For more information,
please see Kinross’ second quar ter
2010 Financial Statements and MD&A
Kinross reports 2010 second quarter results
Margins increase by 38%
Adjusted net earnings 4 up 34%; adjusted operating cash flow 4 up 20%
$7.1-billion friendly combination with Red Back creates new high-growth gold producer
Toronto, Ontario – August 4, 2010 – Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its
unaudited results for the second quarter ended June 30, 2010.
(This news release contains forward-looking information that is subject to the risks and assumptions set
out in our Cautionary Statement on Forward-Looking Information located on page 8 of this news release.
All dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted.)
Kinross Gold Corporation
25 York Street, 17th Floor
Toronto, ON Canada M5J 2V5
● Production 1 in the second quarter 2010 was 538,270 gold equivalent ounces, a slight decrease of 4%
over the same period last year.
Revenue for the quarter was $696.6 million, compared with $598.1 million in the second quarter of
2009, an increase of 16%. The average realized gold price for the quarter was $1,158 per ounce sold,
compared with $915 per ounce sold in Q2 2009, an increase of 27%.
● Cost of sales per gold equivalent ounce 2 was $496 for Q2, an increase of 14% compared with Q2
2009. Cost of sales per gold ounce on a by-product basis was $459 in Q2 compared with $382 for the same
period last year.
● Kinross’ attributable margin per ounce sold 3 was a record $662 in Q2, a year-over-year increase of
● Adjusted operating cash flow 4 was $271.4 million, or $0.39 per share, compared with $227.1 million,
or $0.33 per share, in Q2 2009, an increase of 20% in adjusted operating cash flow.
Adjusted net earnings 4 were $113.1 million, or $0.16 per sh