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

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

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

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

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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

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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 seven years

On track to once again meet guidance for 2019

Achieving operating efficiencies through strong culture of continuous improvement

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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:

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