Profile: Kinross Gold Corporation (KGC.N)

Kinross Gold Corporation (Kinross) is engaged in the mining and processing of gold and as a by-product, silver ore, and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation and worldwide. The principal products of Kinross are gold and silver produced in the form of dore that is shipped to refineries for final processing. Kinross’ share of proven and probable mineral reserves, as of December 31, 2008, was 45.6 million ounces of gold and 105.8 million ounces of silver. On July 31, 2008, Kinross completed the sale of its 40% interest in the Hammond Reef project to Brett Resources Inc. On September 30, 2008, it acquired Aurelian Resources Inc. On December 16, 2008, Kinross completed the acquisition of a 40% interest in Minera Santa Rose SCM (Minera) from certain subsidiaries of Anglo American Plc, and on January 8, 2009, Kinross acquired the remaining 60% interest in Minera from a subsidiary of Teck Cominco Limited. Minera holds a 100% interest in the Lobo-Marte gold project in Chile.

As of December 31, 2008, the material properties of Kinross included Fort Knox, Paracatu, Maricunga, Kupol, Cerro Casalea and Fruta del Norte. In addition, as of December 31, 2008, the Company held a 50% interest in the Crixas mine, situated in Brazil; a 100% interest in the Kettle River mine in Washington, United States, which includes the Kettle River - Buckhorn mine; a 50% interest in the Round Mountain mine in Nevada, United States, and a 100% interest in the La Coipa mine in Chile. Kinross disposed of its interest in Julietta on August 16, 2008. Kinross disposed of its interest in Kubaka on January 25, 2008.

Fort Knox

The Fort Knox mine includes the main Fort Knox open pit mine, mill and tailings storage facility; an 80% ownership interest in the Gil property that is subject to a joint venture agreement with Teryl Resources Corp (Teryl), and the True North open pit mine (which is suspended). The Fort Knox open pit mine, mill and mineral claims cover approximately 21,162 hectares located 42 kilometers northeast of the City of Fairbanks, Alaska. Kinross controls 1,369 State of Alaska mining claims covering an area of approximately 17,379 hectares; an additional 502 hectares of mineral rights comprised of an Upland Mineral Lease issued by the State of Alaska; 3,016 hectares of leased private land, one leased federal mining claim, and 20 unpatented federal lode mining claims. The Gil property mineral claims cover approximately 2,521 hectares located contiguous to the Fort Knox claim block.

Paracatu

The Paracatu mine includes an open pit mine, process plant, tailings dam area and related surface infrastructure. The Paracatu mine (known locally as Morro do Ouro) is 100% owned and operated by Kinross’ wholly owned subsidiary Rio Paracatu Mineracao S.A. (RPM). The Paracatu mine is located two kilometers north of the city of Paracatu, situated in the northwestern portion of Minas Gerais State, 230 kilometers southeast of the national capital Brasília and 480 kilometers northwest of the state capital Belo Horizonte.

Maricunga

The Maricunga heap leach mine, formerly known as the Refugio mine, is owned and operated by Compania Minera Maricunga (CMM), a company that is 100% owned by Kinross. Maricunga property is located in the Maricunga District of the Region III of Chile, 120 kilometers due east of the town of Copiapo. Mining claims total 6,770 hectares, while the exploration properties held by CMM include 2,100 hectares.

Kupol

Kinross’ 75% (less one share) interest in the Kupol gold and silver project in the northeast region of the Russian Federation is held through a commensurate interest in Chukotka Mining & Geological Company (CMGC). The remaining 25% (plus one share) of CMGC is held by the Government of Chukotka. The Kupol deposit is located in the northwest part of the Anadyr foothills on the boundary between the Anadyr and Bilibino Regions in the Chukotka Autonomous Okrug. The total distance between the Kupol property and Bilibino is approximately 200 kilometers. During the year ended December 31, 2008, on-going drilling continued at the 650 zone with 42 holes completed. The program resulted in the conversion of 287,000 ounces of gold and 5.1 million ounces of silver to reserves.

Cerro Casale

The Cerro Casale project, located in Chile, in which the Company holds a 49% interest, is a conventional open pit and milling operation producing 150,000 tons per day of gold and copper ore from a porphyry gold-copper deposit. The Cerro Casale project is located in the Maricunga District of Region III of northern Chile. In 2008, eight in-fill core holes were completed within the deposit area.

Fruta del Norte

The Company wholly owns the Condor project, which includes the Fruta del Norte deposit. The Condor project consists of 35 mining concessions, which cover approximately 95,152 hectares located in southeastern Ecuador, largely in the province of Zamora-Chinchipe, with some in Morona-Santiago. The Fruta del Norte epithermal gold-silver deposit and encompassing Condor property is located in the Cordillera del Condor.

Round Mountain

Kinross owns an undivided 50% interest in and operates the Round Mountain gold mine through its wholly owned subsidiary Round Mountain Gold Corporation (RMGC). The Round Mountain mine is located 96 kilometers north of Tonopah in Nye County, Nevada. The Round Mountain mine operates a conventional open pit that is approximately 2,500 meters long in the north-west, south-east direction and 1,500 meters wide.

La Coipa

The La Coipa mine, located approximately 1,000 kilometers north of Santiago in Copiapo Province, consists of six deposits (notable deposits being Ladera-Farellon, Coipa Norte, Becha Norte, Chimberos and Puren), which are operated by Compania Minera Mantos de Oro (MDO), a Chilean subsidiary of Kinross, except for Puren, which is operated through a joint venture between MDO and Codelco-Chile, with participation interests of 65% and 35%, respectively. The La Coipa mine consists of approximately 7,500 hectares of mineral claims. In addition, Kinross holds a 50% interest in CMCLC, which covers approximately 7,294 hectares in the area surrounding the La Coipa mine.

Kettle River — Buckhorn

The Buckhorn Mine is located in the Myers Creek Mining District of north-eastern Okanogan county, Washington, approximately 77 kilometers by road from the town of Republic, Washington. The Project consists of approximately 4,700 hectares of contiguous patented and unpatented lode mining claims, mill site claims and state mining leases. The Buckhorn Mine is a three portal access underground mine, which will produce material from two primary zones, the South-West and Gold Bowl zones.