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Kinross Sells Interest in Pacific Rim Mining Corp.

December 30, 2003

Toronto, Ontario - Kinross Gold Corporation (TSX-K and NYSE-KGC) ("Kinross") announces that it has sold its entire equity ownership stake in Pacific Rim Mining Corp. (TSX-PMU and Amex-PMU) consisting of 17,606,049 shares for net proceeds of Cdn.$21.8 million. This investment was deemed not to be strategic to Kinross on a going forward basis