2007 Full Report - Kinross Gold

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