Kinross Gold Corporation · TSX:K

Kinross Gold — Non-Deal Roadshow (May 2007)

15 slides from Kinross Gold's roadshow presentation, May 22, 2007

  1. Slide 1: Delivering Disciplined Growth

    Kinross Gold Corporation May 2007 May 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 Kin

  2. Slide 2: Kinross Key Facts and Focused Portfolio

    Kinross Gold Corporation May 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 yea

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

    Kinross Gold Corporation May 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 foo

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

    Kinross Gold Corporation May 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 Gr

  5. Slide 5: Kinross in 2006 – A Landmark Year; Share Price Performance

    Kinross Gold Corporation May 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; Expanding Cost of Sales Margins

    Kinross Gold Corporation May 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 final

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

    Kinross Gold Corporation May 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 Unuse

  8. Slide 8: Progress: Paracatu; Progress: Kupol

    Kinross Gold Corporation May 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 comple

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

    Kinross Gold Corporation May 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. (5

  10. Slide 10: Chilean Asset Base; Kinross Goals & Objectives 2007

    Kinross Gold Corporation May 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 Deve

  11. Slide 11: Market Cap per Ounce of Reserves; The Kinross Advantage

    Kinross Gold Corporation May 2007 Market Cap. Per Ounce of Reserves ƒ Kinross has attractively priced reserves $429 $211 $178 $180 $185 $173 $157 Polyus Kinross AngloGold Gold Fields Newmont Barrick Goldcorp Does not include silver or copper reserves. As at close of business on May 11, 2007. 21 The

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

    Kinross Gold Corporation May 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) 2

  13. Slide 13: Round Mountain, USA; Maricunga, Chile

    Kinross Gold Corporation May 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, USA; La Coipa, Chile

    Kinross Gold Corporation May 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; Footnotes

    Kinross Gold Corporation May 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 Crixa

Kinross Gold — Non-Deal Roadshow (May 2007) on 6ix