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 Production Ahead of Plan

Provides Status Update on Late Filing of Financial Statements

April 28, 2005, Toronto, Ontario – Kinross Gold Corporation

(TSX-K; NYSE-KGC)

("Kinross" or the "Company") announced today that gold equivalent production for the first

quarter 2005 was 410,480 gold equivalent ounces.

“Production was about 6% ahead of plan for the first quarter, and costs were in line with our

plan”, said Tye Burt, President and CEO of Kinross. “We are on track to produce 1.6 million

gold equivalent ounces and the full year total cash cost forecast of $250 to $255 per ounce

remains unchanged.”

Slightly higher production and improved productivity from continuous improvement programs

are expected to help offset cost increases from fuel, energy and other consumables, which are

above plan.

OPERATIONS UPDATE

First Quarter Production

2005

Mine

Fort Knox

Round Mountain

Paracatu

Porcupine Joint Venture

La Coipa

Crixas

Refugio

Musselwhite

Kubaka

Kettle River

New Britannia

Lupin

Total

(ounces gold equivalent)

2004

(ounces gold equivalent)

73,953

95,393

40,609

52,891

34,024

24,192

2,947

21,544

46,161

18,766

-

-

410,480

75,980

94,984

24,340

51,867

40,549

22,511

2,731

17,549

29,259

25,347

6,707

5,187

397,011

At

Refugio,

we have been commissioning the project in stages and we expect to achieve a

production rate of 40,000 tonnes per day in the second quarter of 2005. The power supply

from the local electrical utility is coming up in phases with full power expected in the next few

weeks. The total capital cost of the expansion was reviewed in late March and stands at $134

million.

At

Paracatu,

we have been drilling exploration holes in the West of Rico Creek target with

140-meter spacings on the holes, a density sufficient to define resources. Further drilling will

continue to define this target in order to move it toward a proven and probable category, while



other drills will be focused on drilling in the pit and other step out targets. Assay results have

been returned on six drill holes so far, and the grade, hardness, and metallurgy have all come

back as expected. This drilling is needed to help finalize the detailed capacity study for the

mine and mill expansion at Paracatu. The detailed capacity study will define the optimum

economic throughput rate. We have committed $19 million in capital to the expansion program

this year, and expect to have a final capital cost estimate in the fourth quarter of 2005.

At

Round Mountain,

the final feasibility study on the pit expansion, intended to extend mine

life, will be completed in June and presented to the joint venture partners for approval. The

portal to drive a drift underground will begin in June and is expected to reach the underground

exploration target in approximately 12 months.

Overall, the

Porcupine Joint Venture

had an excellent quarter with production around 18%

ahead of plan, partly as a result of a change in accounting treatment. The Pamour pit

development is well underway and equipment from the Dome pit has been moved to Pamour

for assembly. Additionally, higher-grade mining from the Dome pit has allowed for Pamour ore

delivery to the mill to be deferred until later in the year. Permitting for the Three Nations Lake

diversion is well advanced.

The

Puren

deposit has been approved for development by the joint venture partners at

La

Coipa,

Chile. Puren is owned 65% by Mantos de Oro (MDO, a 50:50 joint venture with Placer

Dome and Kinross) and 35% by Codelco of Chile. The project is expected to extend mine life

at La Coipa by about two years. Kinross’ share of capital expenditure is estimated to be

approximately $8 million. Ore is expected to be trucked 8 km to the MDO mill for processing

under a toll treatment arrangement.

Status Update on Late Filing of Financial Statements

Pursuant to the alternative information guidelines of the Ontario Securities Commission

(“OSC”) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301, Kinross

will provide bi-weekly updates to the market regarding the process relating to the preparation

and filing of its financial statements and related matters, until such time as Kinross is current

with its filing obligations under Canadian securities laws.

As previously disclosed, Kinross has not yet filed its financial statements as a result of the

review of the accounting treatment for the goodwill associated with the TVX Gold/Echo Bay

merger. Kinross and its auditors are reviewing the models received from Standard and Poor’s

Corporate Value Consultants, per the update press release dated April 15, 2005, and

assessing their impact on the financial statements. After initial review, Kinross has determined

that additional work is needed to refine the valuation for exploration properties. When the

review is complete the Company will incorporate the results into its financial statements for

2003 and 2004 and any affected interim statements. Upon completion of this process and the

related audits the Company will complete its regulatory filings. We are issuing bi-weekly

updates as to the status and timing which can be viewed on our website at

www.kinross.com.

The next update is scheduled for the week of May 9, 2005.

For additional information, e-mail

info@kinross.com

or contact:

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Christopher T. Hill

Vice President

Investor Relations

Tel. (416) 365-7254

Tracey M. Thom

Manager

Investor Relations

Tel. (416) 365-1362

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 Kinross’ financial statements for its fiscal year

ended December 31, 2003, 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. Any restatement of historical

financial statements is dependant on the outcome of the independent valuation of the acquired assets, and

Kinross does not know what that outcome will be. Other 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 Canadian Securities Regulators, the United States Securities and

Exchange Commission and other regulatory authorities.

All dollar amounts are expressed in US dollars unless otherwise noted.

Technical information contained in this press release has been reviewed by Rod Cooper, Vice President,

Technical Services for Kinross, who is a “Qualified Person” under National Instrument 43-101.

Total cash costs are a non-GAAP measure intended to provide investors with information about the operating

efficiency of current mining operations. Management uses this measure for the same purpose and for monitoring

performance of its gold mining operations. Total cash costs per ounce is a standard gold mining industry

measure that was developed in conjunction with the Gold Institute in an effort to provide a level of comparability

among precious metals producers. This measure differs from earnings determined in accordance with Generally

Accepted Accounting Principles (“GAAP”) and should not be considered in isolation or a substitute for measures

of performance determined in accordance with GAAP. Total cash costs may reflect adjustments for items that are

recurring such as change in inventory and site restoration cost accruals. A reconciliation of total cash costs with

operating costs per the consolidated financial statements will be published by the Company once its December

31, 2004 year end financial statements are available.

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