January 10, 2005...Toronto, Ontario - Kinross Gold
Corporation (TSX-K; NYSE-KGC) ("Kinross" or the "Company")
announces today that Mr. Robert M. Buchan has decided to step down
as President and Chief Executive Officer of the Company following
the Annual General Meeting on April 27th of this year, and assume
the role of Non-Executive Chairman. The Board of Directors has
established a search committee which will be working with outside
advisors to identify his replacement.
Mr. Buchan told management and employees today, "starting
Kinross in 1993 with 25,000 ounces of annual production and
building it to what it is today has been a remarkable journey. I am
proud of what we have been able to achieve over these 12 years. I
feel certain that the Company will be able to maintain its position
as one of the world's senior gold producers. I also feel that after
12 years at the head of the Company it is time for new leadership
to take us to the next level. In my new role of Non-Executive
Chairman, I look forward to working with the new Chief Executive
Officer in continuing to improve all aspects of what the Company is
and what it can be".
The entire Board of Directors expresses its sincere gratitude to
Mr. Buchan for the contributions made by him during his tenure as
President and C.E.O.