Investor Presentaiton

Kinross Gold Corporation Attractive Valuation Trading at Compelling Cash Flow and EBITDA Metrics P/2023E Operating Cash Flow Per Share(1) November 2023 Enterprise Value / 2023E EBITDA(2) 9.7x 9.4x 9.3x 9.1x 7.3x 7.2x 6.7x 6.5x Agnico Northern Star Evolution (1) KINROSS (2) Newmont Barrick Endeavour AngloGold Gold Fields Kinross 4.6x 11.1x 9.5x 8.8x 8.3x 7.2x 6.0x 5.7x 5.7x 5.1x Newmont Evolution Northern Star Agnico Barrick AngloGold Gold Fields Calculated as Share Price / 2023E Operating Cash Flow Per Share. Source: S&P Capital IQ (incl. Kinross) of November 22nd, 2023. Values for Operating Cash Flow Per Share based on 2023E consensus as of November 22nd, 2023 Calculated as Enterprise Value (EV) / 2023E EBITDA. Source: S&P Capital IQ (incl. Kinross) of November 22nd, 2023. Values for EBITDA based on 2023E consensus as of November 22nd, 2023 Endeavour Kinross 8

View entire presentation