Le Lézard
Classified in: Mining industry
Subjects: NEW PRODUCTS/SERVICES, Environmental, Social, and Governance Criteria

Kinross releases 2023 Sustainability Report

Delivers strong ESG performance, including a $4.1 billion total benefit footprint through taxes, wages, procurement and community support

All dollar amounts are expressed in U.S. dollars, unless otherwise noted.

TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) ("Kinross" or the "Company") is pleased to announce the publication of its 2023 Sustainability Report (the "Report"), providing a fulsome summary of the Company's progress over the past year in furthering its sustainability and environmental, social and governance (ESG) goals.

"At Kinross, sustainability is a key consideration in all facets of our business and we focus on getting it right at all stages of the mining process, from exploration through to development, operations and mine closure," said J. Paul Rollinson, CEO. "In 2022, we launched an updated ESG Strategy focusing on three key pillars ? Workforce and Community, Natural Capital, and Climate and Energy ? setting new target objectives within each. Over the past year we have executed on that Strategy, with excellent results both operationally and from a sustainability perspective. We continued to advance our people-centric safety programs and culture, prioritize environmental stewardship, and contribute meaningful and sustainable benefits to our host communities with $4.1 billion spent in 2023. The projects detailed in our Report highlight our philosophy of driving value for shareholders, including through sustainability results."

Kinross' 2023 Sustainability Report is available at https://www.kinross.com/2023-Sustainability-Report/.

Kinross' high standards and relentless commitment to sustainability are reflected in the Company's updated ESG Strategy, which was launched in 2022 and advanced well over the past year. The Strategy spans across three key pillars of Workforce and Community, Natural Capital and Climate and Energy, with targets through 2030 for material topics in each pillar. Kinross' approach continues to be underpinned by a focus on its First Priorities and Values, with Putting People First remaining the top priority. This means health and safety first, as well as an inclusive organizational culture.

Kinross' leading performance continued to be externally recognized with high ESG rankings and ratings in the top quartile of the mining and metals sector. The Company was included in the Dow Jones Sustainability World Index at the end of 2023 and was recognized in the S&P Global Sustainability Yearbook for 2024. Kinross also maintained its top tier ranking in The Globe and Mail's annual governance review.

Kinross obtained external assurance of 50 ESG performance metrics underscoring the rigor of Kinross' data collection and, following the Company's normal practice, has provided Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) indices. The 2023 Sustainability Report also marks the start of Kinross' transition towards alignment with new International Sustainability Standards Board's (ISSB) reporting standards. Together with the 2023 Sustainability Report, Kinross also published today its first Modern Slavery statement, available here.

Highlights from the Sustainability Report include:

Workforce and Community

Natural Capital

Climate and Energy

About Kinross Gold Corporation

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Media Contact
Victoria Barrington
Senior Director, Corporate Communications
phone: 647-788-4153
[email protected]

Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
[email protected]

Sustainability Contact
Dominic Channer
Vice-President, Community Relations & ESG
phone: 416-892-8771
[email protected]

Source: Kinross Gold Corp.

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