Investor Presentaiton
Kinross Gold Corporation
Manh Choh (70%)
On Track for Production in H2/24
Planned utilization of existing mill and
infrastructure at Fort Knox to process
Manh Choh ore
Construction activities remain on
schedule and on budget
Initial pre-stripping of the South Pit
began in mid-July
Mine operating permits received
Contracting and procurement activities
are now complete for the project site
Full production remains on track to
commence in the second half of 2024
November 2023
Manh Choh Reserve & Resource Estimates(1)
Tonnes
(thousands)
Grade
(Au g/t)
Ounces
(Au koz)
Probable Reserves
2,755
7.88
698
Indicated Resources
480
2.42
37
Inferred Resources
14
3.80
2
FS Results (1)
Attributable Basis
H2 2024
4-5
640,000 Au eq. oz.
Total pre-production capital expenditures (2)
$190 million
First production
Years of production
Total production contribution
KINROSS
Kinross Alaska (100% Fort Knox and Gil and 70% Manh Choh)
Average annual production (2024 - 2027)
Average grade processed (2024 - 2027)
All-in sustaining cost (3) (2024 - 2027)
~400,000 Au eq. oz.
0.45 g/t
$1,100 per Au eq. oz.
(1) Reported at the Kinross-owned 70% basis. See Kinross Q2 2022 press release dated July 27th, 2022 for detailed Manh Choh Feasibility Study results.
(2) Includes pre-production G&A, capitalized waste stripping, pre-purchase of ore haul fleet, and mill modifications. Attributable Basis 70% Manh Choh; 100% Fort Knox.42
(3) All-in sustaining cost per equivalent ounce sold is a non-GAAP ratio with no standardized meaning under IFRS and therefore, may not be comparable to similar
measures presented by other issuers. Refer to endnote #2View entire presentation