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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 ESG Analyst Centre

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 $2.8 billion1
  • Delivered record annual free cash flow of over $1 billion in 2020
  • 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
  • Dividend of $0.03/share per quarter, reflecting management's confidence in sustaining a strong balance sheet
Footnotes
  • 1 As at December 31, 2020

Senior Gold Producer

Senior Gold Producer

  • Large, pure gold producer with a diversified portfolio of mines and development projects
  • 2021 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 2029

Technically Skilled Operator

Guidance image

Technically Skilled Operator

  • Among the best safety records in the industry
  • Met annual guidance for production, cost of sales and capital expenditures for nine consecutive years
  • Achieving operating efficiencies through strong culture of continuous improvement
  • Developed a range of operating expertise working in variety of geographic 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 La Coipa Restart project is expected to generate strong returns in a familiar operating jurisdiction
  • The Manh Choh project in Alaska is a high-return, low-capital opportunity that leverages existing infrastructure at Fort Knox
  • The Lobo-Marte project has the potential to support Kinross’ long-term production profile with attractive all-in sustaining costs
  • 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
  • ESG performance ranked in the top quartile among senior gold peers, as measured by Sustainalytics, MSCI, ISS, Vigeo, Refinitiv and S&P’s Dow Jones Sustainability Index
  • Among the lowest greenhouse gas emission intensities per tonne of ore processed and per ounce produced among our gold industry peers
  • Spent $3.2 billion in host countries through local purchasing, taxes and wages in 2019
  • 98% of workforce employed from host countries
  • The highest-rated mining company in The Globe and Mail’s annual corporate governance survey in 2020


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