Presentation - Kinross Gold

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PRINCIPLE TWO: QUALITY VERSUS QUANTITY 2013 PRODUCTION & COSTS OUTLOOK (3) • 2013 outlook shaped by continued focus on cost control, margin improvement and free cash flow • 2013 all-in sustaining cost (5) expected to be $1,100 - $1,200 per gold ounce Region Gold Production (000 oz. Au eq.) % of Total Production Production Cost of Sales ($/oz. Au eq.) South America 800 – 870 33% $870 – $940 North America 680 – 720 28% $635 – $675 West Africa (attributable) 415 – 480 18% $890 – $950 Russia 505 – 535 21% $550 – $580 Total Kinross: 2.4 – 2.6 million 100% Gold equivalent: $740 – $790/oz. By-product: $690 – $740/oz. Assumptions: Gold price - $1,600/oz; Silver price - $30/oz.; Oil price - $90/bbl; Foreign exchange rates of: 2.05 Brazilian reais to the US dollar, 1.00 Canadian dollar to the US dollar, 32 Russian roubles to the US dollar, 475 Chilean pesos to the US dollar, 2.00 Ghanian cedi to the US dollar, 290 Mauritanian ouguiya to the US dollar, and 1.25 US dollars to the Euro. Key Sensitivities: Taking into account existing currency and oil hedges, 10% change in foreign exchange could result in an approximate $9 impact on production cost of sales per ounce. A $10 change in the price of oil could result in an approximate $2 impact on production cost of sales per ounce. The impact on royalties of a $100 change in the gold price could result in an approximate $3 impact on production cost of sales per ounce. www.kinross.com (3) Refer to endnote #3. (5) Refer to endnote #5. 16 16
MAXIMIZING MARGINS & CASH FLOW THE KINROSS WAY FORWARD • 7 key areas form the basis of The Kinross Way Forward: 1. MINE PLAN OPTIMIZATION 2. CONTINUOUS IMPROVEMENT 3. COST MANAGEMENT & LABOUR PRODUCTIVITY 4. CAPITAL EFFICIENCY 5. SUPPLY CHAIN MANAGEMENT 6. ENERGY MANAGEMENT 7. WORKING CAPITAL MANAGEMENT • Prioritizing cash flow • Optimizing pushback widths, mine sequencing • Exploiting zero / low-capex productivity improvements • Reducing unit consumption • Implementing better cost controls • Improving contractor management • Re-evaluating capital requirements • Managing potential deferral risks • Identified $200 million in capex reductions in 2012 • Expanding globally-coordinated supply chain initiatives • Planning with greater accuracy • Establishing lower cost power purchase agreements • Reducing energy consumption • Enhancing inventory management • Reducing working capital requirements www.kinross.com 17 17
Page 1 and 2: May 14 -16 2013 KINROSS GOLD CORPOR
Page 3 and 4: KINROSS TODAY • Total gold resour
Page 5 and 6: OPERATIONAL FUNDAMENTALS OPERATING
Page 7 and 8: OPERATIONAL FUNDAMENTALS NORTH AMER
Page 9 and 10: OPERATIONAL FUNDAMENTALS SOUTH AMER
Page 11 and 12: OPERATIONAL FUNDAMENTALS WEST AFRIC
Page 13 and 14: OPERATIONAL FUNDAMENTALS RUSSIA •
Page 15: FOCUS ON COST MANAGEMENT CAPITAL DI
Page 19 and 20: MAINTAINING A STRONG BALANCE SHEET
Page 21 and 22: DISCIPLINED PROJECT DEVELOPMENT TAS
Page 23 and 24: DVOINOYE RUSSIA • Dvoinoye contin
Page 25 and 26: ENCOURAGING EXPLORATION RESULTS TAS
Page 27 and 28: TAKING RESPONSIBILITY MAINTAINING O
Page 29 and 30: APPENDIX www.kinross.com 29 29
Page 31 and 32: APPENDIX RELATIVE VALUATION ENTERPR
Page 33 and 34: UNITED STATES ROUND MOUNTAIN (50%)
Page 35 and 36: RUSSIA KUPOL (100%) • Completed t
Page 37 and 38: CHILE LA COIPA (100%) • Expect to
Page 39 and 40: MAURITANIA TASIAST (100%) • Open-
Page 41 and 42: ENDNOTES 1) For more information re

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