Kinross Gold : Annual Meeting of Shareholders

Published: 2025-05-07 15:43:06 ET K.TO

Published on 05/07/2025 at 15:43

Annual Shareholder Meeting May 7th, 2025

1

Senior Leadership Team

Chief Executive

Officer

President

Executive Vice-President & Chief Financial Officer

Executive Vice-President & Chief Operating Officer

Senior Vice-President, Technical

Services

Executive Vice-President Corporate

Development

Senior Vice-President, External

Affairs

Senior Vice-President, Human

Resources

Senior Vice-President, Investor

Relations & Communications

3

2024 Performance Highlights

Produced 2.13 million gold equivalent ounces Robust margins of $1,373/Au eq. oz. sold(1)

Generated record $2.45 billion in operating cash flow(2) and $1.34 billion in Free Cash Flow(3)

Strengthened Liquidity(4) and Investment Grade Balance Sheet

Returned ~$150 million to shareholders through sustainable quarterly dividend Continued Share Price Outperformance

"Margins" per equivalent ounce sold is defined as average realized gold price per ounce less production cost of sales per equivalent ounce sold.

4

"Operating cash flow" for the year ended December 31, 2024 is reported as "Net cash flow provided from operating activities" on the consolidated statements of cash flows.

"Free Cash Flow" represents attributable free cash flow which is a non-GAAP financial measure with no standardized meaning under IFRS and therefore, may not be comparable to similar measures presented by other issuers. Refer to endnote #2.

"Liquidity" is defined as the sum of cash and cash equivalents, as reported on the consolidated balance sheets, and available credit under the Company's credit facilities (as calculated in Section 6 Liquidity and Capital Resources of Kinross' MD&A for the year ended December 31, 2024).

Two top tier(1) mines - Tasiast & Paracatu - account for >50% of production

2024A Gold Equivalent Production

Fort Knox, U.S.A.

Manh Choh, U.S.A.

Great Bear, Canada

2.13M

ounces

Americas Mauritania

Bald Mountain, U.S.A.

Curlew, U.S.A

Operations

Development

Projects

Round Mountain, U.S.A.

Paracatu, Brazil

La Coipa, Chile

Lobo-Marte, Chile

Tasiast, Mauritania

(1) Top tier defined as assets with Life of Mine (LOM) into the next decade and annual production averaging greater than 500koz and 5

LOM AISC <$1000/oz (2025 nominal dollars).

Disclaimer

Kinross Gold Corporation published this content on May 07, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 19:42 UTC.