Kinross Gold Corporation · TSX:K
Kinross Gold — Scotia Capital Mining Conference 2010
15 slides from Kinross Gold's conference presentation, Nov 30, 2010
Slide 1: Delivering Disciplined Growth
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Delivering Disciplined Growth Scotia Capital Mining Conference November 30, 2010 Toronto, ON Cautionary Statement on Forward‐Looking Information All statements, other than statements of historical fact, contained or incorpor
Slide 2: Gold Exploration: Where to From Here?
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Gold Exploration: Where to From Here? • Price of gold: a unique opportunity? • Challenges ahead • New horizons 3 Declining world supply from mine production 2001: Peak Production 3,000 Other Big Four* 2,500 2,000 Tonnes 1,50
Slide 3: Major Gold Discoveries: 1997 - Present
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Major Gold Discoveries: 1997 ‐ Present Spending 3,500 90 Average of Major Au Discoveries ((MM oz.) 80 3,000 70 erage of Grassroots + Late Stage S 2,500 60 2,000 50 (US$ MM) 1,500 40 30 1,000 20 500 10 3 Year A 3 Year Ave - 0
Slide 4: Key Criteria for Exploration Investment
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Key Criteria for Exploration Investment • Precious metals (gold and silver) but willing to pursue other commodities fitting with precious metals portfolio • Geographic focus on the Americas (Ontario, BC, Alaska, Nevada, Wash
Slide 5: Acquiring the World's Best Gold Assets
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Acquiring the World’s Best Gold Assets 2007 • Kupol (Russia) 2008 • Fruta del Norte (Ecuador) 2009 • Lobo‐Marte (Chile) • White Gold (Yukon) • Dvoinoye and Vodorazdelnaya (Far East Russia) 2010 • Kupol East and West explorat
Slide 6: West African Growth Platform
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 West African Growth Platform # Producing Mine # Exploration / Development Project 1) Tasiast (Red Back) –- Au (Robinson) Au 2) Guelb Moghrein (First Quantum) – Cu/Co/Au 3) A k f (Sphere Askaf (S h Mi Minerals) l ) – Iron I O
Slide 7: Tasiast Geological Model
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Tasiast Geological Model Project Layout Piment Sud Sud Piment Sud Nord Piment Central West Branch Footwall Zone Greenschist Zone Piment North Schematic X-section 13 Greenschist Target – Section 71186N Aug.’09: 17 m at 1.69 g
Slide 8: Plan View of Drilling at Tasiast
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Plan View of Drilling at Tasiast 15 No Geographic Constraints to Expansion 16 8
Slide 9: Resource Growth at Tasiast
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Resource Growth at Tasiast • 3.2 mm oz of Inferred Resource added in November 2010 5.1 Ounces (millions)(1,2) 1.9 1.4 0.8 9.2 9.3 5.4 3.7 Year‐end 2008 November 2009 September 2010 November 2010 Measured & Indicated Mineral
Slide 10: District Targets
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 District Targets C67 34m at 1.71g/t 4m at 11.10g/t 19m at 1.19g/t Aoeouat 12m at 2.18g/t 15m at 3.72g/t 6m at 10.62g/t 9 att 7 9m 7.41g/t 41 /t Prolongation 13m at 4.08g/t 6m at 2.61g/t C69 6m at 13.0g/t 13m at 3.89/t 21m at
Slide 11: Advancing Tasiast
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Advancing Tasiast • Kinross plans an additional 50,000 m for rest of 2010, plus 20,000 m beyond 8 km mine corridor • Kinross resources focused on advancing the project: o Q4/10 exploration spending: ~$20.6 million o 19 drill
Slide 12: Kupol Properties / Dvoinoye & Vodorazdelnaya
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Kupol Properties / Dvoinoye & Vodorazdelnaya • In 2010: Pevek o Acquired 100% of Dvoinoye / Vodorazdelnaya and consolidated ownership of the Kupol East Dvoinoye deposit & and West exploration licenses Vodorazdelnaya concessi
Slide 13: Fruta del Norte, Ecuador
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Fruta del Norte, Ecuador • Pre‐feasibility expected to be complete by year‐end • Feasibility expected H1 2011 • Geotechnical and hydrogeological drilling on La Zarza FDN and Colibri concessions • Exploration to date has loca
Slide 14: Conclusion
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Adding Value through Exploration 27 Conclusion • Industry challenges: o Global gold production is declining o Discovery rates are decreasing • The Kinross response: o Focus on the most prospective districts in our desired ge
Slide 15: Endnotes
Kinross Gold Corporation Scotia Capital Mining Conference November 30, 2010 Endnotes 1) For historical mineral resource estimates relating to the Tasiast property, please refer to Red Back’s public filings, available under Red Back’s profile on SEDAR. 2) For more information on Kinross’ updated Meas