Kinross Gold Corporation · TSX:K
Kinross Gold — Shareholder Meeting (May 2022)
20 slides from Kinross Gold's shareholder meeting presentation, May 11, 2022
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 11, 2022 Strength Value Growth Kinross Gold Corporation
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained or incorporated by reference in or made in giving this presentation and responses to questions, including but not limited to any information as to the future performance of Kinross
Slide 3: Note Regarding the Use of Non-GAAP and Other Specified Financial Measures
Note Regarding the Use of Non-GAAP and Other Specified Financial Measures This presentation contains “specified financial measures” within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure. None of these specified financial measures have a standardized meanin
Slide 4: Senior Leadership Team
Senior Leadership Team Paul Rollinson Geoff Gold Andrea Paul Tomory Claude EVP, Corporate President & Development, External Freeborough EVP & Chief Technical Schimper Chief Executive Officer EVP & Chief Financial Officer EVP, Operations Relations & Chief Legal Officer Officer
Slide 5: Thank you to our colleagues in Russia and Ghana
Thank you to our colleagues in Russia and Ghana 5
Slide 6: Maintained 2022 Pro-forma Guidance
Maintained 2022 Pro-forma Guidance Gold equivalent production 2.15 million ~70% of production coming (ounces) (+/- 5%) out of the Americas Production cost of sales* $830 ($ per gold equivalent ounce) (+/- 5%) Expected to produce All-in sustaining cost* $1,150 2.15 million oz. in 2022, ($ per gold eq
Slide 7: Re-balanced Pro-forma Portfolio
Re-balanced Pro-forma Portfolio Fort Knox, USA Manh Choh, USA Two Tier One assets – Paracatu and Great Bear, Canada Toronto, Canada Tasiast – accounting for more than half Bald Mountain, USA Round Mountain, USA of production Tasiast, Mauritania Growing business in Chile Operations Development Projec
Slide 8: Continued Strategic Approach
May 17, 2022 CompanyStrategic Continued Strategy Approach Maintaining balance sheet strength Focusing on operational, project and exploration excellence Prioritizing ESG 8
Slide 9: Financial Strength
May 17, 2022 Financial Balance Strength Sheet Strength Focused on debt reduction Maintaining return of capital with dividends and share buybacks Re-investing in our portfolio and right-sizing capex planning Closely monitoring gold price and inflation 9
Slide 10: Operational and Project Excellence
Operational and Project Excellence Safely meet production targets Focus on costs to mitigate inflationary impacts Maximize margins 10
Slide 11: Development Projects Underpin Growth
Development Projects Underpin Growth Tasiast 24k La Coipa Lobo-Marte Manh Choh Mauritania Chile Chile Alaska
Slide 12: Advancing Great Bear
Advancing Great Bear Recent assay results are reaffirming thesis of a world-class deposit 200,000 metres of drilling focused on LP Fault zone expected in 2022 Plan to declare initial inferred mineral resource with year-end 2022 results Expect to begin pre-feasibility study in 2023
Slide 13: Focused on Exploration
May 17, 2022 Exploration Focused on Exploration Increased budget to support global programs Focused on high-quality brownfield targets within existing portfolio footprint and near infrastructure 13
Slide 14: 2021 Performance Highlights
2021 Performance Highlights Produced 2.07 million gold equivalent ounces Returned over $250 million to shareholders Robust margins of $965/Au eq. oz. sold 14
Slide 15: Q1 2022 Highlights
Q1 2022 Highlights 409,857 oz. Achieved record production at attributable gold equivalent Tasiast production $1,000/oz. $1,003/oz. attributable cost consolidated Poured first gold at La Coipa of sales cost of sales Released 2021 $1,245/oz. Sustainability Report and attributable all-in sustaining cos
Slide 16: Strong ESG Performance
May 17, 2022 Strong ESG Performance Generated $3.5 billion in economic benefits to host countries in 2021 16
Slide 17: Continuing to Advance Climate Change Strategy
Continuing to Advance Climate Change Strategy Committed to reducing intensity of Scope 1 & Scope 2 GHG emissions by 30% by 2030 and achieving net-zero GHG emissions by 2050 17
Slide 18: Focus on Environmental Stewardship
May 17, 2022 Focus on Environmental Stewardship Committed to protecting the environments where we operate Recycled 80% of water at our sites in 2021 Partnered with Trout Unlimited to safeguard biodiversity by creating the Alaska Abandoned Mine Restoration Initiative 18
Slide 19: Strong Position to Deliver Future Value
Strong Position to Deliver Future Value Substantial annual production outlook averaging 2 million Sizeable mineral reserve and resource base ounces over remainder of the decade Re-balanced portfolio, ~70% of Balance sheet strength with production expected from the robust cash flow Americas Exciting
Slide 20: Endnote
Endnote 1) For more information regarding Kinross’ production, cost and capital expenditures outlook for 2022, please refer to the news release dated May 10, 2022, which is available on our website at www.kinross.com. Kinross’ outlook for 2022 represents forward- looking information and users are ca