May 28, 1998.
Shareholders of Kinross Approve Merger
Toronto, Ontario -
KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC)
announces that its
shareholders have approved the issuance of Kinross common shares to holders of shares of Amax Gold
Inc. (NYSE-AU); TSE-AXG) pursuant to the terms of the previously announced merger. The merger of
Kinross and Amax will be effective on June 1, 1998. Pursuant to the terms of the previously issued
subscription rights, Kinross will issue one common shares for each of the 38,118,812 issued and
outstanding subscription rights. On June 1, 1998, the register for the transfer of subscriptions rights
will be closed.
After completion of the Merger, Kinross Gold Corporation will be the fifth largest gold producer in North
America with annual production of 1.2 million ounces and a market capitalization of approximately US
$1 billion (C$l.5 billion).
Kinross is a producer of precious metals incorporated under the laws of the Province of Ontario and
headquartered in Toronto, Canada with property interests in Canada, the United States, Russia and
Zimbabwe.
This media release shall not constitute an offer to sell or a solicitation of an offer to buy the securities
in any jurisdiction. The subscription receipts will not be and have not been registered under the United
States Securities Act of 1933 and may not be offered or sold in the United States except pursuant to
available exemptions from registration.
THIS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH ANY SERVICE
WITH U.S. PARTICIPATION.
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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
(416) 365-5132