Kinross Gold Corporation

Kinross Gold Corporation

January 10, 2005 16:53 ET

Kinross Gold Corporation: Bob Buchan To Step Down as President and CEO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: KINROSS GOLD CORPORATION

TSX SYMBOL: K
NYSE SYMBOL: KGC

JANUARY 10, 2005 - 16:53 ET

Kinross Gold Corporation: Bob Buchan To Step Down as
President and CEO

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - Kinross Gold
Corporation (TSX:K)(NYSE:KGC) ("Kinross" or the "Company") announces
today that Mr. Robert M. Buchan has decided to step down as President
and Chief Executive Officer of the Company following the Annual General
Meeting on April 27th of this year, and assume the role of Non-Executive
Chairman. The Board of Directors has established a search committee
which will be working with outside advisors to identify his replacement.

Mr. Buchan told management and employees today, "starting Kinross in
1993 with 25,000 ounces of annual production and building it to what it
is today has been a remarkable journey. I am proud of what we have been
able to achieve over these 12 years. I feel certain that the Company
will be able to maintain its position as one of the world's senior gold
producers. I also feel that after 12 years at the head of the Company it
is time for new leadership to take us to the next level. In my new role
of Non-Executive Chairman, I look forward to working with the new Chief
Executive Officer in continuing to improve all aspects of what the
Company is and what it can be".

The entire Board of Directors expresses its sincere gratitude to Mr.
Buchan for the contributions made by him during his tenure as President
and C.E.O.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Kinross Gold Corporation
    Christopher T. Hill
    Vice President Investor Relations
    (416) 365-7254
    or
    Kinross Gold Corporation
    Tracey M. Thom
    Manager Investor Relations
    (416) 365-1362
    info@kinross.com