Kinross Gold Corporation · TSX:K
Kinross Gold — Denver Gold Forum 2008
15 slides from Kinross Gold's conference presentation, Sep 10, 2008
Slide 1: Denver Gold Forum
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Denver Gold Forum September 7-10th, 2008 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statements All statements, other than statements of historical fact, contained or incorporated by reference in this presentation, including any inform
Slide 2: Kinross Today
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Kinross Today Pure gold and silver producer – Policy of no gold hedging – No base metals credits in financial results US$9.6 bn market cap. (“K” TSX, “KGC” NYSE)* 1.8 to 1.9 mm oz. of production in ’08(1) – Growing to 2.4mm oz.
Slide 3: Superior Production Growth Profile
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Superior Production Growth Profile Mineral Production(1) (mm oz. gold equivalent) 2.4 – 2.5 1.8 – 1.9 1.6 2007 2008E 2009E (1) Refer to final slide endnote #1. 5 Kupol(3) Started up on time in May 2008, commissioning in progress F
Slide 4: Paracatu Expansion Project
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Paracatu Expansion Project(4) Commissioning began on schedule in July First s p oduc o e production pec ed in late expected a e Sep e be September Full production expected by year-end ’08e gold production: ~245k – 265k oz.(4)
Slide 5: Paracatu – overland conveyor
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Paracatu – overland conveyor 9 Ore stockpile 10 5
Slide 6: Kettle River – Buckhorn
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Milling facilities 11 Kettle River – Buckhorn(5) Construction of surface facilities complete Mine access road ~90% complete p Mine development work continues – Focus divided between upper and main portals Start-up is on schedu
Slide 7: Fort Knox Expansion
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Fort Knox Expansion(6) Approximately 57% complete Construction on schedule and on budget Start-up of leaching operations in Q3’09 Expansion extends Fort Knox mine life to 2018 (from 2013)(6) Increases production to avg. 370k
Slide 8: The FDN deposit: a major recent discovery
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 The FDN deposit: a major recent discovery(8) Part of 95,000 hectares of exploration concessions FDN discovery hole drilled in 2006 NI 43-101 compliant Inferred resource in ‘07 Advanced work on scoping study and updating resour
Slide 9: Kinross pro-forma reserves and resources
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Kinross pro-forma reserves and resources FDN adds to Kinross’ Inferred resource base(1,8) Opportunity to upgrade and expand upon current inferred resources Gold Silver 47 77 55* ((mm oz) ((mm oz) 20.7* 22 11 13 7 13.7 17 9 17.9 23
Slide 10: Cerro Casale
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Cerro Casale(10) One of the largest undeveloped gold-copper deposits in the world Kinross share: 49% - 2P Reserves(2) 11.2 mm oz. Au 2.8 bn lbs. Cu Next steps: i) Finalize JV agreement with Barrick ii) Updating, drilling in prog
Slide 11: Proven and Probable Reserves
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Proven and Probable Reserves(2) Gold (mm oz.) Silver (mm oz.) Copper (bn lbs.) +88% 47 +221% 2.8 77 28 25 28 24 2005 2006 2007 2005 2006 2007 2005 2006 2007 Gold Silver Copper (mm oz.) (mm oz.) (bn lb.) Proven & Probable 47 77 2.8 Res
Slide 12: The Kinross difference
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 The Kinross difference Industry Challenge Kinross • Building new mines will increase ’09e production by ~55% from ’07(1) Declining global production • Aggressive portfolio upgrades • Adding to pipeline of projects • Margins have grown
Slide 13: Cautionary Note to Shareholders in the United States
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Cautionary Note to Shareholders in the United States Information in this presentation, including the documents incorporated by reference herein, has been prepared in accordance with the requirements of securities laws in effect in Can
Slide 14: Q2 Operating results
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 Q2 Operating results Mine Ounces Produced Ounces Sold Cost of Sales Cost of Sales (Au eq) (Au eq) (US$ mm) (US$/oz) Fort Knox 85,609 75,720 $34.4 $454 Round Mountain 65,570 67,538 $30.9 $458 Paracatu 47,338 52,150 $23.8 $456 La Coipa
Slide 15: 2008 Outlook
Kinross Gold Corporation Denver Gold Forum September 7-10th, 2008 2008 Outlook(1) Revised guidance Previous 2008e Revised 2008e Production 1.9 – 2.0 mm oz. Au eq 1.8 – 1.9 mm oz. Au eq C t off Sales Cost S l ($/oz) ($/ ) $385 – $395 //oz $425 - $445/oz $445/ Key sensitivities Sensitivity Approximate