Toronto, Ontario, October 10, 2012 - Kinross
Gold Corporation (TSX: K; NYSE: KGC) today announced that Executive
Vice-President and Chief Financial Officer Paul H. Barry will be
leaving the Company and pursuing other interests. The Company is
conducting a full search for a suitable replacement. Mr. Barry will
remain in his role until a new Chief Financial Officer is appointed
and will assist the new CFO during an agreed transition period.
"On behalf of our employees and the Board, I want to thank Paul
Barry for his sound financial stewardship of Kinross and his
contributions to the Company. Paul has led our efforts in raising
substantial debt capital, including his oversight of the inaugural
$1 billion U.S. bond issuance last year and the recent US$1.5
billion revolving credit facility and US$1 billion term loan," said
Chief Executive Officer J. Paul Rollinson. "Paul will be leaving
Kinross with a strong balance sheet and liquidity position, as well
as an excellent Finance team and robust internal processes, which
helped contribute to Kinross receiving investment grade ratings on
its debt from all three major ratings agencies. We wish him the
very best with his future endeavours."
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and
projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania,
Russia and the United States, employing approximately 8,000 people
worldwide. Kinross maintains listings on the Toronto Stock Exchange
(symbol:K) and the New York Stock Exchange (symbol:KGC).