Investor Presentaiton
Kinross Gold Corporation
Round Mountain
November 2023
Confirmed Future of Open-pit mining, Underground Work Advancing
W3
(study)
Gold Hill
(exploration)
(-8 km to north)
Phase X
Portal
(study)
W4
W2
(currently
mining)
UG
(moved to
resource)
Original
Phase W
Phase S
(project approved)
Ongoing mining of Phase W2
Phase S-production ramping-up in 2025
Construction of Phase X exploration decline is
progressing well with ~1,000m developed to date
Potential to exploit from UG at higher margin
Gold Hill - 2023 exploration program complete with
more drilling planned in Q4 2023 and next year
Operating Results
2022 Gold Reserve & Resource Estimates (2)
Tonnes
Grade
Ounces
2021
2022
Q3 YTD
(kt)
(g/t)
(koz)
2P Reserves
97,560
0.7
2,246
Production
(Au eq. oz.)
257,005
226,374
179,926
M&I Resources
119,736
0.9
3,293
Production cost of
Inferred
$908
$1,358
$1,549
sales ($/oz.) (1)
105,644
0.5
1,624
Resources
KINROSS
(1)
Refer to endnote #3
(2)
See Appendix B
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