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Why Invest in Kinross

Founded in 1993, Kinross Gold is a senior gold mining company with a diverse portfolio of mines and projects in the United States, Brazil, Chile, Ghana, Mauritania, and Russia. Headquartered in Toronto, Canada, Kinross employs approximately 9,000 people worldwide. The Company is focused on delivering value through operational excellence, balance sheet strength, disciplined growth, and responsible mining.

- J. Paul Rollinson, President & CEO

Investor Relations

Compelling Investment Opportunity

Attractive Trading Metrics

Attractive Trading Metrics

  • Compelling value opportunity due to large annual production, excellent operating track record and relatively low-risk growth opportunities
  • Attractive trading metrics:

Balance Sheet Strength and Flexibility

Robust Liquidity Position1

Balance Sheet Strength and Flexibility

  • Robust liquidity position of $2.5 billion1
  • Modest leverage, with low net debt to EBITDA ratio
  • Strong position to finance organic development projects with existing liquidity and cash flow generation
  • Senior notes rated investment grade by Moody’s, S&P Global Ratings and Fitch Ratings
  • New dividend of $0.03/share per quarter, reflecting management's confidence in sustaining a strong balance sheet
Footnotes
  • 1 As at September 30, 2020

Senior Gold Producer

Senior Gold Producer image
The seven millionth gold ounce is poured at Fort Knox in Alaska, U.S.A.

Senior Gold Producer

  • Large, pure gold producer with a diversified portfolio of mines and development projects
  • 2020 estimated production: 2.4 million Au eq. oz. +/-5%
  • Portfolio of high quality development projects located in each of our three operating regions
  • Strong three-year guidance with plans to increase production by 20%, or half a million gold equivalent ounces, while lowering costs, from 2021-2023
  • Long-term outlook with expected average annual production of 2.5 million gold equivalent ounces through to 2029

Technically Skilled Operator

Guidance image

Technically Skilled Operator

  • Among the best safety records in the industry
  • On track to meet annual guidance for production, cost of sales and capital expenditures for the 9th consecutive year
  • Achieving operating efficiencies through strong culture of continuous improvement
  • Developed a range of operating expertise working in variety of environments in both open pit and underground mines


Growth Opportunities

Round Mountain Operations machinery
A drill rig operates at Round Mountain in Nevada, U.S.A.

Growth Opportunities

We continue to advance our portfolio of high quality development projects and future opportunities:

  • The value-enhancing Tasiast 24k project offers attractive returns, increased production and lower costs
  • At Chulbatkan, Udinsk is a high-quality open pit, heap leach project, expected to be a large, low-cost operation
  • The Fort Knox Gilmore project is expected to extend mine life to 2030
  • The recently-acquired Peak project is a high-return, low-capital opportunity that leverages existing infrastructure at Fort Knox
  • The La Coipa Restart project is expected to generate strong returns in a familiar operating jurisdiction
  • The Lobo-Marte project offers the potential of a cornerstone asset with attractive all-in sustaining costs to enhance Kinross' long-term production profile
  • Our exploration program has a strong record of extending mine life and is focused on high-quality brownfield targets and the discovery of new resources within existing footprint of our mines

Industry Leader in Responsible Mining

The recontoured and seeded rock disposal area of the Numbers pit at Bald Mountain in Nevada, U.S.A.

Industry Leader in Responsible Mining

  • One of the best safety performances in the industry, with reportable injury rates on par with low-risk non-industrial sectors
  • Lowest energy use and greenhouse gas emission intensities per tonne of ore processed among our gold industry peers
  • Spent $3.2 billion in host countries through local purchasing, taxes and wages in 2019
  • 98.5% of workforce employed from host countries
  • Maintained top-tier position in The Globe and Mail’s annual corporate governance survey
  • Ranked first in environmental responsibility and transparency among mining and metals companies by World Wildlife Fund Russia


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