Our Commitment

We are steadfast in our pursuit of superior business and financial performance. Rigorous financial discipline and outstanding corporate citizenship are enshrined in our four core values, and we believe they go hand-in-hand. By delivering on our strategy and commitments to our shareholders, we generate jobs and wealth in our host countries and are better able to support partnership initiatives that help to build and sustain strong communities.

Our financial highlights for the years 2008 and 2009 include the following:

  • Attributable1 production of approximately 1.8 million gold equivalent ounces in 2008 and 2.24 million gold equivalent ounces in 2009, a two-year increase of 40% over 2007;
  • Revenue of approximately $1.6 billion in 2008 and $2.4 billion in 2009, a two-year increase of 118% over 2007;
  • Average attributable1 margins of $436 per ounce sold in 2008 and $530 in 2009, a two-year increase of 61% over 2007;
  • Adjusted operating cash flow2 of $634.6 million in 2008 and $937.2 million in 2009, a two-year increase of 199% over 2007.

For a detailed account of Kinross’ 2009 and 2008 financial performance, see our annual reports on www.kinross.com

1 “Attributable” only includes Kinross’ share of Kupol production (75%)
2 Adjusted operating cash flow is a non-GAAP measure. For a reconciliation of this non-GAAP measure, see our 2009 Annual Report (pages 154 and 155).