Kinross Gold (K) investor relations material

Operating and financial outlook

• 2026 attributable production guidance is 1.84–1.86 Moz; 2027 guidance is the same range, rising to 2.0 Moz ±5% in 2028. The outlook includes a 70% share of Manh Choh.

• Revised 2026 attributable cost guidance is $1,420–$1,460/oz production cost of sales and $1,850–$1,900/oz AISC; attributable capital guidance is $1.5B ±5%.

• Q3 YTD 2026 production was 1.41 Moz; production cost of sales was $1,396/oz and AISC was $1,827/oz.

• Q3 YTD attributable free cash flow reached $1.8B; cash was $2.6B and net cash was $1.9B at September 30, 2026.

• 2026 revised guidance assumes $100/bbl oil for the rest of the year; oil prices to date and that assumption imply an estimated ~$20/oz impact on annual costs.

Capital returns and balance sheet

• The 2026 capital-return commitment increased to 50% of free cash flow; $953M was returned year to date through October 28, 2026.

• More than $950M was returned to shareholders in 2026 YTD, and ~5% of outstanding shares had been repurchased since April 2025.

• At September 30, 2026, total liquidity was $4.4B; a $1.5B revolving credit facility was renewed in 2025, restoring its five-year term.

• Moody’s upgraded the credit rating to Baa2 and S&P to BBB, both with stable outlooks; no near-term debt maturities were shown.

Portfolio and operating performance

• Six mines across attractive jurisdictions support 2026–2027 attributable production guidance of 1.84–1.86 Moz/year; the reserve and resource base totals 20.9 Moz of reserves, 27.5 Moz M&I and 16.6 Moz inferred.

• Paracatu produced 464,537 oz in Q3 YTD 2026 and remained on track for 600,000 oz in 2026; the updated reserve plan extends mine life to 2034.

• Tasiast produced 383,557 oz in Q3 YTD 2026 and is expected to deliver around 500 koz/year in 2026–2027 under mine-plan optimization.

• La Coipa operations stabilized, with ore-control and stockpile initiatives underway; Q3 YTD production was 142,453 oz, and exploration is assessing oxide and copper-sulphide opportunities.

• Redbird 1 poured first gold; Redbird 2 is expected to extend Bald Mountain production to 2032, while Round Mountain Phase X and Curlew target first production in 2028.