<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>14
<FILENAME>kin6kex99l.txt
<DESCRIPTION>EXHIBIT 99L
<TEXT>


                                                                     EXHIBIT 99l


                            KINROSS GOLD CORPORATION
                             MATERIAL CHANGE REPORT




Item 1.   Reporting Issuer

The  reporting  issuer  filing  this  material  change  report is  Kinross  Gold
Corporation ("Kinross").

Item 2.   Dates of Material Changes

May 2, 2002

Item 3.   Press Releases

Press  release  was issued by Kinross in Toronto on May 2, 2002 with  respect to
the material changes and filed via SEDAR.

Item 4.   Summary of Material Change

On May 2, 2002 Kinross Gold Corporation  announced its intention to deliver into
its relatively  small gold forward sales and not replace these hedges due to the
improving environment for the gold sector and for Kinross in particular.

Item 5.   Full Description of Material Change

Kinross Gold  Corporation  announces  the intent to deliver into its  relatively
small gold  forward  sales and not  replace  these  hedges due to the  improving
environment for the gold sector and for Kinross in particular.  Although Kinross
has  never  maintained  a very  large  gold  hedge  position,  the  Company  has
periodically   adjusted   its  gold  hedges   depending   on   specific   market
circumstances.  During the difficult times for gold prices over much of the last
five years,  it was prudent for the Company to have at least a modest gold hedge
position due to the magnitude of financial leverage inherent in the Consolidated
Balance Sheet of Kinross. The Company entered into gold forward sales contracts,
spot deferred  forward sales contracts and written call options for some portion
of  expected   future   production   to  mitigate  the  risk  of  adverse  price
fluctuations.  The  Company  does  not  hold  these  financial  instruments  for
speculative  or  trading  purposes.   The  Company  is  not  subject  to  margin
requirements on any of its hedging lines.

The  outstanding  number  of  ounces,   average  expected  realized  prices  and
maturities for the gold commodity derivative contracts as at April 30, 2002 were
as follows:

<TABLE>
<CAPTION>

                    Ounces                                  Call Options            Average
                    Hedged               Average                Sold                Strike
    Year            000 oz                Price                000 oz                Price
<S>                 <C>                  <C>                <C>                     <C>
-----------------------------------------------------------------------------------------------

    2002             225                  $289                    50                 $340
    2003             138                   277                   100                  320
    2004             138                   277                    50                  340
    2005              38                   296                     -                    -
           ----------------------                      ----------------------
    Total            539                                        200
           ======================                      ======================
</TABLE>


Robert M. Buchan,  Chairman & CEO stated that "In a word,  Kinross'  approach to
gold hedging could be described as  opportunistic.  Our modest  exposure to gold
forward contracts has served Kinross well over the past several years,  allowing
the company to  consistently  realize  higher gold  prices than  available  spot
prices  and  generate  significant  cash  flow that has  generally  been used to
increase cash balances or reduce debt.  Our




<PAGE>


                                        2


small  position in call options sold, is a residual from a strategy  employed to
partially  finance the  acquisition of a portion of our massive land position in
Timmins in the fall of 1999,  when the gold price  became  very  volatile  after
establishing  a 20-year low in August of 1999.  We are now in a new  environment
requiring  a fresh look at our  approach to gold  hedging and we have  concluded
that delivering into our modest gold book is appropriate."

Item 6.   Reliance  on  Section  75(3)  of  the  Securities  Act  (Ontario)  and
          analogous  securities  legislation  of each of the other  provinces of
          Canada.

N/A

Item 7.   Omitted Information

N/A

Item 8.   Senior Officer

         Ms. Shelley M. Riley
         Corporate Secretary
         Telephone: (416) 365-5198
         Facsimile: (416) 365-0237

Item 9.  Statement of Senior Officer

          The foregoing  accurately  discloses the material  change  referred to
          herein.

          DATED at Toronto this 3rd day of May, 2002.

                                             KINROSS GOLD CORPORATION


                                             PER:   Shelley M. Riley/
                                                    -----------------
                                                    Shelley M. Riley
                                                    Corporate Secretary



</TEXT>
</DOCUMENT>
