Kinross Gold Corporation · TSX:K
Kinross Gold — Q2 2026 Earnings Presentation
39 slides from Kinross Gold's earnings presentation, Jul 30, 2026
Slide 1: Delivering Value. Second Quarter 2026 Results
Kinross Gold Corporation (TSX:K; NYSE:KGC) Delivering Value. Second Quarter 2026 Results July 30th, 2026
Slide 2: Conference Call Participants
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Conference Call Participants Paul Andrea Claude William Geoff Bernard Rollinson Freeborough Schimper Dunford Gold Wessels Chief Executive EVP & Chief Retiring Chief EVP & Chief President Incoming Chief Officer Financial Officer Operating
Slide 3: Cautionary Statement on Forward-Looking Information
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this presentation including, but not limited to, any information as to the future financial or operating performan
Slide 4: Q2 Highlights – on track to achieve 2026 guidance
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Q2 Highlights – on track to achieve 2026 guidance Sustained Strong Performance Disciplined Capital Allocation ✓ Production on track ✓ Strong Free Cash Flow1 and robust ✓ Robust cost management driving balance sheet strong margins ✓ Added
Slide 5: Sustainability – Core to our business
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Sustainability – Core to our business • 2025 Sustainability Report published in the second quarter, marking its 18th edition • Outlines our 2025 performance and future sustainability priorities • Delivered humanitarian support in Maurita
Slide 6: Strong Outlook
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Strong Outlook Production Outlook1 (Million Au eq. oz. +/- 5%) Stable production forecast1 2.0 2.0 2.0 Disciplined cost management Attractive relative cost profile Robust cash flow outlook Strengthening balance sheet Significant return o
Slide 7: Financial Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Financial Highlights
Slide 8: Second Quarter Results
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Second Quarter Results Q2 2026 Q2 2025 H1 2026 H1 2025 Attributable Production (Au eq. oz)1 492,326 512,574 984,889 1,024,662 Production Cost of Sales (per Au eq. oz. sold)2 $1,352 $1,080 $1,375 $1,062 Attributable Production Cost of Sal
Slide 9: Disciplined Capital Allocation
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Disciplined Capital Allocation Strengthening Financial Position Enhanced Capital Returns • $471 million of cash added in Q2 • 2026 target to return 40% of our Free Cash Flow3 • $2.7 billion of cash and cash equivalents • $615 million ret
Slide 10: Guidance and Outlook
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Guidance and Outlook On Track to Meet 2026 Guidance & Strong Multi-Year Outlook H1 2026 FY 2026 FY 2027 FY 2028 Results Guidance Guidance Guidance (+/- 5%) (+/- 5%) (+/- 5%) Attributable Production 984,889 2.0 million 2.0 million 2.0 mil
Slide 11: Operational Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Operational Highlights
Slide 12: Our Safety Culture – Safeground
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Our Safety Culture – Safeground Investing in protecting our people: • Proactive training initiatives, • Leaders engaging effectively with the workforce, • Verifying critical controls for high-risk tasks 12
Slide 13: Paracatu – Outstanding Quarter
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Paracatu – Outstanding Quarter • Largest producer in Q2 driving substantial free cash flow • Continued strong recoveries • Higher throughput over Q1 2026 • On track to meet 2026 guidance FY26 Operating Results Q2/26 H1/26 Guidance1 Produ
Slide 14: Tasiast – Excellent Quarter
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Tasiast – Excellent Quarter • Increased production over prior quarter due to higher throughput • Cost of sales in-line with Q1 2026 • On track to meet 2026 guidance FY26 Operating Results Q2/26 H1/26 Guidance1 Production 133,311 263,325
Slide 15: La Coipa – Delivering on plan
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 La Coipa – Delivering on plan • Production increased over the prior quarter due to higher grade and throughput • Cost of sales decreased compared to Q1 2026 • On track to meet 2026 guidance FY26 Operating Results Q2/26 H1/26 Guidance1 Pr
Slide 16: USA
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 USA Fort Knox, Alaska1 Bald Mountain, Nevada Round Mountain, Nevada United States Total Q2/26 H1/26 FY26 Guidance2 Attributable3 production 142,450 290,205 685,000 (Au eq. oz.) Production cost of sales ($/oz.)4 $1,893 $1,948 - Attributab
Slide 17: USA – Asset Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 USA – Asset Highlights Fort Knox, Alaska1 Bald Mountain, Nevada Round Mountain, Nevada • Strong contribution from both Fort • Production was in-line over prior • Currently in Phase S stripping stage Knox and Manh Choh, in-line over quart
Slide 18: Productivity Improvements
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Productivity Improvements • Paracatu: enhancements in Paracatu Round Mountain the mill to drive higher recoveries • Tasiast: improvements in mining, and milling. Continued benefit from solar power • Bald Mountain: shovel Tasiast optimiza
Slide 19: Projects & Exploration Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Projects & Exploration Highlights
Slide 20: Significant Resource Optionality
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Significant Resource Optionality Significant resource base for potential extensions at existing operations New growth projects that potentially contribute to the production profile through the end of the decade and beyond $2,000/oz Au $2
Slide 21: US Projects Update – Excellent Progress
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 US Projects Update – Excellent Progress Round Mt. Phase X Bald Mt. Redbird Curlew Nevada, USA Nevada, USA Washington, USA • Underground development well • Mining at Redbird advancing well • Tailings dewatering plant building advanced wit
Slide 22: Lobo-Marte – Project Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Lobo-Marte – Project Highlights Long-life, low-cost heap leach with strong margins • Robust economics: Strong margins, Project Economics1 $1,000/oz AISC, and excellent returns of $4.3B NPV and 26% IRR at $4,100/oz $3,500/oz $4,100/oz NPV
Slide 23: Lobo-Marte – Mining Overview
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Lobo-Marte – Mining Overview Efficient, large scale open pit mining and use of conveyors drives low estimated mining cost • Two large scale open pits mined sequentially in the Mine Area current mine plan (Preliminary rendering) • Large-s
Slide 24: Lobo-Marte – Processing Overview
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Lobo-Marte – Processing Overview Planned low-cost heap leach processing of 1.3 g/t ore drives strong forecast margins • Conventional heap leach1 with 35 ktpd three- Heap Leach Pad & Dry Area Infrastructure stage crushing (Preliminary ren
Slide 25: Lobo-Marte – Capital Estimate
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Lobo-Marte – Capital Estimate $1.8B initial capital delivering 4.6 Moz LOM production forecast Initial Capex Breakdown Site Infrastructure Marte pit Mine Mobile Equipment $115 M Primary crusher Mine Other $30 M Waste dump Covered conveyo
Slide 26: Lobo-Marte – Upside Potential
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Lobo-Marte – Upside Potential Gold porphyry system on Chile's prolific Maricunga belt provides significant upside • Current FS mine plan reserve inventory of 6.7 Moz based on 2021 FS study at $1,200 gold price Marte • Significant potenti
Slide 27: Great Bear Update
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Great Bear Update On schedule for first production in late 2029, subject to permitting MAIN PROJECT PERMITTING: • Federal and Provincial permitting continues to advance • Federally: o Impact Statement submitted, o Progressing through the
Slide 28: 2026 Key Milestones
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 2026 Key Milestones US Projects approved with economic update Great Bear Impact Statement submitted and all AEX permits received Lobo-Marte EIA Submitted with a Project Study update Paracatu - Updated Technical Report extending mine life
Slide 29: Delivering Shareholder Value
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Delivering Shareholder Value ✓ Strong production outlook ✓ Disciplined cost management ✓ Attractive relative cost position ✓ Generating significant cash flow ✓ Investment grade balance sheet ✓ Attractive dividend and share buyback ✓ Grow
Slide 30: Appendix
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Appendix
Slide 31: Endnotes
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 Endnotes 1) Kinross’ outlook, which is reported on an attributable basis including Kinross’ share of Manh Choh (70%), represents forward-looking information and users are cautioned that actual results may vary. Please refer to the Cautio
Slide 32: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 2026 Guidance Summary1 – Appendix A Attributable2 Production Guidance Annual attributable2 gold equivalent production guidance (+/- 5%) 2026 2.0 million oz. 2027 2.0 million oz. 2028 2.0 million oz. Attributable2 Production and Cost Guid
Slide 33: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 2026 Guidance Summary1 – Appendix A Attributable Capital Expenditures2 Guidance Breakdown Forecast 2026 Forecast 2026 Total 2026 2025 2025 2025 2025 Sustaining Non-Sustaining Forecast Sustaining Non-Sustaining Total Total Country Capital
Slide 34: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 2026 Guidance Summary1 – Appendix A Material assumptions used to forecast 2026 guidance, most notably relating to production cost of sales, are as follows: • a gold price of $4,500 per ounce; • a silver price of $65 per ounce; • an oil p
Slide 35: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 35
Slide 36: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 36
Slide 37: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 37
Slide 38: Mineral Reserve and Mineral Resource Statement Notes – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT NOTES – Appendix B 1) Unless otherwise noted, the Company's mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $2,000 per ounce and a silver pr
Slide 39: www.kinross.com Investor Relations
Kinross Gold Corporation (TSX:K; NYSE:KGC) Second Quarter 2026 www.kinross.com Kinross Gold Corporation (TSX: K; NYSE: KGC) Investor Relations (+1) 416-365-2854 InvestorRelations@Kinross.com