Kinross Gold Corporation · TSX:K

Kinross Gold — Goldman Sachs 2007 Basic Materials Conference

15 slides from Kinross Gold's conference presentation, May 16, 2007

  1. Slide 1: Delivering Disciplined Growth

    Kinross Gold Corporation June 2007 June 2007 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statements All statements, other than statements of historical fact, contained or incorporated by reference in this presentation, including any information as to the future financial or operating performance of K

  2. Slide 2: Kinross – Key Facts / Focused Portfolio

    Kinross Gold Corporation June 2007 Kinross – Key Facts ƒ Fifth largest gold mining company by reserves ƒ 9 operating mines, 5 countries – Chile, Brazil, United States, Russia, Canada ƒ 3 major projects in development ƒ 2007e production: 1.65 million ounces ƒ Production growth of 60% over next two ye

  3. Slide 3: Proven and Probable Reserves / Reserve Growth History

    Kinross Gold Corporation June 2007 Proven and Probable Reserves(1) Gold (mm ozs) Silver (mm ozs) Copper (bn lbs) +83% +185% 2.8 45 69 25 24 0 2005 Current 2005 Current 2005 Current Gold Silver Copper (mm oz.) (mm oz.) (bn lb.) 2P Reserves 45 69 2.8 M&I Resources 12 13 1.0 (1) Refer to final slide fo

  4. Slide 4: 2P Gold Reserves / Superior Production Growth Profile

    Kinross Gold Corporation June 2007 2P Gold Reserves Kinross’ reserves are located in five countries that are favourable to mining Russia Canada 8% 5% USA 12% Country 2P Gold Reserves (mm ozs) Chile 17.1 Brazil 16.8 Brazil USA 5.6 37% Russia 3.5 Canada 2.3 Total 45.2 Chile 38% 7 Superior Production G

  5. Slide 5: Kinross in 2006 – A Landmark Year

    Kinross Gold Corporation June 2007 Kinross in 2006 – A Landmark Year ƒ Strengthened Management Team ƒ Sold non-core assets ƒ Acquired Crown Resources – Added Buckhorn project and began construction ƒ Grew gold reserves by 13% (pre-Bema Gold) ƒ Began construction of the Paracatu expansion ƒ Announced

  6. Slide 6: 2007 First Quarter Results / Cost of Sales Margins

    Kinross Gold Corporation June 2007 2007 – First Quarter Results Realized COS Margin(4) Gold Price +57% Gold Equivalent Sales 378,167 +22% $322/oz $650/oz Revenue $245.7 mm Cost of Sales Earnings $68.5 mm +0% Per Share $0.16 $328/oz Cash Flow From Operations $90.2 mm Per Share $0.20 (4) Refer to fina

  7. Slide 7: 2007 Strong Financial Platform / Progress: Buckhorn

    Kinross Gold Corporation June 2007 2007 Strong Financial Platform ƒ Strong financial position to build development projects and grow the business – Capital expenditures: $450 million (ex – Kupol(5)) – Exploration and business development: $55 million ƒ Cash of $222 million (at March 31, 2007) ƒ Unus

  8. Slide 8: Progress: Paracatu / Progress: Kupol

    Kinross Gold Corporation June 2007 Progress: Paracatu ƒ $470 million expansion to increase throughput to 60 mtpa ƒ Approx. 25% complete ƒ All major equipment ordered ƒ Construction support facilities in place ƒ On-time and on-budget for completion in 2008 15 Progress: Kupol (75%) ƒ Feasibility compl

  9. Slide 9: 2007 Kinross Guidance / Expanded Project Pipeline

    Kinross Gold Corporation June 2007 2007 Kinross Guidance 2007E (all dollar amounts in US dollars) Production (Au eq.) 1.65 mm Cost of Sales (per ounce) $330 – $340 CAPEX (excluding Kupol) $450 mm (5) Exploration $55 mm Production Beyond 2007: 2008 2.1 – 2.2 mm oz Au eq. 2009 2.6 – 2.7 mm oz Au eq. (

  10. Slide 10: Kinross Goals & Objectives – 2007

    Kinross Gold Corporation June 2007 Chilean Asset Base 19 Kinross Goals & Objectives – 2007 Deliver Asset Best Talent, Building Blocks Drive Future Value Performance Best Teams for the Future Enhance Financial & Optimize Future Industry Leading in EH&S Attract & Retain the Best Management Systems Dev

  11. Slide 11: Market Cap. Per Ounce of Reserves / The Kinross Advantage

    Kinross Gold Corporation June 2007 Market Cap. Per Ounce of Reserves ƒ Kinross has attractively priced reserves $435 $207 $188 $178 $181 $174 $152 Polyus Kinross AngloGold Gold Fields Newmont Barrick Goldcorp Does not include silver or copper reserves. As at close of business on June 01, 2007. 21 Th

  12. Slide 12: Appendix: Paracatu, Brazil (100%)

    Kinross Gold Corporation June 2007 Appendix: 23 Paracatu, Brazil (100%) ƒ $470 million expansion project to triple production and reduce costs(8) ƒ Expansion is ~ 25% complete, with production in 2008 ƒ > 33 year mine life Mineralization Tonnes Grade Ounces as at Dec.31.06 (x 1,000) (g/t) (x 1,000)

  13. Slide 13: Round Mountain and Maricunga

    Kinross Gold Corporation June 2007 Round Mountain, USA (50%) ƒ Exploration drilling on underground targets in 2007 ƒ Nearby Gold Hill pit in the permitting phase ƒ Mine life expected to be through 2014 Mineralization Tonnes Grade Ounces as at Dec.31.06 (x 1,000) (g/t) (x 1,000) 2P Reserves 102,549 0

  14. Slide 14: Fort Knox and La Coipa

    Kinross Gold Corporation June 2007 Fort Knox, USA (100%) ƒ Conducting exploration work for Phase 7 of the mine expansion ƒ Evaluating heap leach processing scenario ƒ Gold production expected into 2015 Mineralization Tonnes Grade Ounces as at Dec.31.06 (x 1,000) (g/t) (x 1,000) 2P Reserves 159,673 0

  15. Slide 15: Other Joint Ventures

    Kinross Gold Corporation June 2007 Other Joint Ventures Mineralization Tonnes Grade Ounces as at Dec.31.06 (x 1,000) (g/t) (x 1,000) Musselwhite (31.9%), Reserves: 2,771 6.34 565 Canada Resources: 1,069 5.56 191 Porcupine JV (49%), Reserves: 30,169 1.76 1,709 Canada Resources: 38,217 1.75 2,148 Crix

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