Kinross Gold Corporation · TSX:K
Kinross Gold — Shareholder Meeting (May 2023)
17 slides from Kinross Gold's shareholder meeting presentation, May 10, 2023
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 10th, 2023 Strength Value Growth
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: Senior Leadership Team
Senior Leadership Team Paul Rollinson Claude Schimper President & Executive Vice-President Chief Executive Officer & Chief Operating Officer Andrea Ned Jalil Freeborough Senior Vice-President & Executive Vice-President Chief Technical Officer & Chief Financial Officer Kathleen Grandy Geoff Gold Exec
Slide 4: Repositioned Americas Focused Portfolio
Repositioned Americas Focused Portfolio Fort Knox, USA Manh Choh, USA Two Top-Tier assets – Paracatu and Great Bear, Canada Tasiast account for >1Moz of production Toronto, Canada Bald Mountain, USA Round Mountain, USA World-class development project – Great Bear Tasiast, Mauritania Growing business
Slide 5: Our Culture
Our Culture Focusing on operational, project and exploration excellence Maintaining balance sheet strength and generating returns for our shareholders ESG embedded in our culture 5
Slide 6: Operational and Project Excellence
Operational and Project Excellence We will continue to focus on: Safely meeting production targets Striving to ensure high-margin production Maintaining a robust pipeline of organic growth opportunities 6
Slide 7: Great Bear – Advancing a World-Class Project
Great Bear – Advancing a World-Class Project Initial resource of 2.7 Moz indicated resources and 2.3 Moz inferred resources underscores excellent progress since the acquisition 225,000 metres of drilling completed in 2022 Drilling results continue to support the view of a high-grade, world-class dep
Slide 8: Strong Pipeline of Development Projects
Strong Pipeline of Development Projects Tasiast 24k Expansion Manh Choh Mauritania Alaska 8
Slide 9: Emphasis on Exploration
Exploration Emphasis on Exploration 336km of drilling completed in 2022; including 225km at Great Bear 2022 Highlights: Round Mountain, Curlew, Bald Mountain and Fort Knox 2022 Greenfields Exploration: Canada, Nevada and Finland 2023 Exploration Budget: $150 million 2023 Exploration Program Focus: G
Slide 10: 2022 Performance Highlights
2022 Performance Highlights(1) Produced ~2.0 million gold equivalent ounces Robust margins of $856/Au eq. oz. sold(2) Generated ~$1 billion in operating cash flow(3) Strong Liquidity and Cash Balance Returned over $450 million to shareholders (1) Refer to endnote #2. 10 (2) “Margins” from continuing
Slide 11: Q1 2023 Highlights
Q1 2023 Highlights(1) 466,022 oz. Strong production from Tasiast Attributable gold equivalent including record monthly production production in January and March $987/oz On plan production from Production cost of sales Paracatu, La Coipa, and US (Au eq. oz. sold)(2) $1,321/oz On track to achieve ful
Slide 12: Balance Sheet and Capital Returns
Balance Sheet and Capital Returns Strong Liquidity & Financial Flexibility • Investment grade credit ratings from three major agencies • Total liquidity(1) of ~$1.7 billion, including $471 million of cash and cash equivalents • Generating strong cash flow • Improving leverage profile Returning Capit
Slide 13: Commitment to ESG
Commitment to ESG Advanced Diversity, Equity and Updated ESG strategy focusing on three Inclusion strategy, achieving highest core pillars: workforce and community, percentage of women employees at natural capital, and climate change and Kinross in the last five years energy Highest ranked mining co
Slide 14: Continuing to Advance Climate Change Strategy
Continuing to Advance Climate Change Strategy Committed to 30% reduction in Scope 1 & Scope 2 GHG emission intensity by 2030 and achieving net-zero GHG emissions by 2050 Developing a 34MW solar power plant at Tasiast Power purchase agreement for 100% renewable power at La Coipa 14
Slide 15: Commitment to the Local Communities Where We Operate
Commitment to the Local Communities Where We Operate In 2022, we made almost $10 million in monetary and in-kind community investments in host countries $1 million donation to the Troth Yeddha’s Indigenous Studies Center at the University of Alaska Partnered with the local Indigenous Colla community
Slide 16: Strong Position to Deliver Future Value
Strong Position to Deliver Future Value Exciting pipeline of Sizeable mineral reserve and development projects and resource base exploration opportunities Substantial production base Investment grade balance producing annual production of 2 sheet with strong free cash million ounces(1) flow outlook
Slide 17: Endnotes
Endnotes 1) Kinross’ outlook represents forward-looking information and users are cautioned that actual results may vary. Please refer to the Cautionary Statement on Forward-Looking Information on slide 2 of this presentation. 2) Results presented are from continuing operations and exclude results f