Lobo/ Marte gold mine project

Open pit mining is planned over a 12 year mine life, with average annual gold production estimated at 310koz/a. In November 2014, Kinross withdrew the permit application for the project and all permitting was stopped. Future project development will require the re-initiation of the permitting process.Given that Lobo Marte does not appear to be a priority development project for Kinross, the accompanying analysis is speculative only and assumes an earliest possible start-up date of 2022.