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Kinros pours the first gold bar into Lacoipa, the Canadian Business Journal

Toronto, March 9, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross” or “Company”) achieves significant milestone in La Coipa project in Chile Announced that it was poured. That first gold stick.

The project started test run of the plant on schedule and within budget in early February 2022. The plant will be up and running in the coming months and is expected to reach full capacity in the middle of the year.

“Thanks to the team’s efforts and contributions in Chile, we have reached this important milestone and were able to pour the first gold bar into La Coipa,” said J. Paul Rollinson, President and CEO. “Our team carried out the project safely on schedule and within budget, despite the harsh operating environment caused by the pandemic of the last two years. La Coipa by mid-year. It is expected to reach full capacity and is at the forefront of even more exciting milestones in the project. “

At the end of 2021, Kinros extended the expected life of Lacoipa’s mining production by 45% to about 1 million Aueq. Oz. By incorporating a nearby puree pit into the project and optimizing the Phase 7 mining program. The project’s mine life estimate has also been extended from 2024 to 2026. Prestripping in Puren is scheduled to begin in April 2022.

We continue to explore opportunities to further expand LaCoipa’s mining program, including the possibility of additional Puren pushbacks and the incorporation of other adjacent pits into the project.

Kinros also signed an electricity purchase agreement at the end of last year to supply Lacoipa with 100% renewable energy to meet its electricity demand, in line with its greenhouse gas emission reduction strategy.

About Kinross Gold Corporation

Kinross is a Canada-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada. Our focus is on providing value based on operational excellence, balance sheet strength, disciplined growth and the core principles of responsible mining. Kinros is listed on the Toronto Stock Exchange (Symbol: K) and the New York Stock Exchange (Symbol: KGC).

Media contacts
Luis Diaz
Vice President of Corporate Communications
Phone number: 416-369-6469
louie.diaz@kinross.com

Investor Publicist
Chris Lichtenhelt
Vice President, Investor Public Relations
Phone number: 416-365-2761
chris.lichtenheldt@kinross.com

All statements, except but not limited to, but not limited to, historical facts contained in or incorporated by reference in this news release, include, but are not limited to, information regarding the future performance of Kinross. It constitutes a statement about the future outlook. Laws, including the Securities Act (Ontario) and the “Safe Harbor” provisions under the Private Securities Litigation Reform Act of 1995, are based on expectations, estimates, and forecasts as of the date of this news release. The words “estimate,” “expect,” “opportunity,” or specific actions, events, or consequences may, may, may, may, and may be taken. , Shown, or may be made, or similar variations of words, phrases, or statements. And similar expressions identify forward-looking statements. The forward-looking statements contained in this news release include, but are not limited to, the following: Expected life of mine production; My expected life of Lacoipa; Timing of pretripping in Puren. And the possibility of operable expansion. Forward-looking statements are necessarily considered reasonable by Kinros as of the date of such statements, but are inherently significant business, economic, legislative and competitive risks and uncertainties. It is based on many estimates and assumptions that are affected by certainty and contingency. Many of these risks, uncertainties and contingencies can affect the actual outcomes of Kinross and are expressed or implied in forward-looking statements made by or on behalf of Kinross. Results can vary significantly. Such risks and uncertainties include, but are not limited to: Operational or technical issues related to development, mining, or processing activities. Potential direct or indirect operational implications from an ongoing COVID-19 pandemic or other infectious disease or pandemic. Fluctuations in gold and silver prices. Uncertainty in mineral reserves and estimates of mineral resources. The speculative nature of gold exploration and development, including but not limited to the risk of obtaining the required licenses and permits. Fluctuations in foreign exchange rates; risks associated with doing business in foreign jurisdictions, including government-related risks. Actual results and future events may differ materially from those expected in such statements and there is no guarantee that the forward-looking statements will be accurate. All forward-looking statements made in this news release include, but are not limited to, statements made in these warnings and in the Risk Factors section to Canadian and US securities regulators. Qualified by what was done in the submission of. A recently submitted annual information form, the FYE 2021 Management Discussion and Analysis “Risk Analysis” section, and the February 16, 2022 news release “Notes on Forward-Looking Information” referenced by readers. These are incorporated into this news release by reference, all of which qualify all forward-looking statements made in this news release. These factors are not intended to represent a complete list of factors that may affect Kinross. Kinross intends to update or revise forward-looking statements, to the extent required by applicable law, and to explain significant differences between subsequent actual events and such forward-looking statements. Or deny the obligation.

Other information

When we say “us,” “us,” “our,” “company,” or “Kinross,” in this news release, Kinross Gold Corporation and / or one or more or all of them, if applicable. Means a subsidiary of. ..

The technical information about our mineral properties contained in this news release was produced under the supervision of John Sims, a “qualified person” in the sense of National Instrument 43-101. Mr. Sims was a Kinros officer until December 31, 2020. Mr. Sims continues to be a qualified external consultant for us.

Source: Kinross Gold Corporation


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Kinros pours the first gold bar into Lacoipa, the Canadian Business Journal

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