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

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Compelling Investment Opportunity

Attractive Trading Metrics

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

Attractive Price to Operating Cash Flow ratio
Compelling Enterprise Value to EBITDA ratio

Balance Sheet Strength and Flexibility

Robust Liquidity Position¹

Balance Sheet Strength and Flexibility

Robust liquidity position of $2.3 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 per quarter, reflecting management's confidence in sustaining a strong balance sheet

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Footnotes

¹ As at June 30, 2020

Senior Gold Producer

Large, pure gold producer with a diversified portfolio of mines and development projects
2019 production: 2.5 million Au eq. oz.
Portfolio of high quality development projects located in each of our three operating regions
Strong three-year guidance with plans to increase production by half a million gold equivalent ounces, while lower costs, from 2021-2023

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Technically Skilled Operator

Among the best safety records in the industry
Met or outperformed annual guidance on production, cost of sales and capital expenditures for past eight years

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

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Growth Opportunities

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
Chulbatkan, a high-quality open pit, heap leach project, is expected to be a large, low-cost operation
The Fort Knox Gilmore project is expected to extend mine life to 2030
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 over $2 billion in host countries through local purchasing, taxes and wages in 2019
98% 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