Technical Report for the Maricunga Gold Mine - Kinross Gold

Kinross Gold CorporationMaricunga Mine Technical Report23.8 Economic AnalysesThe discounted cash flow analysis indicates that the mine generates a positive cash flow.The details of the economic and sensitivity analyses are considered by Kinross to beconfidential information. The economic models are considered as complete, reasonable, andmeeting generally accepted industry standards. This information is available and individualsseeking to review these models must request and sign a confidentiality agreement withKinross Gold Corporation.23.9 PaybackThis is not applicable to the producing operation.23.10 Mine LifeA complete Life-of-Mine plan was prepared based on the estimated mineral reserves. Themineral reserves are sufficient to support gold production until 2024 (see Table 23-3).Table 23-3: 2007 Life of Mine PlanYear 2008 2009 2010 2011 2012 2013 2014 2015Ore(tonnes) 15,400,000 16,051,200 17,234,805 17,259,980 17,285,155 17,285,155 17,285,155 17,285,155Stripratio 0.68 0.97 0.97 0.97 0.93 0.93 0.93 0.93Waste(tonnes) 10,471,820 15,610,696 16,717,761 16,742,181 16,075,194 16,075,194 16,075,194 16,075,194Grade(g/t) 0.77 0.82 0.80 0.78 0.80 0.78 0.69 0.64Recovery(%) 58.2% 56.2% 58.2% 63.9% 83.1% 77.8% 75.7% 74.0%Recov.ounces 222,753 239,048 257,383 278,076 371,321 335,893 290,088 264,647Totaltonnes 25,871,820 31,661,896 33,952,566 34,002,161 33,360,349 33,360,349 33,360,349 33,360,349Year 2016 2017 2018 2019 2020 2021 2022 2023 2024Ore(tonnes) 17,285,155 17,285,155 17,285,155 17,285,155 17,285,155 17,285,155 17,285,155 17,285,155 6,603,551Stripratio 0.93 0.93 0.93 0.93 0.93 0.38 0.16 0.23 0.21Waste(tonnes) 16,075,194 16,075,194 16,075,194 16,075,194 16,075,194 6,646,585 2,767,186 4,023,861 1,372,398Grade(g/t) 0.58 0.78 0.73 0.65 0.63 0.73 0.63 0.66 0.62Recovery(%) 71.4% 65.6% 57.9% 58.7% 75.3% 69.8% 72.4% 68.2% 68.0%Recov.ounces 231,371 285,514 234,528 213,115 262,729 283,548 253,468 251,302 89,768Totaltonnes 33,360,349 33,360,349 33,360,349 33,360,349 33,360,349 23,931,740 20,052,341 21,309,016 7,975,949110