Kinross Gold Corporation · TSX:K

Kinross Gold — Merrill Lynch 13th Annual Mining, Metals & Steel Conference 2007

14 slides from Kinross Gold's conference presentation, Sep 6, 2007

  1. Slide 1: Delivering Disciplined Growth

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 September 2007 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statements All statements, other than statements of historical fact, contained or incorporated by reference in this presentation, including any info

  2. Slide 2: Kinross – Key Facts; Focused Portfolio

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Kinross – Key Facts ƒ 3rd largest N. American gold producer by reserves ƒ 9 operating mines, 5 countries – Chile, Brazil, United States, Russia, Canada ƒ 3 major projects in development ƒ 2007e production(2

  3. Slide 3: Proven and Probable Reserves; Reserve Growth History

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Proven and Probable Reserves(1) Gold (mm ozs) Silver (mm ozs) Copper (bn lbs) +83% +185% 2.8 45 69 25 24 0 2005 Current 2005 Current 2005 Current Gold Silver Copper (mm oz.) (mm oz.) (bn lb.) 2P Reserves 45

  4. Slide 4: 2P Gold Reserves; Superior Production Growth Profile

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 2P Gold Reserves(1) 17.1 16.8 Kinross’ reserves are focused in five high potential districts with rich mining histories. All are districts where Kinross has many years of operating experience. 5.6 3.5 2.3 C

  5. Slide 5: 2007 First Half Results; Expanding Cost of Sales Margins

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 2007 – First Half Results Realized COS Margin(3) Gold Price +21% Gold Equivalent Sales 816,716 +13% $317/oz $656/oz Revenue $535.8 mm Cost of Sales Earnings $121.5 mm +7% Per Share $0.24 $339/oz Cash Flow F

  6. Slide 6: Strong Financial Platform; Growth From Existing Regions

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Strong Financial Platform ƒ Strong financial position to build development projects and grow the business – ‘07e Capital expenditures(10): $660 million – ’07e Exploration and business development: $55 milli

  7. Slide 7: Projects Currently Under Construction; Expanding Paracatu

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 3 Projects Currently Under Construction ƒ Paracatu (Brazil; 100% Kinross) – ~557,000 ozs. of avg. annual gold production(5) (first 5 years) – 16.4 mm ozs. of gold in 2P reserves & 2.1 mm ozs. in M&I resourc

  8. Slide 8: Expanding Paracatu; Building Kupol

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Expanding Paracatu… ƒ Expansion to increase throughput to 60 mtpa – ~413,000 ozs. of annual average production (5) (first 5 years) ƒ On schedule for start-up in mid 2008 ƒ Physical construction approximatel

  9. Slide 9: Building Kupol; 2007 Kinross Guidance

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Building Kupol… ƒ Construction of Kinross’ newest mine – Open pit and underground mining, processing 3,000 tpd – ~ 413,000 ozs. of avg. annual gold equivalent production(6) (LOM) ƒ On track to begin operati

  10. Slide 10: Expanded Project Pipeline; Exploration Focus

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Expanded Project Pipeline Exploration Pre-Feasibility Feasibility Construction Production Kupol Paracatu Expansion Buckhorn: Kettle River Pancho: Maricunga Cerro Casale Fort Knox Heap Leach Gold Hill: Round

  11. Slide 11: Four Focus Regions; Key Exploration Initiatives

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Four Focus Regions Far East Russia N. American Cordillera Brazilian Craton Andean Operating and Development Cordillera Properties 21 Key Exploration Initiatives Fort Knox (Phase 7) Chukotka JV (K-E & K-W) R

  12. Slide 12: Ixhuatan Exploration JV – Mexico; Kinross Goals & Objectives 2007

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 Ixhuatan Exploration JV(12) – Mexico Cacate zone Porphyry Caracol zone Target Porphyry Target Central Cerro la Mina Porphyry Campamento DISCOVERY Western zone Deposit Gold Target Laguna Chica Gold Zone Lagu

  13. Slide 13: ML: Price to Estimated '08 Cash Flow; Price to NAV

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 ML: Price to Estimated ’08 Cash Flow 25.8 18.8 15.5 13.5 12.0 12.1 12.6 7.8 Yamana Barrick Go ld Kinro ss Buenavent ura Newmo nt Go ldco rp Meridian Agnico Eagle Source: Merrill Lynch Research: Gold & Preci

  14. Slide 14: The Kinross Advantage; Footnotes

    Kinross Gold Corporation Merrill Lynch Canada 13th Annual Mining Conference September 6, 2007 The Kinross Advantage Industry Kinross Today Challenge ƒ By 2009, over 40% of production to be High Cost Low Cost from new low-cost projects. Production Producer ƒ CoS Margin is up 209% while Gold is up 116

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