2007 Full Report - Kinross Gold

Scope of reportIn this, our first company-wide corporate responsibility report,our goal has been to provide a balanced and comprehensive viewof Kinross’ performance across our global operations in key areasof social and environmental responsibility.Our approach providesa thorough account ofKinross’ environmental,social and economicperformance for the year.We have reported on the Global Reporting Initiative (GRI) G3 performance indicators thatare most relevant to our Ten Guiding Principles of Corporate Responsibility, our EnvironmentalPolicy, our Health and Safety Policy, and that link to the key indicators of the KinrossEnvironment, Health and Safety (EHS) Management System. We believe these addressthe environmental, social and economic issues of interest to our wide range of stakeholders.We have also included broad corporate performance targets for key areas including theworkplace, community, health and safety, and the environment. We intend to report on ourprogress in achieving these targets in future reports.Performance information is reported for the fiscal year ended December 31, 2007 andincludes 2005 and 2006 performance trends where available. We have reported onoperations and growth projects where Kinross held a majority ownership position and/orthose operations and joint ventures where Kinross was the operating partner responsiblefor management and operational performance for a majority of 2007. We believe thisapproach provides a thorough account of Kinross’ environmental, social and economicperformance for the year. For operations acquired by Kinross during the year, and thosein which we assumed a larger ownership position through our transaction with Bema GoldCorporation, completed in February 2007, we have reported performance for the full-year2007, with the exception of our Julietta mine in Russia, where we have reported onperformance from the acquisition date. Our data does not include the Kubaka mine inRussia, which became non-operational in 2006.With the closing of the asset swap transaction with Goldcorp on December 21, 2007,Kinross increased its ownership of the La Coipa mine from 50% to 100% and assumedoperational responsibility of the mine. Because Goldcorp was the operator of La Coipafor almost all of 2007, detailed performance data for La Coipa are not included in thisyear’s report, although we have included background information regarding an importantenvironmental remediation initiative at the mine (see pages 50-51). The Porcupine JointVenture and the Musselwhite mines in Ontario, Canada, both minority-owned minesoperated by Goldcorp, were divested as part of the Goldcorp transaction and are, thus,not included in this report.Page 06 Kinross 2007 corporate responsibility reportGoing forward, we will review our options and follow a reporting cycle that meets theinformation needs of our stakeholders and fits with the realities of our global organization.As our corporate reporting program evolves, we will also review the merits of third-partyverification as part of our corporate responsibility strategy.