40 King Street West, 52 Floor

Toronto, ON M5H 3Y2

Tel: 416 365 5123

Fax: 416 363 6622

Toll Free: 866-561-3636

nd

PRESS RELEASE

Kinross Announces Late Filing of Financial Statements

March 16, 2005…Toronto, Ontario – Kinross Gold Corporation

(TSX-K; NYSE-KGC)

(“Kinross” or the “Company”) announces that it will not be able to meet the deadline of March

31, 2005 for the filing of its 2004 audited financial statements and related management

discussion and analysis of financial condition (“MD&A”).

As previously announced, Kinross is reviewing its purchase price allocation and the goodwill

recorded as part of the 2003 business combination with TVX Gold Inc. and Echo Bay Mines Ltd.

In this connection, Kinross retained Standard & Poor's Corporate Value Consulting, as

independent valuator, to provide the requisite valuations. Standard & Poor's has advised

Kinross that it expects to complete its work shortly and to provide a final report in early April.

Upon receipt of the valuator's final report, management and the Company's advisors will

conduct a review of the contents of the report and determine its impact on the Company's

financial statements. This will also require the concurrence of the Company’s auditors on the

allocation of the purchase price, the allocation of goodwill, impairment testing methodology and

the subsequent results of the goodwill impairment tests. Once the Company is in a position to

reflect the appropriate treatment of the goodwill in its financial statements, the Company may

have to restate its 2003 audited financial statements and any affected interim financial

statements, and it will release its 2004 audited financial statements and related MD&A. Kinross

is committed to publishing its financial statements and related MD&A as soon as possible.

Pending the filing of its financial statements and MD&A, the Company intends to satisfy the

alternative information guidelines recommended by Ontario Securities Commission (“OSC”)

Policy 57-603 and Canadian Securities Administrators (“CSA”) Staff Notice 57-301. The

Company will request from the Canadian securities regulators, that a management cease trade

order related to the Company’s securities be imposed against some or all persons who have

been directors, officers or insiders of the Company, which cease trade order would generally not

affect the ability of persons who have not been directors, officers or insiders of the Company to

trade in the Company’s securities.

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 Gold Corporation, 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.

For additional information, e-mail

info@kinross.com

or contact:

Christopher T. Hill

Vice President

Investor Relations

Tel. (416) 365-7254

Tracey M. Thom

Manager

Investor Relations

Tel. (416) 365-1362