Kinross Gold Corporation · TSX:K

Kinross Gold — Scotia Capital Precious Metals Conference 2008

14 slides from Kinross Gold's conference presentation, Dec 2, 2008

  1. Slide 1: Delivering Disciplined Growth

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Scotia Capital Precious Metals 2008 December 2nd, 2008 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained or incorporat

  2. Slide 2: Distinguishing Kinross

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Distinguishing Kinross ƒ Pure gold / silver producer – Policy of no gold hedging – No base metals in financial results ƒ Strong St financial fi i l position iti – $9.7 bn market capitalization* – Strong balance sheet – L

  3. Slide 3: Q3'08 Results

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Q3’08 Results Realized COS Margin(5) Gold equivalent production 551,510 oz. Gold Price +49% +25% $451/oz $857/oz Gold equivalent sales 533,614 oz. Revenue $503.7 mm Cost of Sales +6% Earnings $64.7 mm $406/oz per share $

  4. Slide 4: Focused Portfolio

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Focused Portfolio Kupol Fort Knox Kettle River Round Mountain Ixhuatan Fruta del Norte Crixas P Paracatu t La Coipa Operating asset Lobo-Marte Development project Maricunga Key exploration project Cerro Casale 7 Proven a

  5. Slide 5: 2P Gold Reserves

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 2P Gold Reserves(4) ƒ Kinross’ reserves are focused in five high potential districts with rich mining histories. 18.5 18.4 ƒ All are districts where Kinross has many years of operating experience experience. 6.2 32 3.2 C

  6. Slide 6: Superior Production Growth Profile

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Superior Production Growth Profile Mineral Production(3) (mm oz. gold equivalent) 2.4 – 2.5 1.8 – 1.9 1.6 2007 2008E 2009E (3) Refer to final slide endnote #3. 11 Kupol(8) ƒ Operations began June 1, 2008 ƒ Mill throughpu

  7. Slide 7: Paracatu Expansion Project

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Paracatu Expansion Project(9) ƒ First gold poured in October ƒ Commissioning Co ss o g o of S SAGG mill,, first s ba ball mill,, crushing and floatation circuits is complete ƒ Expect to be producing at 60% capacity by ye

  8. Slide 8: Fort Knox Expansion

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Fort Knox Expansion(11) ƒ Approximately 78% complete ƒ Construction of heap leach pad concluded for the season; scheduled h d l d tto restart t t iin th the spring. i ƒ Construction on the carbon-in-column plant continui

  9. Slide 9: Lobo-Marte Deposit

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Lobo-Marte Deposit(12) ƒ Development stage asset with large resource (2P: 1.39 g/t)(4) ~110 ƒ Located in the Maricunga district, district km near current Kinross operations (M&I: 1.72 g/t)* ƒ Prior mining activities shut

  10. Slide 10: Cerro Casale

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Cerro Casale(13) ƒ One of the largest undeveloped gold-copper deposits in the world ƒ Kinross share: 49% - 2P Reserves(4) 11.2 mm oz. Au 2.8 bn lbs. Cu ƒ Next steps: i) Finalize JV with Barrick ii)) Updating, p g drillin

  11. Slide 11: Growing Production…

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Growing Production… ƒ Start-up of three new mines driving production growth +66% +35% % change +12% +7% -1% -1% Kinross Agnico-Eagle Barrick Goldcorp Newmont Yamana % change in production : Q1/08 vs. Q3/08 Source: Compan

  12. Slide 12: Growth in cost of sales margin

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 Growth in cost of sales margin ƒ Kinross’ cost of sales margin growth has outpaced peers KGC +326% NEM +273% 273% ABX +186% GG +172% 2002 2003 2004 2005 2006 2007 YTD 08 Source: Company reports 23 Kinross Key Objectives

  13. Slide 13: The Kinross difference

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 The Kinross difference Industry Challenge Kinross • Building new mines will increase ’09e production by Declining global ~55% from ’07(3) production • Aggressive portfolio upgrades • Adding to pipeline of projects • Marg

  14. Slide 14: Endnotes

    Kinross Gold Corporation Scotia Capital Precious Metals 2008 December 2nd, 2008 27 14

Kinross Gold — Scotia Capital Precious Metals Conference 2008 on 6ix