2007 Full Report - Kinross Gold

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LUIS ALBANOProject Manager, Paracatu Expansion“With the expansionproject extending the lifeof our Paracatu operationto 2040, we will be creatingjobs and economicopportunities in the localcommunity for manyyears to come.”Page 18 Kinross 2007 corporate responsibility report
Economic performanceOur commitment to corporate responsibility is built on a foundationof strong business performance and financial results. Our corporateachievements for 2007 included the following:• Record revenue of approximately $1.1 billion, a 21% increase over 2006• Production of approximately 1.6 million gold equivalent ounces, an 8% increase over 2006• Cash flow from operating activities for the year of $341 million, as we benefited fromhigher gold prices and increased production• The strongest balance sheet in Kinross’ history, with a cash and cash-equivalentposition of $551 million at year-end• Significant progress in our three major growth projects – Paracatu in Brazil, Kupol in Russia,and Kettle River-Buckhorn in the United States – which will all commence production in2008, and which are expected to increase overall production by 60% over 2007 levelswhen they reach full production in 2009• Completing our integration of the Bema acquisition• Closing a major asset swap with Goldcorp, which helped to streamline our portfolio,increase our ownership and operating control of our core mines, and reduce costs• Ranking as the top-performing senior gold producing equity by total shareholder returnson both the New York and Toronto stock exchanges for the second consecutive yearBy managing our operations and implementing our growth strategies in a disciplined, rigorousmanner, and by prudently focusing on being a profitable mining business, we will generatewealth for the benefit of all our stakeholders.We believe strongly that profitability and corporate responsibility go hand-in-hand. Themore we thrive as a successful business, the more value we will create for society,contributing to building infrastructure and economic capacity, and undertaking otherinitiatives with a positive social and economic impact. All of this, in turn, helps to secureour social license to operate, while driving future growth.For additionalinformation aboutour 2007 financial andoperating performance,see the 2007 KinrossAnnual Report availableat www.kinross.com.Revenue($ millions)725.5905.605 061,093.007Production(million ounces)1.6 1.61.505 0607Capital Expenditure($ millions)202.9142.405 06601.107Cash Flow($ millions)133.705292.006341.207Page 19 Kinross 2007 corporate responsibility report
Page 1 and 2: 072007CORPORATERESPONSIBILITY REPOR
Page 3 and 4: ...the Kinross WayThe growth of Kin
Page 5 and 6: A letter from Tye BurtPresident and
Page 7 and 8: Future ChallengesThere are a number
Page 9 and 10: We have addressedthe full range ofm
Page 11 and 12: Managing for corporate responsibili
Page 13 and 14: outine inspections, independent ass
Page 15 and 16: mining processing closure/reclamati
Page 17 and 18: Code of Business Conduct and Ethics
Page 19: stakeholders on issues of mutual co
Page 23 and 24: • Payments to Providers of Capita
Page 26 and 27: DaytrippersEnvironmentalEducationIn
Page 28 and 29: GUILLERMO CONTRERASDirector, Corpor
Page 30 and 31: OUR PEOPLE AND WORKPLACEAt the hear
Page 32 and 33: Page 30 Kinross 2007 corporate resp
Page 34 and 35: Occupational Health and WellnessOur
Page 36 and 37: Key Facts• Mandatory EHS training
Page 38 and 39: Compensation and BenefitsOf our glo
Page 40 and 41: The Quilombola andthe Paracatu Expa
Page 42 and 43: Our relationship withthe Colla peop
Page 44 and 45: At Round Mountain, employees are gi
Page 46 and 47: Reaching a LandmarkAgreement inWash
Page 48 and 49: KEVIN EPPERSSenior Environmental En
Page 50 and 51: Page 48 Kinross 2007 corporate resp
Page 52 and 53: Fort KnoxTailings OperationIn late
Page 54 and 55: Energy Use Intensity(Megajoules/ton
Page 56 and 57: Tailings, which consist of ground r
Page 58 and 59: Our Round Mountain and Maricunga op
Page 60 and 61: In partnership withChile’s Nation
Page 62 and 63: GlossaryAPELL The Awareness and Pre
Page 64 and 65: Awards and recognitionSelected as a
Page 66: Kinross Gold Corporation40 King Str

2007 Full Report - Kinross Gold

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