Kinross Gold Corporation · TSX:K
Kinross Gold — Shareholder Meeting (May 2019)
32 slides from Kinross Gold's shareholder meeting presentation, May 8, 2019
Slide 1: Annual General Meeting
Annual General Meeting May 8, 2019 Delivering Value. 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: Changes to Leadership Structure
Changes to Leadership Structure Increasing efficiency and cost management Streamlined Senior Leadership Team Supported by a team of seasoned Kinross leaders 3
Slide 4: Senior Leadership Team
Senior Leadership Team Paul Rollinson Geoff Gold Paul Tomory Andrea Freeborough President & EVP, Corporate Development, EVP & Chief Technical SVP & Chief Financial Chief Executive Officer External Relations & Chief Officer Officer Legal Officer
Slide 5: Leadership Advisory Team
Leadership Advisory Team Leveraging our internal talent and bench strength Laurence Davies Tom Elliott Benny Guidoni Finance, Operations Investor Relations & Treasurer & Projects Corporate Development Ed Opitz Andreas Mittler Safety & Sustainability Nathan Longenecker West Africa Operations Legal Mi
Slide 6: With almost 9,000 employees globally
With almost 9,000 employees globally…
Slide 7: We develop & operate high-quality assets in a variety of geographies
…we develop & operate high-quality assets in a variety of geographies
Slide 8: The strength of our global team is a key competitive advantage
The strength of our global team is a key competitive advantage
Slide 9: Delivering on our strategy
Delivering on our strategy Operational excellence Financial strength & discipline Responsible mining
Slide 10: Operational Excellence
Operational Excellence
Slide 11: Operational Excellence
Operational Excellence Begins with an unwavering focus on safety Long history as one of the industry’s safest operators 2018 was our best year for safety performance
Slide 12: Operational Excellence
Operational Excellence Seven years of meeting or exceeding guidance targets 2012 2013 2014 2015 2016 2017 2018 Met or exceeded annual production guidance Met or came in under annual cost guidance Met or came in under annual capital expenditures guidance
Slide 13: 2019E Production & Cost Outlook
2019E Production & Cost Outlook Forecasting another strong year from operations 2018 Results 2019 Outlook(1) 2.45Moz. 2.5Moz. (+/- 5%)(2) gold equivalent production gold equivalent production $734/oz. $730/oz. (+/- 5%)(2,3) cost of sales cost of sales $965/oz. $995/oz. (+/- 5%)(3) all-in sustaining
Slide 14: Strong Q1 Operating Results
Strong Q1 Operating Results Excellent performance at our 3 largest operations Tasiast Kupol-Dvoinoye Paracatu Mauritania Russia Brazil
Slide 15: Adding Value Through Continuous Improvement
Adding Value Through Continuous Improvement Paracatu, Brazil
Slide 16: Financial Strength & Discipline
Financial Strength & Discipline
Slide 17: Financial Strength & Flexibility
Financial Strength & Flexibility Investing in our future Strategic investments Liquidity Position adding value to our portfolio As at $1.9 billion of liquidity Dec. 31, 2018 No debt maturities $1.9 prior to 2021 billion Net debt to EBITDA: 1.4x Cash Available credit
Slide 18: Attractive Development Projects
Attractive Development Projects
Slide 19: Advancing our Project Pipeline
Advancing our Project Pipeline Steadily progressing through the stages of development Project Studies Construction / Commissioning Complete Execution La Coipa Restart Fort Knox Bald Mountain Tasiast Phase Gilmore Vantage One Complex Lobo-Marte Dvoinoye Zone 1 Moroshka Round Mountain Tasiast Phase W
Slide 20: Tasiast Phase One Exceeding Expectations
Tasiast Phase One Exceeding Expectations Two consecutive quarters of record production
Slide 21: Tasiast Expansion Update
Tasiast Expansion Update Evaluating lower capital throughput alternatives Phase Two remains a viable option Evaluating alternatives to increase throughput with substantially lower capital
Slide 22: Fort Knox Gilmore
Fort Knox Gilmore Extending mine life at our large mine in Alaska
Slide 23: Bald Mountain Vantage Complex
Bald Mountain Vantage Complex Commissioning of the processing circuit commenced in Q1
Slide 24: Round Mountain Phase W
Round Mountain Phase W Extending production at a top-performing operation
Slide 25: Chile Projects
Chile Projects N Pipeline of future opportunities La Coipa Restart project Expect to complete feasibility study at La Coipa in Q3 2019 Completed Lobo-Marte scoping study; indicated potential mine of 10+ years Lobo-Marte project Now advancing to a pre-feasibility study Maricunga mine 33 km
Slide 26: Extending Mine Life Through Exploration
Extending Mine Life Through Exploration Focused on adding ounces to existing operation Added 2.3Moz. to proven and probable reserves(4) Replenished inferred resources by adding ~1Moz.(4) Exploration priorities include Kupol, Chirano and Bald Mountain (4) Additions before depletion or engineering cha
Slide 27: Responsible Mining
Responsible Mining
Slide 28: Managing Our Environmental Footprint
Managing Our Environmental Footprint Maintaining highest standards for tailings management All of our facilities are designed, constructed and maintained to the highest standards Regular reviews of all facilities Results reported to senior management and Board of Directors
Slide 29: Making a Positive Impact
Making a Positive Impact Seeking measurable improvements in community well-being
Slide 30: Making a Positive Impact
Making a Positive Impact Seeking measurable improvements in community well-being In 2018, more than 800,000 beneficiaries from community programs supported by Kinross
Slide 31: Delivering on our strategy
Delivering on our strategy Operational excellence Financial strength & discipline Responsible mining
Slide 32: Endnotes
Endnotes 1) For more information regarding Kinross’ production, cost and capital expenditures outlook for 2019, please refer to the news releases dated February 13, 2019 and May 7, 2019, both of which are available on our website at www.kinross.com. Kinross’ outlook for 2019 represents forward-looki