Kinross Gold Corporation · TSX:K
Kinross Gold — New York Institutional Gold Conference 2004
32 slides from Kinross Gold's conference presentation, Jun 3, 2004
Slide 1: New York Institutional Gold Conference
New York Institutional Gold Conference June 2-3, 2004 dedicated to being world class
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements set forth in this presentation constitute "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that may cause the actual resul
Slide 3: Kinross Has Grown
Kinross Has Grown 2,000 trend 1,500 r owth G equivalent production 000's ounces gold 1,000 500 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004E Formation Nerco Falconbridge Macassa AMAX Echo Bay / TVX Each transaction is a stepping stone… challenging opportunities require innovative st
Slide 4: Kinross Today
Kinross Today Kinross is now a major gold producer, focused in the Americas Concerns addressed: ¾ Financial leverage – strong balance sheet 9 ¾ Cash costs – comparable to other North American seniors 9 ¾ Reserve life – increasing year over year 9 ¾ Deliver on the deliverables challenging opportuniti
Slide 5: Financial Results
Financial Results ($ millions, except per share amounts) 2004 Q1 2003 2002 Revenue $ 155.6 $ 571.9 $ 261.0 Net earnings (loss) $ 13.2 $ 19.7 $ (38.2) Earnings (loss) per share $ 0.04 $ 0.06 $ (0.32) Cash flow from operating activities $ 17.9 $ 92.7 $ 59.5 challenging opportunities require innovative
Slide 6: Operating Results
Operating Results 2004 Q1 2003 2002 Gold equivalent production (ounces) 397,011 1,620,410 888,634 Total cash costs (per ounce) $ 241 $ 222 $ 201 Total costs (per ounce) $ 334 $ 318 $ 306 Gold price realized (per ounce) $ 403 $ 357 $ 306 challenging opportunities require innovative strategies
Slide 7: Progress…Ongoing Initiatives
Progress…Ongoing Initiatives • Out of Greece • Buckhorn transaction, still in SEC domain • Hedge book has now been eliminated at end of Q2/04 • Strengthened management team, Lars-Eric Johansson joined as CFO challenging opportunities require innovative strategies
Slide 8: Strategy
Strategy Growth from within Paracatu expansion, Gurupi Optimize cash starved assets - Attention to assets Round Mountain, Kettle River Strengthen management team Bench Strength by attracting and retaining quality employees Proven transactional Corporate transactions where capabilities synergies can
Slide 9: Proven and Probable Reserve History
Proven and Probable Reserve History 15 Canada USA South America Rest of World 12 Ounces of gold (millions) 9 6 3 0 1997 1998 1999 2000 2001 2002 2003 Kinross’ goal is the achieve an average 10+ year reserve life challenging opportunities require innovative strategies
Slide 10: Reserve Growth (excluding production)
Reserve Growth (excluding production) Total New 2P Reserves Added in 2003 Fort Knox Refugio Kubaka Round Mtn Brasilia PJV Kettle River LaCoipa Musselwhite Crixas Blanket New Britannia Lupin Aquarius -200 -100 0 100 200 300 400 500 600 700 800 Increases Reserve Ounces (000's) Decreases challenging op
Slide 11: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 12: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 13: Porcupine, Canada (49% Kinross)
Porcupine, Canada (49% (49% Kinross) Kinross) • “A” and “UM” Vein • Discovered in ’03 • Mining in ‘04 challenging opportunities require innovative strategies
Slide 14: Extending life…
Porcupine, Canada (49% (49% Kinross) Kinross) Extending life… CENTRAL 2003 North Zone ZONE Discovery 2002 EXPLORATION DRILLING #3 PIT PROPOSED PIT OUTLINE WEST PIT
Slide 15: 100 Years of Mining
Porcupine, Canada (49% (49% Kinross) Kinross) 100 Years of Mining Hoyle Pond Dome
Slide 16: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 17: Round Mountain, USA (50% Kinross, operator)
Round Mountain, USA (50% (50% Kinross, Kinross, operator) operator) challenging opportunities require innovative strategies
Slide 18: Round Mountain, USA (50% Kinross, operator)
Round Mountain, USA (50% (50% Kinross, Kinross, operator) operator) challenging opportunities require innovative strategies
Slide 19: Round Mountain, USA (50% Kinross, operator)
Round Mountain, USA (50% (50% Kinross, Kinross, operator) operator) challenging opportunities require innovative strategies
Slide 20: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 21: Fort Knox, USA (100%)
Fort Knox, USA (100%) (100%) challenging opportunities require innovative strategies
Slide 22: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 23: Kubaka, Russia (98.1%)
Kubaka, Russia (98.1%) (98.1%) challenging opportunities require innovative strategies
Slide 24: Kubaka, Russia (98.1%)
Kubaka, Russia (98.1%) (98.1%) challenging opportunities require innovative strategies
Slide 25: Our Global Producing Assets
Kinross Gold Corporation Fort Knox (100%) our global producing assets Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Lupin (100%) Alaska, USA (Open Pit
Slide 26: Restarting Refugio: Renewed life…
Restarting Refugio (50% (50% Kinross, Kinross, operator) operator) Renewed life… challenging opportunities require innovative strategies
Slide 27: Restarting Refugio: Renewed life…
Restarting Refugio (50% (50% Kinross, Kinross, operator) operator) Renewed life…
Slide 28: Restarting Refugio: Renewed life…
Restarting Refugio (50% (50% Kinross, Kinross, operator) operator) Renewed life…
Slide 29: Project Pipeline
Kinross Gold Corporation Fort Knox (100%) project pipeline Alaska, USA (Open Pit) New Britannia (50%) Manitoba, Canada (U/G) Musselwhite (32%) Ontario, Canada (U/G) Porcupine (49%) Kettle River (100%) Gil Ontario, Canada (Open Pit, U/G) Washington, USA (U/G) Birkachan, Tsokol PQ Deeps Emanuel, Buckh
Slide 30: Current Project Pipeline
Current Project Pipeline Exploration Pre-feasibility Feasibility Construction Production Emanuel Creek Refugio Pamour Paracatu Exp. Puren Gold Hill Birkachan PQ Deeps Gil Measured & Indicated Resources Tsokol Proven & Probable Reserves Progress January to December 2003 Emanuel North New Discovery Fo
Slide 31: Forward Looking Statement
Forward Looking Statement Certain statements set forth in this presentation constitute "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that may cause the actual resul
Slide 32: Dedicated to being world class
Kinross Gold Corporation dedicated to being world class Kinross Gold Corporation Shares outstanding: 345.6 million 40 King Street West, 52nd Floor Scotia Plaza KGC: NYSE K: TSX Toronto, ON M5H 3Y2 K.U: TSX (US dollar trading symbol) 416-365-5123 K.WT: TSX 416-363-6622 866-561-3636 www.kinross.com in
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