Kinross Gold Corporation · TSX:K
Kinross Gold — Q3 2026 Earnings Presentation
35 slides from Kinross Gold's earnings presentation, Oct 29, 2026
Slide 1: Delivering Value. Third Quarter 2026 Results
Kinross Gold Corporation (TSX:K; NYSE:KGC) Delivering Value. Third Quarter 2026 Results October 29th, 2026
Slide 2: Conference Call Participants
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Conference Call Participants Paul Andrea Bernard William Geoff Rollinson Freeborough Wessels Dunford Gold Chief Executive EVP & Chief Financial EVP & Chief Operating EVP & Chief Technical President Officer Officer Officer Officer
Slide 3: Cautionary Statement on Forward-Looking Information
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this presentation including, but not limited to, any information as to the future financial or operating performanc
Slide 4: Q3 Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Q3 Highlights PORTFOLIO DELIVERING INCREASED SHAREHOLDER RETURNS On track for updated guidance ~5% of our shares repurchased since April 20252 FINANCIAL STRENGTH PROJECT PIPELINE ADVANCING Over $1.8 billion of Free Cash Flow¹ Q3 YTD Brown
Slide 5: Sustainability – Advancing environmental stewardship, strengthening communities
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Sustainability – Advancing environmental stewardship, strengthening communities TBU Trout Unlimited Tok Wildfire Recovery Investing in Communities Alaska Alaska Chile • Strategic partnership with Trout • Supporting Tok wildfire recovery •
Slide 6: Strong Outlook
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Strong Outlook Production Outlook1 Safe operational execution (Million Au eq. oz.) 2.0 Disciplined cost management (+/-5%) 1.84 – 1.86 1.84 – 1.86 Competitive relative cost profile Strong financial position Disciplined capital allocation
Slide 7: Financial Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Financial Highlights
Slide 8: Third Quarter Results
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Third Quarter Results Q3 2026 Q3 2025 YTD Q3 2026 YTD Q3 2025 Attributable Production (Au eq. oz)1 424,693 503,862 1,409,582 1,528,524 Production Cost of Sales (per Au eq. oz. sold)2 $1,502 $1,150 $1,412 $1,091 Attributable Production Cos
Slide 9: Disciplined Capital Allocation
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Disciplined Capital Allocation Following significant reinvestment, we have strengthened our financial position and increased shareholder returns Strengthening Financial Position Increased Capital Returns • $2.6 billion of cash and cash eq
Slide 10: Guidance and Outlook
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Guidance and Outlook On Track to Meet Updated 2026 Guidance & Strong Multi-Year Outlook YTD FY 2026 Updated FY 2027 FY 2028 Q3 2026 Guidance Guidance Guidance Attributable Production 1,409,582 1.84 – 1.86 million 1.84 – 1.86 million 2.0 m
Slide 11: Operational Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Operational Highlights
Slide 12: Paracatu – Consistent Exceptional Performance
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Paracatu – Consistent Exceptional Performance • Largest producer in the portfolio in Q3 • Strong throughput and consistent operating performance • Continued substantial free cash flow generation • Well positioned to achieve 2026 guidance
Slide 13: Tasiast – Sustained Operational Excellence
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Tasiast – Sustained Operational Excellence • Strong quarterly performance • Higher throughput driving operational momentum • Lowest-cost producer in the portfolio • Continued delivery of robust free cash flow • Well positioned to deliver
Slide 14: La Coipa – Operations Stabilized, Improvement Actions Advancing
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 La Coipa – Operations Stabilized, Improvement Actions Advancing • Mining and milling activities have stabilized • Strengthening ore control and building stockpiles to optimize the mill-feed blend • Improvement initiatives delivering • La
Slide 15: USA
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 USA Fort Knox, Alaska1 Bald Mountain, Nevada Round Mountain, Nevada United States Total Q3/26 Q3 YTD Attributable2 production 128,830 419,035 (Au eq. oz.) Production cost of sales ($/oz.)3 $2,019 $1,969 Attributable2 production cost of sa
Slide 16: USA – Asset Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 USA – Asset Highlights Fort Knox, Alaska1 Bald Mountain, Nevada Round Mountain, Nevada • Production and costs reflected mill maintenance • Higher tonnes placed, partially offset by • Operations have stabilized with improvement and lower g
Slide 17: Projects & Exploration Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Projects & Exploration Highlights
Slide 18: Significant Resource Optionality at Current Operations
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Significant Resource Optionality Significant resource base for potential extensions at existing operations New growth projects that could potentially contribute to the production profile through the end of the decade and beyond $2,000/oz
Slide 19: US Projects Update – Advancing Toward 2028 Production
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 US Projects Update – Advancing Toward 2028 Production Curlew Bald Mt. Redbird Round Mt. Phase X Washington, USA Nevada, USA Nevada, USA • Tailings dewatering plant exterior work nearing • First production from Redbird 1 in early October •
Slide 20: Round Mountain Phase X – Positive Infill Results
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Round Mountain Phase X – Positive Infill Results • Extensional drilling continues to show strong grades and widths down dip of the current resource • Positive infill drilling strengthening confidence in initial mine plan inventory and pro
Slide 21: Extension Opportunity Highlights
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Extension Opportunity Highlights Fort Knox Phase 11 Layback Tasiast Open Pit & Underground Extensions • Meaningful extension of FK • At West Branch, the mine life – potential to extend high-grade core extends production into the 2030s at
Slide 22: La Coipa Optionality
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 La Coipa Optionality Potential oxide Oxide open pit laybacks 2 High-grade sulphides within and below existing pit Extensions contained in 1 current resource Puren Near-term 1 and under Opportunity permitting/study High-grade copper Brecha
Slide 23: Great Bear – Project Update
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Great Bear – Project Update • First production targeted for late 2029, subject to permitting • ADVANCED EXPLORATION: o Surface infrastructure is substantially complete for continued underground development o North and South Decline – comb
Slide 24: Great Bear – Permitting Update
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Great Bear – Permitting Update MAIN PROJECT PERMITTING: • Federal and Provincial permitting continues to advance • Federally: o Progressing through the review phase o Impact Assessment process advancing; responses submitted to information
Slide 25: Compelling Investment Opportunity
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Compelling Investment Opportunity ✓ Resilient production base ✓ Disciplined cost management driving strong margins ✓ Competitive relative cost position ✓ Generating significant cash flow ✓ Excellent investment grade balance sheet ✓ Attrac
Slide 26: Appendix
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Appendix
Slide 27: Endnotes
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Endnotes 1) Kinross’ outlook, which is reported on an attributable basis including Kinross’ share of Manh Choh (70%), represents forward-looking information and users are cautioned that actual results may vary. Please refer to the Caution
Slide 28: 2026 Updated Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 2026 Updated Guidance Summary (1) – Appendix A Attributable(2) Production Guidance Annual attributable(2) gold equivalent production guidance 2026 1.84 Moz to 1.86 Moz 2027 1.84 Moz to 1.86 Moz 2028 2.0 Moz (+/-5%) Attributable(2) Product
Slide 29: 2026 Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 2026 Guidance Summary1 – Appendix A Attributable Capital Expenditures 2 Guidance Breakdown Total 2026 2025 2025 2025 Forecast 2026 Sustaining Forecast 2026 2025 Forecast Sustaining Total Total Capital1,2 Non-Sustaining Capital 1,2 Non-Sus
Slide 30: 2026 Updated Guidance Summary – Appendix A
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 2026 Updated Guidance Summary (1) – Appendix A Material assumptions used to forecast 2026 updated guidance for the remainder of the year, most notably relating to production cost of sales, are as follows: • a gold price of $4,350 per ounc
Slide 31: Reserve & Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Reserve & Resource Statement – Appendix B 31
Slide 32: Reserve & Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Reserve & Resource Statement – Appendix B 32
Slide 33: Reserve & Resource Statement – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Reserve & Resource Statement – Appendix B 33
Slide 34: Reserve & Resource Statement Notes – Appendix B
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 Reserve & Resource Statement Notes – Appendix B 1) Unless otherwise noted, the Company's mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $2,000 per ounce and a silver price of $23.53 per o
Slide 35: www.kinross.com Investor Relations
Kinross Gold Corporation (TSX:K; NYSE:KGC) Third Quarter 2026 www.kinross.com Kinross Gold Corporation (TSX:K; NYSE:KGC) Investor Relations (+1) 416-365-2854 [email protected]