Toronto - Kinross Gold Corporation (TSX-K;
NYSE-KGC) ("Kinross" or the "Company") is pleased to announce the
appointment of Tim Baker as Executive Vice President and Chief
Operating Officer of Kinross effective June 15, 2006.
Most recently, Mr. Baker was Executive General Manager of Placer
Dome Chile, where he was responsible for the Placer Dome operations
there, including the Zaldivar mine and the Kinross-Placer joint
venture at La Coipa as well as the Pueblo Viejo project in the
Dominican Republic. Mr. Baker has extensive experience in all
aspects of international mining operations including cost control,
operational efficiency and capital expansions. His 30-year career
has spanned several continents, including key posts in Canada,
Latin America, Africa and the United States. Mr. Baker and his
family will return to Canada take up his position with Kinross in
Toronto.
He also has significant experience in environmental, health and
safety matters in addition to background expertise in government
relations, permit acquisition and community relations. Mr. Baker
completed his Bachelor of Science (Geology) at Edinburgh University
in Scotland and attended the Executive Management program at
Queen's University.
"Tim Baker has a lifetime of experience in operating mines and
projects around the world and will be a great asset on a strong
Kinross team," said Tye Burt, President and Chief Executive Officer
of Kinross Gold Corporation. "Tim has tremendous hands-on
operational experience and we look forward to his knowledge and
expertise in our global operations."
Kinross also announced today the resignation of Scott Caldwell,
effective the end of June 2006, as Executive Vice President and
Chief Operating Officer for the Company to become the President of
a new, privately-held affiliate, in which Kinross will be the
primary investor. This new partnership will pursue early-stage
energy-related opportunities in the United States, Canada and
Russia. Mr. Caldwell has been with Kinross since May 1998.
"Scott has been a key factor in Kinross' success today as a
major gold producer. We are excited about the future possibilities
this new venture will present," added Tye Burt. "Senior management
and the Board of Directors wish to thank Scott for his valuable
contribution to the Company."
"I am pleased that both Scott and Tim are committed to a smooth
transition and that our team continues to grow stronger with the
addition and retention of the best people in the industry," said
Tye Burt