Kinross Gold Corporation · TSX:K
Kinross Gold — Shareholder Meeting (May 2018)
29 slides from Kinross Gold's shareholder meeting presentation, May 9, 2018
Slide 1: 2018 Annual Meeting of Shareholders
2018 Annual Meeting of Shareholders 25 years of delivering value. 2
Slide 2: John E. Oliver, Chairman, Board of Directors
John E. Oliver2 Chairman, Board of Directors
Slide 3: J. Paul Rollinson, President & Chief Executive Officer
J. Paul Rollinson2 President & Chief Executive Officer
Slide 4: 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 5: Senior Leadership Team
Senior Leadership Team Gina Jardine Tony Giardini Lauren Roberts Paul Tomory Geoff Gold SVP, Human Resources Chief Financial Officer Chief Operating Officer Chief Technical Officer EVP, Corporate Development, External Relations & Chief Legal Officer
Slide 6: Celebrating 25 Years of Delivering Value
Celebrating 25 Years of Delivering Value
Slide 7: Delivering on our strategy
Delivering on our strategy Responsible mining Operational excellence Financial strength & discipline 7
Slide 8: Responsible Mining
Responsible Mining
Slide 9: Responsible Mining: Safety
Responsible Mining Safety is deeply ingrained in our daily operations
Slide 10: Responsible Mining: Values
Responsible Mining Overall approach built around 3 underlying values Be good to the environment Act ethically and transparently Make a positive contribution
Slide 11: Responsible Mining: Host Communities
Responsible Mining Building cooperative relationships with host communities
Slide 12: Responsible Mining: Stakeholders
Responsible Mining Working with stakeholders to make a positive impact
Slide 13: Operational Excellence
Operational Excellence
Slide 14: Consistently Meeting or Outperforming Targets
Consistently Meeting or Outperforming Targets 2012 2013 2014 2015 2016 2017 Met or exceeded annual production guidance Met or came in under annual cost guidance Met or came in under annual capital expenditures guidance 14
Slide 15: Delivered Strong Q1 Results
Delivered Strong Q1 Results Firmly on track to achieve 2018 guidance targets 2018E Guidance First Quarter (+/- 5%) Results Gold equivalent 2.5Moz. 654koz. production Cost of sales $730/oz. $658/oz. All-in sustaining cost $975/oz. $846/oz. Unless otherwise noted, gold equivalent production, cost of s
Slide 16: Global Operations
Global Operations Diverse portfolio of operations 20% Strong operating 2018E track record 2.5Moz. 60% gold equivalent ounces (+/- 5%) 20% 2018E production 2.5Moz. (+/- 5%) Americas West Africa Russia Development Project Operating mine For more information regarding our production outlook for 2018, p
Slide 17: Financial Strength & Discipline
Financial Strength & Discipline
Slide 18: Financial Strength & Flexibility
Financial Strength & Flexibility Strong position to fund projects with existing cash and liquidity Liquidity Position ~$1 billion of cash $1.6 billion of available credit $2.6 No debt maturities billion prior to 2021 Net debt to EBITDA: 0.6x Cash Available credit 18
Slide 19: Attractive Development Projects
Attractive Development Projects
Slide 20: Round Mountain Phase W
Round Mountain Phase W Expected to extend production to 2027 at one of our top-performing operations
Slide 21: Bald Mountain Vantage Complex
Bald Mountain Vantage Complex Expected to initiate production in the South Area of the property
Slide 22: Russia Satellite Deposits
Russia Satellite Deposits Moroshka expected to begin mining ore in H2 2018
Slide 23: Tasiast Phase One Nearing Completion
Tasiast Phase One Nearing Completion On track to reach 12,000 t/d by end of June 2018
Slide 24: Fort Knox Gilmore
Fort Knox Gilmore Promising opportunity to extend mine life 24
Slide 25: La Coipa Restart Project
La Coipa Restart Project Expect to initiate a feasibility study in mid-2018
Slide 26: Exploration
Exploration Continuing to explore high-potential targets at our existing mines
Slide 27: Tasiast Update
Tasiast Update Operated successfully with good government support for past 8 years Developed an excellent Mauritanian work force Tasiast Phase One nearing completion Balance sheet in a stronger position today than when Phase One construction began 27
Slide 28: Delivering on our strategy
Delivering on our strategy Responsible mining Operational excellence Financial strength & discipline 28
Slide 29: 2018 Annual Meeting of Shareholders
2018 Annual Meeting of Shareholders 25 years of delivering value. 2