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 $1.8 billion1
  • Repaid over $1.0 billion of debt over the past 7 years
  • Modest leverage – net debt to EBITDA ratio of 1.3x1
  • Strong position to finance organic development projects with existing liquidity and cash flow generation
  • No debt maturities prior to September 2021
Footnotes
  • 1 As at September 30, 2019

Senior Gold Producer

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
    • Our operations are located in three core regions: the Americas, West Africa and Russia
  • 2019 production guidance: 2.5 million Au eq. oz. (+/- 5%)
    • Approximately 60% of annual production expected to come from our mines in the Americas
  • Portfolio of high quality development projects located in each of our three operating regions

Technically Skilled Operator

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 seven years
    • On track to once again meet guidance for 2019
  • Achieving operating efficiencies through strong culture of continuous improvement

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:

  • Round Mountain Phase W and Bald Mountain Vantage projects are now complete
  • Proceeding with the value-enhancing Tasiast 24k project, which offers attractive returns, increased production and lower costs
  • Acquisition of the high-quality Chulbatkan project is on track to close in early 2020. Chulbatkan is a relatively high-grade, open pit, heap leach project which is expected to be a large, low-cost operation
  • The Fort Knox Gilmore project is expected to extend mine life to 2030
  • We are evaluating a potential return to production in Chile, with a feasibility study for La Coipa expected in Q1 2020, and a pre-feasibility study expected for Lobo-Marte in mid-2020
  • Our exploration program 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

  • Strong safety record, among the best of its peers
  • Spent over $3 billion in host countries through local purchasing, taxes and wages in 2018
  • 98% of workforce 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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