Investor Presentaiton
Kinross Gold Corporation
Endnotes
November 2023
1) Kinross' outlook represents forward-looking information and users are cautioned that actual results may vary. Please refer to
the Cautionary Statement on Forward-Looking Information on slide 2 of this presentation.
2) All-in sustaining cost from continuing operations per equivalent ounce sold, sustaining capital expenditures and non-
sustaining capital expenditures are non-GAAP financial measures and ratios, as applicable, with no standardized meaning
under IFRS and therefore, may not be comparable to similar measures presented by other issuers. All-in sustaining cost per
equivalent ounce sold for non-producing projects are forward-looking non-GAAP ratios without historical equivalents. All-in
sustaining cost from continuing operations per equivalent ounce sold is calculated as all-in sustaining cost from continuing
operations divided by gold equivalent ounces sold from continuing operations. All-in sustaining cost from continuing
operations is a non-GAAP financial measure. For definitions, purpose and reconciliations of these non-GAAP financial
measures and ratios, please refer to Section 11 - Supplemental Information of Kinross' MD&A for the three and nine months
ended September 30, 2023 and for the year ended December 31, 2022, which section is incorporated by reference herein
and as filed on the Company's web site at www.kinross.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
3) Production cost of sales from continuing operations per equivalent ounce sold is defined as production cost of sales, as
reported on the interim and consolidated statements of operations, divided by total gold equivalent ounces sold from
continuing operations.
4) "Capital expenditures from continuing operations" for the nine months ended September 30, 2023 and 2022 are as reported
as "Additions to property, plant and equipment" on the interim condensed consolidated statements of cash flows. "Capital
expenditures from continuing operations" for the year ended December 31, 2022 are as reported as "Additions to property,
plant and equipment" on the consolidated statements of cash flows.
5) Ranking on ESG. Percentile ranking based on: (1) S&P. score 74; 93rd percentile (2) Sustainalytics. 15th out of 121 peers
(ESG risk score 24.9) (3) MSCI. achieved an 'A' rating. 32% of peers rated AA or higher, 14% as A; assume KGC at
midpoint. (4) ISS. achieved a C+ rating; of 187 peers, approximately 2% scored B, 6% B-, and 11% C+; assume KGC at
midpoint of C+ (5) Moody's score 57; 4th out of 51 in sector, equivalent to 92nd percentile (7) Refinitiv score A-; 80.26 out of
100. (8) G&M score 93 out of 100.
KINROSS
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