December 2, 1999
Toronto, Ontario -
KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC)
announced that agreement
has been reached with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak Mines Inc., to
extend the closing date to December 20, 1999 for Kinross’ purchase of the Timmins assets of Royal
Oak. Closing of this US$5 million transaction remains subject only to obtaining certain governmental
approvals by December 15, 1999. Kinross has agreed that the 10% deposit previously provided by
Kinross has become non-refundable.
-30-
For additional information contact:
Robert M. Buchan
Chairman and Chief Executive Officer
Tel.: (416) 365-5650
Gordon A. McCreary
Vice President, Investor Relations and Corporate Development
Tel.: (416) 365-5132
Allan D. Schoening
Vice President, Human Resources and Community Affairs
Tel.: (416) 365-2565
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