Kinross completes US$500 million unsecured debt offering
Kinross Gold Corporation
25 York Street, 17th Floor
Toronto, ON Canada M5J 2V5
www.kinross.com
NEWS RELEASE
Kinross completes US$500 million unsecured debt offering
Toronto, Ontario, July 6, 2017 – Kinross Gold Corporation (TSX: K; NYSE: KGC) ("Kinross") announced today
that it has closed its previously-announced offering of debt securities, consisting of US$500 million principal amount
of its 4.5 0% Senior Notes due 2027 . The notes are unsecured, senior obligations of Kinross and are wholly and
unconditionally guaranteed by certain of Kinross' wholly-owned subsidiaries that are also guarantors under Kinross'
senior unsecured credit agreement. Kinross intends to use the net proceeds, along with available cash on hand, to
repay its term loan, which is due August 2020.
The offering was made to "qualified instit utional buyers" pursuant to Rule 144A under the Securities Act of 1933
(the "Act") and outside the United States pursuant to Regulation S under the Act. The notes have not been and will
not be registered under the Act and the notes may not be offered or so ld in the United States absent registration
under the Act or the availability of an applicable exemption from registration requirements. Offers and sales in
Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Cana dian
provincial or territorial securities laws. This news release does not constitute an offer to sell or the solicitation of an
offer to buy any security.
About Kinross Gold Corporation
Kinross is a Canadian -based senior gold mining company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains l istings on the
Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, includ ing any information
as to the future performance of Kinross, constitute "forward-looking statements" within the meaning of applicable securities laws, including the
provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of
1995 and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, without
limitation, expected or possible events, or statements with respect to expected or possible events. The word "intends", or statements that certain
actions, events or re sults "may", "could", "would" or "might" and similar expressions identify forward -looking statements. Forward -looking
statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of
such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Ma ny of these
uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those e xpressed or implied in any
Kinross Gold Corporation
25 York Street 17th Floor
Toronto, ON, Canada M5J 2V5
p. 2 Kinross completes US$500 million unsecured debt offering www.kinross.com
forward-looking statements made by, or on behalf of, Kinross. These factors are not intended to represent a complete list of the fact ors that
could affect Kinross. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. All of the forward -looking statements made in this news release are qualified
by these cautionary statements. Kinross disclaims any i ntention or obligation to update or revise any forward -looking statements or to explain
any material difference between subsequent actual events and such forward -looking statements, except to the extent required by applicable
law.