Kinross Gold Corporation · TSX:K
Kinross Gold — Shareholder Meeting (May 2007)
13 slides from Kinross Gold's shareholder meeting presentation, May 2, 2007
Slide 1: Annual & Special Meeting of Shareholders
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 1 Annual Special Meeting of Shareholders May 2, 2007 DELIVERING DISCIPLINED GROWTH 2
Slide 2: Cautionary Statements
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 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 Kinross, constit
Slide 3: Kinross – Key Facts
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Kinross – Key Facts Fifth largest gold mining company by reserves 9 operating mines, 5 countries – Chile, Brazil, United States, Russia, Canada 3 major projects in development 2007e production: 1.65 million ounces Production gro
Slide 4: Kinross Reserve Growth History
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Kinross Reserve Growth History Proven and Probable Reserves (1) From 2002 to now: Reserves have grown by 40 million ozs Reserves per Kinross share have grown by 75% 45 Reserve Growth 28 25 21 14 5 2002 2003 2004 2005 2006 Current (wit
Slide 5: Kinross in 2006 – A Landmark Year
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Kinross in 2006 – A Landmark Year Strengthened Management Team Sold non-core assets Acquired Crown Resources – Added Buckhorn project and began construction Grew gold reserves by 13% (pre-Bema Gold) Began construction of the Par
Slide 6: Top Performing Senior Gold Equity
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Top Performing Senior Gold Equity Kinross was the top performing senior Gold Equity in 2006. 12 Kinross Gold Corporation Thomas M. Boehlert Executive Vice President and Chief Financial Officer 13
Slide 7: 2006 – Record Financial Results
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 2006 – Record Financial Results Realized COS Margin(4) 1.51 mm Gold Price +64% Gold Equivalent Sales ozs +34% $279/oz $598/oz Revenue $906 mm Cost of Sales Earnings $166 mm +16% Per Share $0.47 $319/oz Cash Flow From Operations $292 mm Pe
Slide 8: 2007 Kinross Guidance
Kinross Gold Corporation Annual & Special Meeting May 2, 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. 20
Slide 9: Focused Portfolio
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Focused Portfolio Kupol Fort Knox Julietta Musselwhite Kettle River Operating Development Location Ownership Mine Type Properties Properties Porcupine JV Round Mountain, USA 50% Open Pit z Round Mountain Fort Knox, USA 100% Open Pit z Par
Slide 10: Progress: Paracatu
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Progress: Paracatu $470 million expansion to increase throughput to 60 mtpa Approximately 25% complete All major equipment ordered Construction support facilities in place On-time and on-budget for completion in 2008 20 Progress
Slide 11: Declining Cash Costs
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Declining Cash Costs Mine 2009E Cost 2009E Production (US$/oz Au eq.) (ounces) Kupol Approx. $130 Approx. 413,000(7) Paracatu with Expansion Approx. $230 Approx. 557,000(8) Kettle River Approx. $200 Approx. 160,000(9) Total Weighted Avera
Slide 12: Kinross Delivers – 4-Point Plan
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 Kinross Delivers – 4-Point Plan Growth From Best Building Blocks for New Growth the Core People the Future Opportunities Paracatu Expansion 9 9 9 9 Buckhorn Construction 9 9 9 9 Bema Acquisition 9 9 9 9 Round Mountain Optimization 9 9 9 F
Slide 13: The Kinross Advantage
Kinross Gold Corporation Annual & Special Meeting May 2, 2007 The Kinross Advantage Industry Kinross Today Challenge By 2009, over 40% of production is High Cost Low Cost expected to be approximately $200 cost Production Producer of sales per oz Paracatu – 33 yrs Short Long Mine Kupol – 9 yrs Life R