Technical Report for the Fort Knox Mine - Kinross Gold

Fort Knox Mine Technical Report17.0 MINERAL RESOURCE AND RESERVE ESTIMATESThe 2007 Mineral Resource and Reserve Estimates have been estimated usingMineSight, a mine modeling software program developed by Mintec Inc. Klaus Triebel,P.Geo., David Quandt and Chris Ekstrom, who are employees of FGMI, completed theestimates. Mineral reserve estimates were reviewed by Kevin Morris, P.Eng., Director ofMining Services, Kinross Gold Corporation.17.1 Mineral Resource and Reserve StatementThe mineral reserve and resource estimates prepared by FGMI personnel have beencompleted with consideration given to title, taxation, marketing, political, mining,permitting, environmental and socio-economic issues, as well as the amenability of themineralization to be processed by the mill at the Fort Knox mine. There are no adverseenvironmental or social issues that would affect the Company’s ability to develop thereserves on its properties, nor the resources above a mill cutoff grade. Conversion ofleach-grade resources into reserves was completed, as all the permits for heap leachwere received on or before October 31, 2007.Table 17-1 summarizes the Proven and Probable Mineral Reserves for the Fort Knoxmine December 31, 2007. Mineral reserves are estimated using an assumed gold priceof $550 US per ounce and are classified in accordance with the CIM Standards onMineral Resources and Reserves Definitions and Guidelines.Table 17-2 summarizes the Measured and Indicated Mineral Resources for the FortKnox mine and area as of December 31, 2007. Mineral resources are estimated using agold price of $625 US per ounce and are also classified according to the CIM Standards.Mineral resources as stated are exclusive of mineral reserves.52