Kinross Gold Corporation · TSX:K
Kinross Gold — Scotia Capital Precious Metals Conference 2007
14 slides from Kinross Gold's conference presentation, Nov 27, 2007
Slide 1: Scotia Capital Precious Metals 2007
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Scotia Capital Precious Metals Conference November 27, 2007 DELIVERING DISCIPLINED GROWTH 1 The Kinross Difference on ucti d g Pro R isin De Increased clin ing Margins, Cash Flow Co s ts & Leverage to Gold Price 2
Slide 2: Cautionary Statements
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 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
Slide 3: Focused Portfolio
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Focused Portfolio Julietta Kupol Fort Knox Kettle River Round Mountain Crixas Paracatu La Coipa Maricunga 5 Consolidating the Kinross portfolio(3) Recently announced 3-part asset swap with Goldcorp Kinross sells two C
Slide 4: Rationalizing the portfolio
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Rationalizing the portfolio(3) Kinross before (end of ’06) Kinross: after asset swap Operated Operated Paracatu Paracatu Maricunga Maricunga Fort Knox Kupol Round Mountain Fort Knox Kettle River Round Mountain Kettle Rive
Slide 5: Kinross Reserve Growth History
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Kinross Reserve Growth History Proven and Probable Reserves (2,3) From 2002 to now: Reserves have grown by ~40 million ozs Reserves per Kinross share have grown by 65% Reserve Growth 43 28 25 21 14 5 2002 2003 2004 20
Slide 6: Superior Production Growth Profile
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Superior Production Growth Profile Mineral Production(1) (mm oz Au eq.) Growth ~60% 2.6 – 2.7 40% of 2.1 – 2.2 production 1.6 from new low-cost projects(4) 2007E 2008E 2009E (1) Refer to final slide footnote #1. (4) Refer
Slide 7: Expanding Margins
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Expanding Margins(5) The increase in gold prices have meant higher margins. CoS Margin is up 199%, while gold is up 118% (FY’02 vs. YTD’07(6)) $314 $279 Cost of Sales Margin up 199% $170 $161 $135 $105 FY '02 FY '03 FY '0
Slide 8: Strong Financial Platform
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Strong Financial Platform Cash at September 30, 2007 of $293 million No exposure to asset-backed commercial paper Building development projects to grow the business – ‘07e Capital expenditures(7): $660 million – ’07
Slide 9: Expanding Paracatu...
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Expanding Paracatu… SAG and ball mill progress: October 2007 SAG mill progress: November 2007 Ball mill progress: November 2007 Crusher assembling in progress: October 2007 17 Expanding Paracatu… Expansion to increase t
Slide 10: Building Kupol...
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Building Kupol… Powerhouse – October 2007 Tank building CCD 1 & CCD 2 – October 2007 SAG mill liners – last week of August SAG mill - September 2007 19 Building Kupol… Construction of Kinross’ newest mine – Open pit and
Slide 11: Expanded Project Pipeline
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Expanded Project Pipeline Exploration Pre-Feasibility Feasibility Construction Production Kupol Paracatu Expansion Buckhorn: Kettle River Pancho: Maricunga Fort Knox Heap Leach Fort Knox Phase 7 Cerro Casale Gold Hill: Ro
Slide 12: Price / Cash Flow Per Share
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 Price / Cash Flow Per Share 19.9 18.1 18.2 15.2 14.0 13.0 12.7 12.3 GG KGC ABX NEM GG ABX KGC NEM 2008 2009 Source: Bloomberg estimates – November 23, 2007 23 The Kinross Advantage Industry Challenge Kinross Today By 20
Slide 13: Footnotes
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 The Kinross Difference ion d uct g Pro isin R De Increased clin ing Margins, Cash Flow Co s ts & Leverage to Gold Price 25 Footnotes (1) Kinross production based on Company guidance (see November 7, 2007 press release). (
Slide 14: Kinross Gold Corporation
Kinross Gold Corporation Scotia Capital Precious Metals 2007 November 27, 2007 27
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