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Kinross announces financial results for the nine months ended September 30, 2005

February 15, 2006

Status update on regulatory filings

Toronto, Ontario - Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross" or the "Company"), the third largest primary gold producer in North America, announced today its unaudited results for the nine months ended September 30, 2005. As previously committed this week, Kinross has also completed filing its restated financial statements for 2003 and 2004 and the respective interim periods.

Kinross has previously discussed operating results in its press release dated November 21, 2005.

(All dollar amounts in this press release are expressed in U.S. dollars, unless otherwise noted)

2005 nine-month summary (to September 30, 2005)

• Production on plan with 1.23 million ounces at a total cash cost(1) of approximately $272 per ounce;

• Revenues rose 10% to $535.5 million and cash flow from operating activities increased 6% to $109.9 million compared to the same period last year;

• The Company reported a net loss of $(61.7) million or $(0.18) per share, including a non-cash foreign currency impact on future tax liabilities totaling $22.9 million and a non-cash write-down of the Aquarius property of $36.8 million;

• Kinross increased proven and probable reserve estimates at its Paracatu mine by 4.8 million ounces;

• Kinross had a cash position of $81.6 million and $42 million available on its revolving credit facility.

(1) Total cash costs per equivalent ounce of gold is a non-GAAP measure. Please see the disclosure following the Forward Looking Statements section at the end of this release.

"This is an exceptional time for Kinross. We're now in a position to fully capitalize on a historic point in the gold market and for our Company," said Tye Burt, President and Chief Executive Officer of Kinross Gold Corporation. "I am pleased that we have turned the page on merger accounting matters and resolved the questions related to the 2003 acquisitions. We will be up to date in our financial reporting with the release of the restated financial statements and our results for the first three quarters of 2005," said Burt. "Moving forward, our strategic objective is to maximize net asset value and cash flow per share. To do that, we are executing a four-point plan: (1) growth from core operations; (2) expanding our capacity for the future; (3) attracting and retaining the best people in the industry; and (4) driving new opportunities from exploration and acquisitions. For example, our exploration team had great success by increasing reserves at Paracatu by an additional 4.8 million ounces to 13.3 million ounces, making it a truly world-class ore body."

Please download the PDF for the full version of this newsrelease.

Click here to downloadthe Q3 2005 report (PDF).

Cautionary Statement on Forward-Looking Information
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, expected production and exploration results, expected costs and expenditures 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. Total cash costs per equivalent ounce of gold is calculated in accordance with The Gold Institute Production Cost Standard (the “Standard”). Adoption of the Standard is voluntary, but is used in order to give the reader comparative data to our peers. Total cash costs per equivalent ounce of gold has no standardized meaning under generally accepted accounting principles and therefore may not be comparable to similar measures presented by other issuers. Total cash costs per equivalent ounce of gold is furnished to provide additional information and is a non-GAAP measure. This measure should not be considered in isolation as a substitute for measures of performance prepared in accordance with generally accepted accounting principles and is not necessarily indicative of operating expenses as determined under generally accepted accounting principles. This measure is intended to provide investors with information about the cash generating capabilities (realized revenue, net of total cash costs per ounce) of the mining operations. The Company uses this information for the same purpose and for assessing the performance of its mining operations. Mining operations are capital intensive. The measure total cash costs excludes capital expenditures but is reconciled below to total operating costs for each mine. Capital expenditures require the use of cash in the current period, and in prior periods and are discussed in the Company’s filings.

The technical information about the Company’s material mineral properties contained in this press release has been prepared under the supervision of Mr. Rod Cooper, an officer of the Company, who is a “qualified person” within the meaning of National Instrument 43-101.