TORONTO, Oct. 27 /CNW/ - Kinross Gold Corporation ("Kinross" or the
"Company") (TSX-K; NYSE-KGC) is pleased to announce that, effective
immediately, John K. Carrington and Catherine McLeod-Seltzer have joined
Kinross' Board of Directors as independent board members.
Mr. Carrington is a retired mining executive with over 36 years of
experience in the mining industry. He has held many senior executive
positions, including most recently Vice Chairman of Barrick Gold Corporation
("Barrick") until his retirement on December 31, 2004. Between 1995 and 2004
he also held the positions of President, Chief Operating Officer & Director
and Executive Vice President, Operations at Barrick. Before joining Barrick,
Mr. Carrington was Executive Vice President, Mining at Noranda and President
and Chief Executive Officer of Brunswick Mining and Smelting. Mr. Carrington
is a Director of the Canadian Mineral Industry Education Foundation, Honorary
Chairman of the Prospectors and Developers Association of Canada, past
Director of the Gold Institute, past Chairman and Director of the Mining
Association of Canada and a former member of the Lassonde Mineral Engineering
Program at the University of Toronto. Mr. Carrington is a Mining Engineer with
a Master of Engineering (Mining) from McGill University and is a member of the
Association of Profession Engineers of Ontario and the Canadian Institute of
Mining & Metallurgy. In 2003, Mr. Carrington received the "Selwyn G. Blaylock
Award" from the Canadian Institute of Mining & Metallurgy for distinguished
service to Canada through exceptional achievement in the field of mining.
Ms. McLeod-Seltzer brings an extensive knowledge of mining finance,
exploration in Latin America, mergers, acquisitions and negotiations to
Kinross' Board. Ms. McLeod-Seltzer has over 20 years of experience in the
mining industry and is currently President and Director of Pacific Rim Mining
Corporation, a position she has held since 1997. Ms. McLeod-Seltzer has worked
extensively in Latin America on both the resource and finance side of the
industry with a particular emphasis on Peru where she is currently involved in
the financing and development of two large mining projects. Previously, she
was President, Chief Executive Officer of Arequipa Resources Ltd., one of the
most successful mining exploration companies in Peru. Ms. McLeod-Seltzer grew
the company from a capitalization of Cdn $5 million to over Cdn $1.1 billion
when it was taken over by Barrick in 1996. Ms. McLeod-Seltzer is a co-founder
of Stornoway Diamond Corporation, one of the largest landholders for diamond
exploration in Canada. Stornoway has discovered 15 diamondiferous kimberlites
since 2003. In 1999, she was named the Northern Miner's "Mining Man of the
Year" and in 1997 she was given the "Award for Performance" by the Association
of Women in Finance. She has also held a position on the Financial Post's
"Power 50" since 2002. Ms. McLeod-Seltzer holds a Bachelor of Business
Administration from Trinity Western University.
Arthur Ditto and Cameron Mingay have stepped down from the Board of
Directors. Mr. Ditto has been a director since 1993 and was President and
C.O.O. Mr. Mingay was a director from 2001 to 2004.
"We are extremely pleased to continue to strengthen Kinross by adding the
operational skills and exploration expertise that John and Catherine bring to
the Board. These attributes emphasize our commitment to operational excellence
and the future growth of the Company," said Tye Burt, President and Chief
Executive Officer of Kinross. "I would like to thank Art Ditto and Cameron
Mingay for their distinguished service to the Company since its inception."
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