Annual & Special Meeting of ShareholdersMay 4, 2006

John OliverChairman of the Board

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Today’s Speakers

Tye BurtPresident and Chief Executive Officer

Scott CaldwellChief Operating Officer and Executive Vice-President

Thom BoehlertChief Financial Officer and Executive Vice-President

Shelley RileyVice President, Administrationand Corporate Secretary

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John BroughJohn CarringtonRichard HalliseyJohn Huxley

John Keyes George MichalsTerence ReidCatherine McLeod-Seltzer

Independent Directors

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Formal Portion

Kinross Annual and Special General MeetingMay 4, 2006

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Tye BurtPresident and CEO

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Certain statements set forth in this presentation constitute “forward looking statements" within the meaning of the United States Private Securities Litigation

Reform Act of 1995. Such statements involve risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ from

those expressed or implied by such forward looking statements. Such risks and uncertainties are described in periodic filings made by Kinross Gold Corporation

with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

All dollar amounts used throughout this presentation are expressedin US dollars, unless otherwise noted.

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Strengthened management team

New merger accounting methodology, financials up-to-date

Strong operating fundamentals

Kinross is a major gold producer best positioned for success

Achievements in 2005

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Clear four-point strategic plan

Dramatic increase in gold reserves

Growth profile in production and cash flow through 2009

Share price up over 2x, market cap near C$5 billion

Q1 2006 profits

Achievements in 2005Part II

Kinross is a major gold producer best positioned for success

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Shar

e Pr

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(US$

)

Up 130% year-over-year

Kinross Generates Value

Kinross shares have more than doubled in the past year

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Objective: Enhance net asset value and cash flow per share

Four-Point Plan

Paracatu expansion

GROWTH FROMTHE CORE

Round Mountainexpansion / underground

Kettle River / Buckhorn

Regionally streamlinedapproach

BUILDING BLOCKSFOR THE FUTURE

Implement new systems

Continuousimprovement program

Strengthened management team & Board

BEST PEOPLE

Promotion from within

Excellence in environmental matters and corporate

governance

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TEAM ADDITIONSJohn Carrington – DirectorCatherine McLeod-Seltzer - DirectorTim Baker – Executive Vice President and Chief Operating OfficerThomas Boehlert – Executive Vice President & Chief Financial OfficerHugh Agro – Senior Vice President, Corporate DevelopmentGeoff Gold – Senior Vice President & Chief Legal OfficerStephanie Holtforster – Senior Vice President Human ResourcesJulio Binvignat – Vice President, ChileLisa Zangari – Vice President, Human Resources

PROMOTIONS/MOVESChris Hill – Senior Vice President & TreasurerManoel Cerqueira – Vice President, BrazilWes Hanson – Vice President, Technical ServicesHal Kirby – Vice President & ControllerShelley Riley – Vice President, Administration &

Corporate Secretary

Best People

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Best People

Tim BakerNamed EVP and COO30-year mining operations career Key posts in Canada, Latin America, Africa and the United StatesPresently in Chile; to be based in Toronto

Scott CaldwellWill head new private affiliateBased in Reno, NevadaEarly-stage energy-related opportunities in the United States, Canada and Russia

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Four-Point Plan

Objective: Enhance net asset value and cash flow per share

Paracatu expansion

GROWTH FROMTHE CORE

Round Mountainexpansion / underground

Kettle River / Buckhorn

Regionally streamlinedapproach

BUILDING BLOCKSFOR THE FUTURE

Implement new systems

Continuousimprovement program

Crown Resourcestransaction

NEW OPPORTUNITIES

Round Mountainunderground

Pancho at Refugio

Excellence in environmental matters and corporate

governance

Strengthened management team & Board

BEST PEOPLE

Promotion from within

Pipeline for growth opportunities

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Cash flow from operating activities of $161.2 million

Acquired remaining 51% interest of Paracatu from Rio Tinto

New accounting methodology to TVX and Echo Bay

Loss of $63.1 million after non-cash impairment charges

Cash of $47.9 million; debt of $122.9 million

2004 Highlights

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Kinross 2005 Highlights

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2005 Highlights

Produced 1.6 million gold equivalent ounces at cost of sales of $275 per ounce

Revenues of $725.5 million

Cash flow from operating activities of $133.7 million

Net loss of $216.0 million non cash impairment and future reclamation

Gold reserves increased 27% to 24.7 million ounces

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Gold Reserves and Resources

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5,000

10,000

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35,000

2001 $300/$325

2002$300/$325

2003$325/$350

2004$350/$400

2005$400/$450

YearGold price used for Reserves/Resources

'000

oun

ces

gold

Measured and Indicated

Proven and Probable

Continued Reserve Growth

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Kinross 2005 Results

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Thom BoehlertChief Financial Officer

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Gold equivalent production was 362,395 ounces

On-target for estimated 1.44 million gold equivalent ounces

Revenue of $198.3 million

Average realized price: $532 per ounce of gold sold

Cost of sales of $327 per ounce due to:

Higher costs at non-operated Joint Ventures

High cost of final production at Kubaka

Industry wide cost pressures

First Quarter 2006

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Net earnings of $8.9 million, or $0.03 per share

Cash flow from operating activities of $20.1 million

Capital expenditures of $34.2 million

Cash position of $84.1 million; debt of $158.7 million

Exploration spending rises to $7.5 million

First Quarter 2006

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Operations Review

Scott CaldwellExecutive Vice President and Chief Operating Officer

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Global Position

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Paracatu, Brazil (100%)

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Round Mountain, USA (50%, operator)

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Fort Knox, USA (100%)

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Porcupine JV, Canada(49%, Goldcorp operated)

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La Coipa, Chile (50%, Goldcorp operated)

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Crixas, Brazil (50%, AngloGold operated)

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Refugio, Chile (50%, operator)

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Musselwhite, Canada(32%, Goldcorp operated)

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Operations Review

Scott CaldwellExecutive Vice President and Chief Operating Officer

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Production rising from approximately 1.44 million ounces to 1.7-1.75 million ounces in 2009

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2006E 2007E 2008E 2009E2006 - 2009 Forecast

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Expected range of production

Kinross Driving Forward

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Feasibility study being finalized and optimized

Adding new 38-foot SAG mill

Building a world-class operation

Throughput and production rising

Cash cost profile improving

Paracatu Engineering Study

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Largest Operating Mines in North and South America

Res

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Paracatu - A World-Class Mine

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Fourth largest primary gold producer in North America, eighth largest in the world

Strong production and growth profile through 2009

Nine mines globally, focused in North and South America

Clear decks for the future

Exploration expertise

Operating in stable and prospective countries

Strong, experienced management team focused on four-point plan

Positioned For Success

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Gold Price: 25-year High

Gold Monthly Average - London PM Fix1981 - Present

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Jan-

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Jan-

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Jan-

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Jan-

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Kinross Outperforms

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Gold Price Major Gold Producers Average Kinross

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QUESTIONS?40