February 5, 2002
Toronto, Ontario –
Kinross Gold Corporation (TSE-K; Amex-KGC)
announced that, due to the
difficult economic and political environment in Zimbabwe, Kinross has decided to write-down its
investment in the Blanket mine by $11.8 million, effective December 31, 2001. Throughout this
challenging time in Zimbabwe, the Blanket mine has continued to operate with estimated 2002
production of 39,000 ounces of gold. The decision to continue to operate or to suspend operations will
be continuously reviewed in the context of the evolving economic and political conditions in Zimbabwe.
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of
the United States Securities Exchange Act of 1934, as amended. All statements, other than statements
of historical fact, included herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and objectives of Kinross, are forward-
looking statements that involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual results to differ
materially from Kinross’ expectations are disclosed under the heading “Risk Factors” and elsewhere in
Kinross’ documents filed from time to time with the Toronto Stock Exchange, the United States
Securities and Exchange Commission and other regulatory authorities.
-30-
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
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February 5, 2002
Toronto, Ontario –
Kinross Gold Corporation (TSE-K; Amex-KGC)
announced that, due to the
difficult economic and political environment in Zimbabwe, Kinross has decided to write-down its
investment in the Blanket mine by $11.8 million, effective December 31, 2001. Throughout this
challenging time in Zimbabwe, the Blanket mine has continued to operate with estimated 2002
production of 39,000 ounces of gold. The decision to continue to operate or to suspend operations will
be continuously reviewed in the context of the evolving economic and political conditions in Zimbabwe.
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of
the United States Securities Exchange Act of 1934, as amended. All statements, other than statements
of historical fact, included herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and objectives of Kinross, are forward-
looking statements that involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual results to differ
materially from Kinross’ expectations are disclosed under the heading “Risk Factors” and elsewhere in
Kinross’ documents filed from time to time with the Toronto Stock Exchange, the United States
Securities and Exchange Commission and other regulatory authorities.
-30-
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
Home
•
Corporate
•
Operations
•
Investors
•
News
•
Contact
•
Search
•
Index