Kinross Gold Corporation · TSX:K
Kinross Gold — Merrill Lynch 14th Annual Mining Conference 2008
16 slides from Kinross Gold's conference presentation, Sep 4, 2008
Slide 1: Merrill Lynch 14th Annual Mining Conference
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statements All statements, other than statements of historical fact, contained or incorporated by refere
Slide 2: Kinross Today / Focused Portfolio
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Kinross Today Pure gold and silver producer – Policy of no gold hedging – No base metals credits in financial results US$9.6 bn market cap. (“K” TSX, “KGC” NYSE)* 1.8 to 1.9 mm oz. of production in ’08(1)
Slide 3: Superior Production Growth Profile
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Superior Production Growth Profile Mineral Production(1) (mm oz. gold equivalent) 2.4 – 2.5 1.8 – 1.9 1.6 2007 2008E 2009E (1) Refer to final slide endnote #1. 5 Kupol(3) Started up on time in May 2008, commis
Slide 4: Paracatu Expansion Project
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Paracatu Expansion Project(4) Commissioning began on schedule in July First st p production oduct o eexpected pected in late ate Septe September be Full production expected by year-end ’08e gold producti
Slide 5: Ore stockpile / Milling facilities
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Ore stockpile 9 Milling facilities 10 5
Slide 6: Kettle River – Buckhorn / Fort Knox Expansion
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Kettle River – Buckhorn(5) Construction of surface facilities complete Mine access road ~90% complete p Mine development work continues – Focus divided between upper and main portals Start-up is on sched
Slide 7: Kinross' bid for Aurelian
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Kinross’ bid for Aurelian(7) Acquired 74.8% on Sept. 3rd Inferred resources: 13.7 oz ((8)) 13 7 mm oz. Unanimously endorsed by Aurelian Board Offer for remaining shares extended to Sept. 15th Next step
Slide 8: FDN deposit drilling & metallurgy
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 FDN deposit drilling & metallurgy(8,9) 1,300m strike length, up to 300m 9583900N wide and 400m in vertical thickness 125 drill holes, 83,000m of drilling Drilling in Q1 2008: in-fill holes aimed at moving
Slide 9: Ecuador: An Andean Country / Cerro Casale
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Ecuador: An Andean Country Population: 13.4 million (UN, 2005) Capital: Quito Area: ea 272,045 ,0 5 sq km (105,037 ( 05,03 sq miles) es) Major languages: Spanish, indigenous languages Major religion: Christianit
Slide 10: Focused Exploration Strategy / Proven and Probable Reserves
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Focused Exploration Strategy(11) Far East Russia N. American Cordillera Brazilian Craton Andean Operating and development properties Cordillera Exploration target (11) Refer to final slide endnote #11. 19 Proven
Slide 11: Q2'08 Highlights / Production & Costs
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Q2’08 Highlights Financial Year-over-year: revenue & margins up, costs higher Q2 vs vs. Q1: costs steady steady, production climbing (+22%) Declared $0.04/sh dividend (Sept. 23 ’08 record date) Projects
Slide 12: Kinross key objectives for 2008 / The Kinross difference
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Kinross key objectives for 2008 9 Increased reserves organically 9 Strengthened balance sheet with convertible financing 9 Fort F t Knox K optimization ti i ti approved d 9 Dividend declared 9 Produced f
Slide 13: Endnotes
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Endnotes (1) For further information on Kinross’ production and cost outlook for 2008 & 2009, please refer to Kinross release dated August 12, 2008, which can be found on our website at www.kinross.com (2) For f
Slide 14: Appendix: Q2 Operating results
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Appendix: 27 Q2 Operating results Mine Ounces Produced Ounces Sold Cost of Sales Cost of Sales (Au eq) (Au eq) (US$ mm) (US$/oz) Fort Knox 85,609 75,720 $34.4 $454 Round Mountain 65,570 67,538 $30.9 $458 Paracat
Slide 15: Q2'08 Financial Results / 2008 Outlook
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 Q2’08 Financial Results Adjusted net earnings(10) $55.8 mm ($0.09/sh) Minus: Foreign currency translation losses on $17 1 mm $17.1 future income and mining tax liabilities Unrealized non-hedge derivative los
Slide 16: Kinross Gold Corporation
Kinross Gold Corporation Merrill Lynch 14th Annual Mining Conference September 4-5, 2008 31 16
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