Presentation - Kinross Gold
Presentation - Kinross Gold
Presentation - Kinross Gold
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APPENDIX<br />
RELATIVE VALUATION<br />
ENTERPRISE VALUE / 2013E EBITDA<br />
PRICE / NAV<br />
10.4<br />
1.37<br />
1.27 1.25 1.21<br />
1.00 0.95<br />
0.75<br />
8.2<br />
7.5<br />
6.9<br />
5.1<br />
4.2<br />
3.8<br />
GG AEM EGO AUY NEM ABX KGC<br />
AEM AUY GG NEM EGO ABX KGC<br />
www.kinross.com<br />
Source: Bank of America Merrill Lynch North America Precious Metals Weekly – May 10, 2013.<br />
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