dedicated to being world class · 2015. 10. 15. · 0 500 1,000 1,500 2,000 1993 1994 1995 1996...

New York Institutional Gold ConferenceJune 2-3, 2004

dedicated to beingworld class

Forward Looking StatementForward Looking Statement

challenging opportunities require innovative strategies

Certain statements set forth in this presentation constitute "forward looking statements" within the meaning of the United States

Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that

may cause the actual results, performance or achievements to differ from those expressed or implied by such forward looking

statements. Such risks and uncertainties are described in periodic filings made by Kinross Gold Corporation with the U.S. Securities and Exchange Commission and Canadian provincial

securities regulatory authorities.

All dollar amounts used throughout this presentation are expressed in US dollars, unless otherwise noted.

0

500

1,000

1,500

2,000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004E

000'

s ou

nces

gol

d eq

uiva

lent

pro

duct

ion

Formation Nerco Falconbridge Macassa AMAX Echo Bay / TVX

Each transaction is a stepping stone…

Kinross Has GrownKinross Has Grown

Growth trend


Kinross is now a major gold producer, focused Kinross is now a major gold producer, focused in the Americasin the Americas

Concerns addressed:

Financial leverage –

Cash costs –

Reserve life –

Deliver on the deliverables

Kinross TodayKinross Today

strong balance sheet

comparable to other North American seniors

increasing year over year


Financial ResultsFinancial Results

$ 17.9

$ 0.04

$ 13.2

$ 155.6

2004 Q1

$ 92.7

$ 0.06

$ 19.7

$ 571.9

2003

$ 59.5Cash flow from operating activities

$ (0.32)Earnings (loss) per share

$ (38.2)Net earnings (loss)

$ 261.0Revenue

2002($ millions, except per share amounts)


Operating ResultsOperating Results

$ 403

$ 334

$ 241

397,011

2004 Q1

$ 357

$ 318

$ 222

1,620,410

2003

$ 306Gold price realized (per ounce)

$ 306Total costs (per ounce)

$ 201Total cash costs (per ounce)

888,634Gold equivalent production (ounces)

2002


• Buckhorn transaction, still in SEC domain

• Hedge book has now been eliminated at end of Q2/04

• Strengthened management team, Lars-Eric Johansson joined as CFO

Progress…Ongoing InitiativesProgress…Ongoing Initiatives


• Out of Greece

Growth from within

Attention to assets

Bench Strength

Proven transactionalcapabilities

Paracatu expansion, Gurupi

Optimize cash starved assets -Round Mountain, Kettle River

Strengthen management team by attracting and retaining quality employees

Corporate transactions where synergies can be realized

StrategyStrategy


Proven and Probable Reserve HistoryProven and Probable Reserve History

0

3

6

9

12

15

1997 1998 1999 2000 2001 2002 2003

Oun

ces

of g

old

(mill

ions

)

Canada USASouth America Rest of World


Kinross’ goal is the achieve an average 10+ year reserve life

-200 -100 0 100 200 300 400 500 600 700 800

AquariusLupin

New BritanniaBlanketCrixas

MusselwhiteLaCoipa

Kettle RiverPJV

BrasiliaRound Mtn

KubakaRefugio

Fort Knox

Reserve Ounces (000's)IncreasesDecreases

Total New 2P Reserves Added in 2003

Reserve Growth (excluding production)Reserve Growth (excluding production)


our global producing assetsKinross Gold CorporationKinross Gold Corporation


Fort Knox (100%)Alaska, USA (Open Pit)

New Britannia (50%)Manitoba, Canada (U/G)

Musselwhite (32%)Ontario, Canada (U/G)

Porcupine (49%)Ontario, Canada (Open Pit, U/G)Kettle River (100%)

Washington, USA (U/G)

Round Mountain (50%)Nevada, USA (Open Pit)

La Coipa (50%)Chile (Open Pit)

Refugio (50%)Chile (Open Pit)

Paracatu (49%)Brazil (Open Pit)

Crixas (50%)Brazil (U/G)

Blanket (100%)Zimbabwe (U/G)

Kubaka (98.1%)Magadan, Russia (Open Pit, U/G)

Lupin (100%)Alaska, USA (Open Pit)

Porcupine, Canada (49% Kinross)Porcupine, Canada (49% Kinross)

• “A” and “UM” Vein

• Discovered in ’03

• Mining in ‘04


PROPOSED PITOUTLINE

PROPOSED PITOUTLINE

WEST PITWEST PIT

#3 PIT#3 PIT

CENTRALZONE

2002 EXPLORATION DRILLING

2003 North Zone Discovery


Extending life…


100 Years of Mining100 Years of Mining

Hoyle Pond

Dome

Round Mountain, USA (50% Kinross, operator)Round Mountain, USA (50% Kinross, operator)


Fort Knox, USA (100%)Fort Knox, USA (100%)


Kubaka, Russia (98.1%)Kubaka, Russia (98.1%)


Restarting Refugio (50% Kinross, operator)Restarting Refugio (50% Kinross, operator)

Renewed life…


Renewed life…


project pipelineKinross Gold CorporationKinross Gold Corporation















Pamour, AquariusEmanuel, Buckhorn, Wind River

Gold Hill, Round Mountain U/G

Birkachan, Tsokol Gil

PQ Deeps

Forquilha Sul

Paracatu ExpanisionPuren

Gurupi

Exploration Pre-feasibility Feasibility Construction Production

Current Project PipelineCurrent Project Pipeline

Emanuel Creek

Refugio

Pamour

Paracatu Exp.

Puren

Gold Hill

BirkachanPQ Deeps

Gil

Tsokol

Emanuel North

Forquilha Sul

Gurupi

Aquarius

Round Mtn U/G

Buckhorn

Wind River

Proven & Probable ReservesMeasured & Indicated Resources

Progress January to December 2003

New/Pending AcquisitionNew Discovery

Certain statements set forth in this presentation constitute"forward looking statements" within the meaning of the

United States Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and

other factors that may cause the actual results, performance or achievements to differ from those expressed or implied by such forward

looking statements. Such risks and uncertainties are described in periodic filings made by Kinross Gold Corporation with the U.S. Securities and Exchange Commission and Canadian provincial

securities regulatory authorities.

All dollar amounts used throughout this presentation are expressed in US dollars, unless otherwise noted.

Forward Looking StatementForward Looking Statement

Kinross Gold Corporation Kinross Gold Corporation

Shares outstanding: 345.6 millionKGC: NYSE K: TSXK.U: TSX (US dollar trading symbol)K.WT: TSX

Kinross Gold Corporation40 King Street West, 52nd Floor

Scotia PlazaToronto, ON M5H 3Y2

416-365-5123416-363-6622866-561-3636

[email protected]

dedicated to beingworld class

dedicated to being world class · 2015. 10. 15. · 0 500 1,000 1,500 2,000 1993 1994 1995 1996...

Documents

Transcript of dedicated to being world class · 2015. 10. 15. · 0 500 1,000 1,500 2,000 1993 1994 1995 1996...