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The Canadian Business Journal, a Kinross Russian mine operating as planned, unaffected by sanctions

Toronto, February 23, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Company”) today announced that its business in Russia is operating as planned. Announced that it will not be affected by US sanctions. February 22, 2022.

Kinross has been successful in operating in Russia for over 25 years and has previously managed similar situations while adhering to applicable law.

We are diversifying the structure of procurement and logistics in Russia, and most of the procurement is from domestic. Approximately 98% of the employees of Kinros’ Russian subsidiary are locals in Russia, and given the ice road supply season, the business has a year-round supply.

Kinross has the flexibility to refine gold produced in domestic Russian mines and sell it domestically and internationally. In 2022, Kinros estimates that about 13% of the world’s production will come from Russia. Kinross’ business is located in the Russian Far East, about 7,000 km from Ukraine.

We will continue to closely monitor the progress of sanctions.

About Kinross Gold Corporation

Kinross is a senior gold mining company based in Canada with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. 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 Communication
Phone number: 416-369-6469
louie.diaz@kinross.com

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

Precautions regarding future prospects

All statements except historical facts contained in this news release are “forward-looking information” or “forward-looking information” in the sense of a particular security, including information about Kinros’ future financial or operating results. Configure the description. The law, including the Securities Act (Ontario) and the “Safe Harbor” provisions under the Private Securities Litigation Reform Act of 1995, is based on the following expectations, estimates, and forecasts. Unless otherwise stated, management as of the date of this news release. The forward-looking statements contained in this presentation include, but are not limited to, the following: Our ability to sell gold from our Russian business domestically and internationally. Our ongoing ability to procure supplies for our Russian business both within and outside Russia. Our expectations for Russian production as a percentage of global production this year and our belief that our business has a year-round supply. The words “continue,” “expect,” “at hand,” “plan,” “hold,” or certain actions, events, or outcomes may or may be achieved. Expressions similar to, received, taken, generated, or resulting in variations or similarities of such words, phrases or statements that are, will be achieved, or will be achieved, with respect to the future outlook. Identifies the description. Forward-looking statements are necessarily considered reasonable by Kinros as of the date of such statements, but are inherently significant business, economic and competitive uncertainties and contingencies. It is based on many estimates and assumptions that are affected by the situation. 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. Forward-looking statements are provided to provide information about management expectations and future plans. All forward-looking statements made in this news release are conditioned by the statements in this warning and those made in other filings with Canadian and US securities regulators. The “Analysis” section of the MD & A for the fiscal year ended December 31, 2021 and the annual information form dated March 30, 2021. These factors are not intended to represent a complete list of factors that may affect Kinros. 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.

Source: Kinross Gold Corporation


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The Canadian Business Journal, a Kinross Russian mine operating as planned, unaffected by sanctions

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