Technical Report for the Fort Knox Mine - Kinross Gold

Fort Knox Mine Technical Reportproduction when compared to 2006’s dewatering rate of 546 gpm. Mining activities in2007 were concentrated in the Phase 6 portion of the pit resulting in a loss of access tothe bottom of the pit for extended periods of time. Low water levels in the Fish Creekcauseway wells north of the pit resulted in shutting down one of the wells and operatingthe second at the static influx rate.Haul road access to Phase-6 will be from the northern end. With the expansion of thePhase 6 design to the north, the mine plan requires the subdivision of Phase 6 into northand south mining areas to balance the strip ratio. The first significant mill-grade ore willbe reached on north Phase 6 on the 1360 bench in the second half of 2008. To reachthe 1360 bench on the north side, roughly 13.2Mt of waste and 1Mt of leach ore will bestripped at an average rate of 44,000 tonnes per day. Fully sustainable mill feed fromthe north side of Phase 6 is expected by the 1240 bench.Due to the lowering of the economic cutoff grade by heap leach economics, certainmaterial that had been hauled to waste dumps in the past has been reclassified asStockpile reserves. Blasthole modeling indicates that the granite waste in the BarnesCreek and Fish Creek waste dumps grades 0.309g/t. In 2006, 65 rotary drillholes werecompleted on the Barnes Creek and 40 in Fish Creek waste dump, and confirmed theblasthole grade estimates for this material. As a result, 30.085 ktonnes of material inFish Creek grading 0.309g/t have been added to the “Stockpile” category of the Provenand Probable Reserves for year-end 2007.23.2 RecoverabilityMetallurgical recovery information is discussed in detail in Section 16 of this report.23.3 MarketsKinross will continue with current marketing arrangements at Fort Knox and does notenvision any concerns related to marketing doré.76