Kinross Gold Corporation · TSX:K
Kinross Gold — Merger or Acquisition (July 2019)
13 slides from Kinross Gold's merger presentation, Jul 31, 2019
Slide 1: Delivering Value. Kinross to acquire high-quality development project
Delivering Value. Kinross to acquire high-quality development project July 31, 2019
Slide 2: Cautionary Statement on Forward-Looking Information
July 31, 2019 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this presentation, including any information as to the future financial or operating performance of Kinross, constitute “forward-looking information” or “forward-l
Slide 3: Strategic Rationale
Kinross to acquire high-quality development project July 31, 2019 Strategic Rationale High-quality • High-grade open pit heap leach project which is expected to be a significant, low-cost mine development project • Large near-surface deposit with ~4Moz. estimated of indicated gold resource and 80koz
Slide 4: Transaction Overview
Kinross to acquire high-quality development project July 31, 2019 Transaction Overview • Kinross has agreed to acquire 100% of the Chulbatkan project from Transaction N-Mining Limited, a private company details • Kinross has a right of first offer for properties within 25 km of outermost claim bound
Slide 5: Project Location
Kinross to acquire high-quality development project July 31, 2019 Project Location Khabarovsk is industrialized and has a well-established mining and exploration sector Mining-friendly jurisdiction Kupol • Several gold producers active in the region Magadan Ten operating mines Khabarovsk Fourth
Slide 6: Overview of the Chulbatkan Resource
Kinross to acquire high-quality development project July 31, 2019 Overview of the Chulbatkan Resource Near-surface, high-grade, open-pit, heap leachable deposit with large estimated resource • Near surface, highly continuous • Current resource extends to ~375m, with grades mineralization increasing
Slide 7: High-Quality Asset with Attractive Cost Structure
Kinross to acquire high-quality development project July 31, 2019 High-Quality Asset with Attractive Cost Structure Expected to be a substantial gold mine with a low Significant Due Diligence over all-in sustaining cost Past 16 Months • Preliminary estimates; scope of project may change • Joint dril
Slide 8: Significant Upside Opportunities
Kinross to acquire high-quality development project July 31, 2019 Significant Upside Opportunities Kinross plans to undertake a robust exploration program with a focus of defining and further extending the resource • Current resource estimate limited to extent of drilling completed to date Signifi
Slide 9: Regional Exploration Upside
Kinross to acquire high-quality development project July 31, 2019 Regional Exploration Upside Numerous untested potential targets within the ~120km2 exploration license • Multiple structural environments analogous to Chulbatkan deposit • Multiple downstream placer gold occurrences indicate hard rock
Slide 10: Deep Experience In-Country
Kinross to acquire high-quality development project July 31, 2019 Deep Experience In-Country Kinross has a long and successful 24-year track record investing in Russia Significant operating experience 2018 Statistics: Kinross • Operated 4 mines, including the high-grade, low cost investments in Russ
Slide 11: Excellent Fit for Kinross
Kinross to acquire high-quality development project July 31, 2019 Excellent Fit for Kinross Chulbatkan has the potential to be a significant low cost operation and is expected to strengthen our longer-term production and cash flow profile in Russia Quality asset with strong upside Trial mining pit
Slide 12: Endnotes
Kinross to acquire high-quality development project July 31, 2019 Endnotes 1) Mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards – For Mineral Resources and Mineral Reserves” incorporated by reference into
Slide 13: July 31, 2019
July 31, 2019