The Kinross Difference

Industry Challenge

Kinross Difference

Declining global production
  • Industry-leading growth profile
  • Production expected to increase from 2.5 - 2.6 million ounces in 2011 to 4.5 - 4.9 million ounces in 2015(1)
  • Pipeline of projects for the future
High quality gold deposits harder to find
  • World-class project portfolio of large gold projects
  • Long-term positions in the world's most prolific gold districts
Rising costs eroding margins
  • Kinross delivered record high attributable margin of $1,012(2) per gold equivalent ounce sold in Q3 2011.
  • Adding expected lower-cost production from new mines & optimizing existing mines to improve cost profile
Reserve replacement challenging
  • Total resources(3) have grown by 25% on a compounded-annual basis
  • Large Measured, Indicated and Inferred Resource base for Reserve replacement
  • Excellent exploration potential at Tasiast, Fruta del Norte, Lobo-Marte and Kupol-Dvoinoye


(1) Please refer to the news release dated May 3, 2011 for more information regarding Kinross' production and cost outlook for 2011 and production target for 2015.

(2) Attributable margin per ounce sold is a non-GAAP measure defined as production costs per the financial statements divided by the attributable number of gold equivalent ounces sold, both reduced for Kupol sales attributable to a third-party 25% shareholder and Chirano sales to a 10% minority interest holder.

(3) Please refer to Kinross' Mineral Reserve and Mineral Resource Statement as at December 31, 2010, contained in our news release dated February 16, 2011. Historical Mineral Reserve and Mineral Resource information is available in the Reserves section of our website.

This web page contains forward-looking information. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned that actual results may differ materially from those set forth herein and are referred to our Legal Disclaimer for more information.

Previous
Next