Investor Presentaiton
Kinross Gold Corporation
Who is Kinross?
✓ -
$
November 2023
вве
•
•
DIVERSIFIED
ASSET BASE
• >50% of production
from 2 top tier
assets (1)
Average Cost of
Sales of <$800/oz
from ~2/3rd of
production (2)
STABLE
PRODUCTION
OUTLOOK ~2MOZ
• Portfolio of mines
producing -2.0Moz
per year (3)
•
Plus a World
Development
Class
Project
Sizeable reserve
base >25 Moz(4)
•
STRONG
FINANCIAL
POSITION
.
Investment grade
•
balance sheet
•
Attractive dividend,
currently yielding
~2.2%(5)
•
ATTRACTIVE
VALUE
COMMITTED TO
RESPONSIBLE
MINING
Strong FCF yield of
-6.5%(6)
Strong consensus
recommendation;
majority "Buy" ratings
and average return
potential of 19% (7)
.
•
•
• Consistent leader in
ESG performance by
key rating agencies
• Tasiast solar project
on track for
completion by year-
end
• On track for 30%
reduction in GHG
intensity by 2030
(1) Top tier defined as assets with Life of Mine (LOM) into the next decade and annual production averaging greater than 500koz and AISC < $1000/oz
Calculated based on assets outside of the U.S.A and mid-point of 2023 production and cost of sales guidance
(2)
(5)
KINROSS
123050 |
(3)
Gold equivalent ounces (AuEq, oz)
(4)
Mineral reserves as at December 31st, 2022
As of November 22nd, 2023
(6)
Calculated as Share Price / 2023E Free Cash Flow Per Share. Source: S&P Capital IQ (incl. Kinross) of November 22nd, 2023. Value for Free Cash Flow Per
Share based on 2023E consensus as of November 22nd, 2023
As per Broker estimates available on Bloomberg as of November 22nd, 2023View entire presentation