<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tex99_1-4393b.txt
<DESCRIPTION>EX-99.1
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                                  FORM 51-102F3
                             MATERIAL CHANGE REPORT

ITEM 1.     NAME AND ADDRESS OF COMPANY
            Kinross Gold Corporation ("Kinross" or the "Company"),
            52nd Floor, 40 King St. West,
            Toronto, ON  M5H 3Y2

ITEM 2.     DATE OF MATERIAL CHANGE
            December 31, 2004.

ITEM 3.     NEWS RELEASE

            News release was issued by Kinross in Toronto on December 31, 2004
            with respect to the material change and filed via SEDAR.

ITEM 4.     SUMMARY OF MATERIAL CHANGE
            Kinross announced that it had completed the purchase of the 51% of
            the Rio Paracatu Mineracao,  the owner of the Morro do Ouro mine
            (also known as Paracatu) in Brazil from Rio Tinto Plc.

ITEM 5.     FULL DESCRIPTION OF MATERIAL CHANGE
            Kinross Gold Corporation announced that it had completed the
            purchase of the 51% of the Rio Paracatu Mineracao (RPM), the owner
            of the Morro do Ouro mine (also known as Paracatu) in Brazil from
            Rio Tinto Plc. Consideration of US$260 million was paid in cash on
            completion and is subject to a working capital adjustment post
            completion. This calculation will be based on final accounting
            records for December 31, 2004 and will take several weeks to
            compile. In connection with this transaction, Kinross increased its
            credit facility to US$200 million and borrowed US108 million under
            such credit facility to satisfy a portion of the purchase price.
            Kinross now owns 100% of the property and becomes the operator.

            The RPM gold mine is located near Brasilia in the state of Minas
            Gerais, Brazil. It has been in operation since 1987. Kinross
            acquired its 49% interest in the mine on January 31, 2003 when it
            merged with TVX Gold Inc.

ITEM 6.     RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
            N/A

ITEM 7.     OMITTED INFORMATION
            N/A

ITEM 8.     EXECUTIVE OFFICER
            Ms. Shelley M. Riley
            Corporate Secretary
            Telephone: (416) 365-5198
            Facsimile: (416) 365-0237

<PAGE>

ITEM 9.     DATE OF REPORT
            December 31, 2004.


                                             KINROSS GOLD CORPORATION

                                             PER:  /s/ Shelley Riley
                                                   ---------------------------
                                                   Shelley Riley
                                                   Corporate Secretary



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