Kinross Gold Corporation · TSX:K
Kinross Gold — Investor Presentation (March 2026)
86 slides from Kinross Gold's investor presentation, March 2026
Slide 1: Delivering Value.
Kinross Gold Corporation (TSX: K; NYSE: KGC) Delivering Value. March 2026
Slide 2: Cautionary Statement on Forward-Looking Information
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 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 performance of K
Slide 3: Cautionary Statement on Forward-Looking Information Continued
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Cautionary Statement on Forward-Looking Information Continued Certain forward-looking statements in this presentation may also constitute a “financial outlook” within the meaning of applicable securities laws. A financial outlook involves state
Slide 4: Table of Contents
Kinross Gold Corporation (TSX: K; NYSE: KGC) Table of Contents Company Overview 5 Great Bear 24 Operations & Projects 33 Sustainability 70 Appendix 75
Slide 5: Kinross: A Top Performing Senior Gold Producer
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Kinross: A Top Performing Senior Gold Producer LEADING OPERATIONAL FINANCIAL COMPELLING SUSTAINABILITY EXCELLENCE STRENGTH VALUE PERFORMANCE • Forecast Production: • Rigorous Cost and Capital • Peer leading leverage to • Consistent top performe
Slide 6: High Quality Portfolio of Assets
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 High Quality Portfolio of Assets Backed by Top Tier1 Mines and World Class Development Projects in Attractive Jurisdictions Fort Knox, U.S.A. Manh Choh, U.S.A. (70% Owned) Great Bear, Canada PEA7 Production: ~500koz/yr AISC8: ~$865/oz U.S.A Cur
Slide 7: Investment Case: Why Kinross?
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Investment Case: Why Kinross? Delivering Shareholder Value Compelling Value Consistent Operational Excellence ✓ 9.4% 2026E Free Cash Flow Yield %1 Rigorous Cost & Capital Discipline ✓ 7.8% 7.7% 7.3% 6.3% Strong Margins & Record Free Cash Flow ✓
Slide 8: Strong Capital Markets Presence
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Strong Capital Markets Presence Ownership Summary1 Stock Information Total Ownership Institutional Geographic New York Stock Exchange NYSE:KGC Ownership Toronto Stock Exchange TSX:K 6.2% 14.3% 6.7% United States Number of Common Shares Outstand
Slide 9: 2025 Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 2025 Highlights Delivered 2025 Guidance Paracatu & Tasiast • Strong Q4 and full-year results • 1.1 Moz combined production at strong margins • Consistent operational and financial performance driving significant cash flow • Achieved full-year p
Slide 10: Exceptional Operating Track Record
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Exceptional Operating Track Record Kinross has a longstanding track record of meeting or exceeding annual guidance metrics Kinross Peer1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Average Average Met production guidan
Slide 11: Cost Discipline Driving Strong Cash Flow
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Cost Discipline Driving Strong Cash Flow Attractive Relative Cost Position AND Strong Margins 2026 AISC Guidance1 Cost of Sales and AISC Margin2 US$/oz US$/oz $2,847 $1,935 $1,900 $1,885 $2,310 $1,855 $1,782 $2,204 $1,730 $1,475 $1,814 $2,319 $
Slide 12: Strong Free Cash Flow Metrics
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Strong Free Cash Flow Metrics 2025 Free Cash Flow1 vs. Total 2025 Free Cash Flow1 Per Ounce Gold Production2 of Total Gold Production2,3 US$/oz $7.3 $1,276 FCF (US$B) $1,237 $1,231 2025 Gold Production (Moz) $1,125 6.49 $1,023 $970 $4.4 $3.9 3.
Slide 13: Strengthening Financial Position
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Strengthening Financial Position Financial Strength Reduced Debt Profile • $700 million of total debt repaid in 2025 • No near-term debt maturities: $500 million (2033) and $250 million (2041) • $200 million – repaid the remaining term loan use
Slide 14: Peer Leading Leverage to Gold
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Peer Leading Leverage to Gold Superior Leverage to Gold 2024 Revenue by Commodity 2-Year Beta to Gold & GDX2 (% of Total)1 1.3 100% 1.2 Kinross Agnico 80% 1.1 Beta to GDX Barrick AngloGold Gold Fields 60% 1.0 Newmont Evolution 0.9 Wheaton 40% F
Slide 15: Attractive Valuation
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Attractive Valuation Trading at Compelling P/NAV and EV/EBITDA Multiples Price / Net Asset Value1 EV / EBITDA 20262 LT broker consensus 1.83x ~$3,300/oz Au 9.9x Kinross P/NAV range at spot3 1.57x 1.37x 7.7x 7.7x 1.25x 1.24x 6.7x 6.6x 1.08x 6.0x
Slide 16: Disciplined Capital Allocation Strategy
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Disciplined Capital Allocation Strategy 1 REINVESTING IN OUR BUSINESS 2025 ACTUAL 2026 TARGET • Sustaining Capex1 – maintaining operations safely and to world-class environmental standards $1,175M $1,500M • Growth Projects1 – pursuing attractiv
Slide 17: Expected Milestones
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Expected Milestones 1 2025 2026 2027 - 2030 Balance Sheet ✓ Bald Mt. ✓ US Projects update and ✓ Great Bear Round Mt. AEX Construction, Great Bear Repaid Term loan, proceeding to Phase X Pre-stripping at Detailed Eng., Construction and and Achie
Slide 18: Reserves and Resources
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Reserves and Resources Focus on High Quality Resource Growth • Pricing ‒ Reserve price increased from $1,600/oz to $2,000/oz, and ‒ Resource price increased from $2,000/oz to $2,500/oz • Proven & Probable Reserves – Added 1.2Moz, offsetting sig
Slide 19: Significant Resource Optionality
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 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 $2,500/oz
Slide 20: Portfolio & Grade Enhancement Strategy
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Portfolio & Grade Enhancement Strategy Long term vision of portfolio optimization stretching into the 2030s 2022 2022-2023 2024 2028 2028 2029 Early 2030s La Coipa Tasiast Round Mt. Manh Choh Curlew Great Bear Lobo-Marte Restart 21K/24K Alaska,
Slide 21: US Project Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 US Project Highlights Three US-based organic growth projects yielding significant incremental value Round Mt. Phase X Curlew Bald Mt. Redbird 2 Highlights1 Nevada, USA Washington, USA Nevada, USA NPV5% Cumulative addition of $4.3B at $4,500 $1.
Slide 22: Attractive Project Pipeline
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Attractive Project Pipeline Potential 2029+ Production Impact Tasiast UG and Additional Open Pit Great Bear Lobo-Marte Maricunga Ontario, Canada Chile Satellites Chile Laybacks Mauritania All Historical open pit heap Overview Potential long-lif
Slide 23: Kinross Exploration Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Kinross Exploration Highlights Kinross Exploration – Recent Spend History 2026 Exploration Priorities Property / Jurisdiction Exploration Thesis Annual Exploration Spend (US$M) 185 Great Bear, Ontario, Exploring for new zones of mineralization
Slide 24: Great Bear
Kinross Gold Corporation (TSX: K; NYSE: KGC) Great Bear National Indigenous Peoples Day Kinross’ Great Bear team partnered with the First Nations to participate in a learning opportunity on land- based teachings and knowledge sharing.
Slide 25: Great Bear – Project Location
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – Project Location Premier Mining Jurisdiction with Strong Infrastructure Highly Attractive Jurisdiction • 24 km southeast of town of Red Lake, Ontario Town of • Stable operating jurisdiction Red Lake Established Existing Footprint P
Slide 26: Great Bear – Current Update
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – Current Update AEX and Main Project Progressing Well On schedule for first production in 2029, subject to permitting ADVANCED EXPLORATION (“AEX”): • Surface construction progressing well with 80% complete • Construction of explorat
Slide 27: Great Bear – PEA Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – PEA Highlights PEA4 Highlights Both, Strong Economics and Positive Technical Attributes Positive Technical Attributes 518koz / Year $1.4B FCF1,2/Year ✓ Clean metallurgy – no deleterious elements Avg. Annual Production @ $4,500/oz o
Slide 28: Great Bear – Top Tier Production Profile
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – Top Tier Production Profile1 ~500koz per year production from the combined Open Pit and Underground operations >4 g/t Mill Grade Annual Mill Throughput (tonnes per day | g/t) Open Pit + Underground Underground + Stockpiles 15,000 6
Slide 29: Great Bear – High Grade Intercepts at Depth
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – High Grade Intercepts at Depth Drilling Beyond the PEA Inventory Shows Upside Potential for Resource Additions Discovery 4.5 km LP Central Viggo 500 m BR-893 2.1 m @ 5.14 g/t BR-894 1.9 m @ 3.64 g/t Drill Cutoff M&I Inf. BR-847 2.4
Slide 30: Great Bear – Regional Exploration
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – Regional Exploration Large 18km Trend With Limited Drilling to Date ~55km drill program planned for 2026 30
Slide 31: Great Bear – AEX Decline
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – AEX Decline Enables Efficient Drilling of Underground Material Conceptual Exploration Timeline 2023 2024 2025 2026 2027+ Resource Development Exploration Potential Delineation of New Discoveries Surface Construction Exploration Dec
Slide 32: Great Bear – Targeted Path to Production
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Great Bear – Targeted Path to Production Conceptual Project Development Timeline 23 ‘24 ‘25 ‘26 ‘27 ‘28 ‘29 AEX Surface Exploration Decline Construction Environmental Baseline ✓ MAIN PROJECT Initiated Federal Phased Permitting Process Project I
Slide 33: Operations & Projects
Kinross Gold Corporation (TSX: K; NYSE: KGC) Operations & Projects
Slide 34: Mauritania
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Mauritania 2026E Gold Equivalent Production1 Asset Highlights • Top-tier2 asset Mauritania United States • Low-cost mine 25% • Strong production profile supported by a large gold 34% reserve in a prospective district ~2.0Moz Tasiast • Expected
Slide 35: Mauritania – A World Class Mining Jurisdiction
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Mauritania – A World Class Mining Jurisdiction • Politically stable democracy which gained Canary Islands (Spain) Morocco independence in 1960 • Safe, secure jurisdiction with positive regional relations and strong US, French, and NATO presence
Slide 36: Tasiast
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Tasiast Low cost Mine Backed by a Substantial Reserve and Exploration Potential • Delivered another strong year of operational Operating Results and financial performance in 2025 2023A 2024A 2025A 2026E1 • Lowest cost operation driving robust f
Slide 37: Tasiast – Reserve and Mine Plan Update
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Tasiast – Reserve and Mine Plan Update • Tasiast life-of-mine plan has been updated on the back of the 2024 reserve update, has added ~100koz to the 2025-27 window • Updated mine plan reflects continued success increasing 2025-2027 production p
Slide 38: Tasiast West Branch Exploration
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Tasiast West Branch Exploration Tasiast West Branch – Strong Underground Potential - 2025 deep drilling shows mineralization continues at least 1.8km along strike and down plunge - Confirms strong continuity beyond current resource boundaries T
Slide 39: Brazil
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Mauritania Brazil 2026E Gold Equivalent Production1 Asset Highlights • Top-tier2 asset • Largest gold mine in Brazil, and one of the United States world’s largest gold Mauritania mining operations 25% • Attractive cost structure 34% and stable
Slide 40: Paracatu
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Paracatu Top-tier Gold Mine with Production extending into the Next Decade • Over 600koz produced in 2025 – highest Operating Results producer driving substantial cash flow 2023A 2024A 2025A 2026E1 • 8th consecutive year producing over Producti
Slide 41: Chile
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Chile 2026E Gold Equivalent Production1 Asset Highlights • High-margin production with strong cash flow La Coipa • La Coipa oxide United States extensions show Mauritania promising opportunities 25% to extend mine life 34% • World Class Develop
Slide 42: La Coipa – Met 2025 Production Guidance
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 La Coipa – Met 2025 Production Guidance • Improved production and cost performance Operating Results in Q4 2023A 2024A 2025A 2026E1 • Higher grades as mining continues through Production 260,138 246,131 231,770 210,000 Phase 7 higher-grade ore
Slide 43: Chile – Strong Production Outlook
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Chile – Strong Production Outlook Mined in succession, La Coipa & Lobo-Marte could enable production in Chile beyond 2040 Salares Norte (Gold N Fields), ~75km N • La Coipa and Lobo-Marte are located in Chile’s Atacama (Region III), approximatel
Slide 44: Lobo-Marte
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Lobo-Marte Potential to be a long-life, low cost, cornerstone asset with significant production • Offers excellent long-life production potential in Chile 2025 Reserve & Resource Estimates1 Tonnes Grade Ounces • Significant mineral reserve esti
Slide 45: United States
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 United States 2026E Gold Equivalent Production1 Asset Highlights Fort Knox, • High-grade production Alaska contribution from Manh Choh Fort Knox, Round Mt., & Bald Mt. United Round • Established production plan to Mauritania States Mountain, 20
Slide 46: Fort Knox
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Fort Knox High grade production contribution from Manh Choh • Full-year production higher relative to Operating Results 2024, given stronger and full-year contribution 2023A 2024A 2025A from Manh Choh Attributable1 production 290,651 334,519 35
Slide 47: Fort Knox Exploration
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Fort Knox Exploration Gil Satellite Deposit Close to Fort Knox Mill • Encouraging results demonstrating expanding Gil mineralization • Potential to supplement Fort Knox mill feed • Gil is ~12km from Fort Knox mill and was mined historically • 2
Slide 48: Round Mountain
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mountain Planned Future of Open-pit Mining, Underground Phase X Approved • Currently mining Phase S open pit • Phase X underground project approved in Q1 2026 • High margin, bulk tonnage UG opportunity • Extends operations to 2038 • Lower
Slide 49: Round Mt. Phase X – Project Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – Project Highlights Strong incremental value from a bulk tonnage underground operation • Larger Initial Underground R&R: Incremental Project Statistics1 • 1.2 Moz of Reserve at 3.2 g/t, $3,200/oz2 $4,500/oz2 • 0.2 Moz of M&I
Slide 50: Round Mt. Phase X – Mine Plan Details
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – Mine Plan Details Bulk tonnage underground operation with a gradual ramp up to ~5ktpd Estimated Average UG Tonnes Mined1 per day (ktpd) 2028 2029 2030 4.8 4.8 4.8 2031 5.0 4.6 4.7 4.7 2032 Upper 4.3 2033 4.0 2034 Zone 3.9 20
Slide 51: Round Mt. Phase X – Production and Cost profile
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – Production and Cost profile Significant incremental production at an average AISC1 of $1,697/oz at $4,500 Au Estimated Annual Underground Gold Production (koz Au Eq.) Estimated 2029-37 Average: 140koz 300 Underground Product
Slide 52: Round Mt. Phase X – Capital & Project Schedule
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – Capital & Project Schedule Capital focused on UG infrastructure; builds optionality for future extensions Initial CAPEX Breakdown Project Schedule 2026 2027 2028 2029 UG Development $145M Mining Equipment Transition from Con
Slide 53: Round Mt. Phase X – R&R Conversion to UG
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – R&R Conversion to UG Value add transition to higher grade underground mining at Phase X Proven & Probable1 Contained Au Moz 1.2 2024 Resource blocks 1.9 1.9 -1.1 ’24 Phase W Resource 2024 Add Phase X OP Resource 2025 open pi
Slide 54: Round Mt. Phase X – Strong exploration potential
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Round Mt. Phase X – Strong exploration potential Further upside potential via proximal growth and down-dip extensions LONG SECTION – LOOKING NORTH Mine Plan Inventory (light grey) • Mine Plan Inventory: • ~6,000 metres of development completed
Slide 55: Bald Mountain – Extending Production
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mountain – Extending Production • Mine plan currently optimized for near term Operating Results cash flow 2023A 2024A 2025A • Redbird Phase 1 mining continued to ramp up in Q4/25 Production 157,749 181,047 179,169 (Au eq. oz.) • Redbird Ph
Slide 56: Bald Mt. Redbird – Pits Overview
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. Redbird 2 – Pits Overview Combines the Redbird 2 anchor pit with five satellite pits, leveraging infrastructure Reserves1 by Pit Casino 14 koz¹ Redbird 1,009 koz¹ Poker 27 koz¹ Mooney North Leach Pad Expansion • Mooney leach pad expans
Slide 57: Bald Mt. Redbird – Project Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. Redbird 2 – Project Highlights Excellent economics, with longer-term optionality across Bald Mt.’s resource base • Extends Kinross in Nevada: Incremental Project Statistics1 • Robust AISC with strong returns $3,200/oz2 $4,500/oz2 • Ext
Slide 58: Bald Mt. Redbird – Production and Cost Profile
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. Redbird 2 – Production and Cost Profile High-productivity, low-cost additions extend Bald Mountain production to 2032 Redbird Phase 1 Redbird Phase 2 Incremental Mine Plan Stats1 Units Metric Tonnes Mined Mtonne 251 Strip Ratio x 3.0x
Slide 59: Bald Mt. Redbird – Capital & Project Schedule
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. Redbird 2 – Capital & Project Schedule Simple project – primarily mining and the required heap leach pad expansions Initial CAPEX Breakdown Project Schedule 2026 2027 2028 2029 Capitalized Waste $215M Redbird 2 Cap Waste Bald Heap Leac
Slide 60: Bald Mt. – Longer-term Optionality
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. – Longer-term Optionality Prolific Land Package with >40 historically mined pits with further potential extensions >40 Pits mined since 1870 Next Focus on large Resource at Top Pit Top Pit Resource Contained Tonnes Grade Ounces (000’s)
Slide 61: Bald Mt. Exploration
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Bald Mt. Exploration Bald Mountain Rat Satellite High grade opportunity • Two oriented core holes confirm mineralization with strong grade which remains open • Potential to supplement production from Redbird and Top “Anchor Pits” at Bald Mounta
Slide 62: Curlew – District Overview
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – District Overview Leveraging existing infrastructure for a quick restart in Washington State Curlew Mine Restart • Leverages historic K2 District Map mine (mined 1996-2005) 2.8Moz produced through the Kettle River Mill portal and under
Slide 63: Curlew – Project Highlights
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Project Highlights High-grade UG operation adding up to ~100koz/year of high-margin production • Excellent Returns: Incremental Project Statistics1 • High-grade UG deposit $3,200/oz2 $4,500/oz2 • Robust NPV and IRR at competitive cost
Slide 64: Curlew – Mine Plan Details
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Mine Plan Details Optimized to prioritize higher-value lower zone; deferring upper zone to the end of the LOM Estimated Average UG Tonnes Mined1 per day (ktpd) 2.0 Portal 1.8 1.8 Milling Capacity 1.8kptd 1.7 1.6 1.6 1.5 1.5 1.4 1.4 1.3
Slide 65: Curlew – Production and Cost Profile
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Production and Cost Profile Steady, long-life asset with further upside potential to enhance in mid-to-late 2030s Estimated Annual Production (koz Au Eq.) 150 Estimated First five full years averaging ~100koz/yr Focus on further explor
Slide 66: Curlew – Capital Summary
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Capital Summary Mining-focused project and leveraging existing infrastructure Initial CAPEX Breakdown • UG development for a growing mine: UG Development $120M • Development strategy reflects positive resource gain • Added investment t
Slide 67: Curlew – Mill & Tailings Overview
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Mill & Tailings Overview Simple process flowsheet; leveraging existing infrastructure Process plant summary New Primary Crusher • Transport: • Material from the Curlew mine to be New Feeder transported ~40km by road to the mill New Rod
Slide 68: Curlew – Project Schedule
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Project Schedule Quick restart leveraging existing infrastructure and successful early works Project Schedule 2026 2027 2028 2029 Final Permitting Permitting largely complete SEPA Expected Record of Decision Tailings Dam Height Mining
Slide 69: Curlew – Exploration Upside
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Curlew – Exploration Upside Targeting high-grade resource extension along the productive paleosurface • Development to Priority Targets: • Focused on developing to Priority Targets at Roadrunner and Stealth zones • Drilling underway: • Drilling
Slide 70: Sustainability
Kinross Gold Corporation (TSX: K; NYSE: KGC) Sustainability
Slide 71: Top Performer in Sustainability
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 (1) Top Performer in Sustainability Environment Social Governance BOARD SUCCESSION GHG INTENSITY 99% 0.33 Host Country Workforce • Strong Board Succession has • GHG intensity 677 kg CO2e/Au TRIFR (employees & brought in seven new directors eq.o
Slide 72: Our approach to Sustainability
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Our approach to Sustainability(1) “Sustainability and mining responsibly are at the core of our Kinross culture… you need an “on-the- ground,” people-focused approach, along with a clear strategy, strong governance and visible leadership at all
Slide 73: Consistently Earning Top-Quartile ESG Results
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Consistently Earning Top-Quartile ESG Results Our performance depends on our people, united by our four core values, and who are the heart of our success Environment – Strong track record on environmental compliance: water management, tailings
Slide 74: Reducing our Carbon Footprint
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Reducing our Carbon Footprint We are making green investments and constantly seeking efficiencies to help reduce our emissions profile • Committed to 30% GHG • More than 80% of our Scope 1 and Scope 2 intensity reduction in emissions come from
Slide 75: Appendix
Kinross Gold Corporation (TSX: K; NYSE: KGC) Appendix
Slide 76: Board of Directors and Executive Team
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Board of Directors and Executive Team Independent Directors Kelly J. George Kerry D. Glenn A. Ave G. Michael A. Candace Elizabeth D. George David A. Osborne Albino Dyte Ives Lethbridge Lewis MacGibbon McGregor Paspalas Scott Independent Directo
Slide 77: Senior Leadership Team Incentives
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 Senior Leadership Team Incentives(1) Total Direct Compensation Executive Compensation has four key objectives: At Risk Pay: ~80% (1) of CEO and aggregate NEO Total Direct • Align executive interests with Kinross’ long-term strategy and those of
Slide 78: Endnotes
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 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 Cautionary St
Slide 79: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 2026 Guidance Summary(1) – Appendix A Attributable(2) Production Guidance Annual attributable(2) gold equivalent production guidance (+/- 5%) 2026 2.0 million oz. 2027 2.0 million oz. 2028 2.0 million oz. Attributable(2) Production and Cost Gui
Slide 80: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 2026 Guidance Summary(1) – Appendix A Attributable Capital Expenditures(2) Guidance Breakdown Forecast 2026 Forecast 2026 Non- Total 2026 Forecast 2025 Sustaining 2025 Non- Sustaining Capital Sustaining Capital Capital 2025 Total Capital 2025 T
Slide 81: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 2026 Guidance Summary(1) – 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 price
Slide 82: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 82
Slide 83: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 83
Slide 84: Mineral Reserve and Mineral Resource Statement – Appendix B
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 MINERAL RESERVE AND MINERAL RESOURCE STATEMENT – Appendix B 84
Slide 85: Mineral Reserve and Mineral Resource Statement Notes – Appendix B
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 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 price of
Slide 86: www.kinross.com Investor Relations
Kinross Gold Corporation (TSX: K; NYSE: KGC) March 2026 www.kinross.com Kinross Gold Corporation (TSX: K; NYSE: K) Investor Relations (+1) 416-365-2854 InvestorRelations@Kinross.com