January 12, 2000
Toronto, Ontario - Kinross Gold Corporation (TSE-K) announced today that The Toronto Stock
Exchange has accepted for filing a Notice of Intention to Make a Normal Course Issuer Bid for the
common shares of the Corporation. Pursuant to the bid which commences on January 17, 2000 and
ends on January 16, 2001, during the next 12 months the Corporation may purchase up to 15,004,339
common shares, being 5% of the 300,086,797 currently issued and outstanding common shares. All
purchases will be made through the facilities of the Exchange and in accordance with the Exchange's
rules and by-laws. The common shares purchased pursuant to the bid will be cancelled. The
Corporation believes that it may be advantageous to engage in repurchases of common shares, from
time to time, when they are trading at prices which reflect a significant discount from the underlying
value of the securities. The Corporation repurchased an aggregate of 3,721,900 common shares during
the last 12 months at an average price of Cdn$2.7135
-30-
A chairman's discussion of this press release is available as a Real Audio file
k000112.rm
(791K)
If you do not have the Real Audio Software to listen to the file,
Click here to download Real Player
Basic for free.
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
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