<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tex99_1-4863.txt
<DESCRIPTION>EX-99.1
<TEXT>
<PAGE>

                                  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
                  February 3, 2005

      ITEM 3.     NEWS RELEASE
                  News release was issued by Kinross in Toronto on February 3,
                  2005 with respect to the material change and filed via SEDAR.

      ITEM 4.     SUMMARY OF MATERIAL CHANGE

                  Kinross advised its shareholders that the Company would obtain
                  an independent valuation to provide support for the evaluation
                  of goodwill which has resulted from the acquisition of mines
                  in the TVX and Echo Bay transactions completed on January 31,
                  2003 and advised them not to rely on the financial statements
                  or on the related auditor's report for the year ended December
                  31, 2003.

      ITEM 5.     FULL DESCRIPTION OF MATERIAL CHANGE

                  Kinross announced that following a lengthy review of the
                  manner in which it has accounted for goodwill, it has decided
                  to obtain an independent valuation to provide support for the
                  evaluation of the goodwill as of December 31, 2003 and as of
                  December 31, 2004. The $918 million in goodwill resulted from
                  Kinross' acquisition of mines in the TVX and Echo Bay
                  transactions that were completed on January 31, 2003. Although
                  Kinross believes that the goodwill reflected on its balance
                  sheet was not impaired as of December 31, 2003, there is a
                  possibility that the valuations may not support Kinross'
                  belief. Accordingly, until Kinross receives the valuations,
                  the Board of Directors, including the Audit Committee, has
                  advised investors not to rely on the financial statements or
                  on the related auditor's report for the year ended December
                  31, 2003.

                  If, after receiving the valuations, Kinross concludes that
                  goodwill was impaired as of December 31, 2003, it will restate
                  its financial statements as of the year ended December 31,
                  2003 and may also have to restate quarterly financial
                  statements for each of the first three quarters of 2003 and
                  2004. Any impairment will result in non-cash adjustments to
                  reduce the carrying amount of the goodwill in the period in
                  which the impairment occurred and reduce Kinross' net profit
                  for the year 2003 by the amount of the impairment. These
                  non-cash adjustments will also be reflected in the balance
                  sheets of the Company as of each subsequent date, but
                  revenues, cash flow from operations, and production statistics
                  will not be affected.

<PAGE>

                  Any restatement of the historical financial statements for the
                  2003 fiscal year and any quarter would have no effect on
                  Kinross' cash generating ability or its capacity to achieve
                  its operating plans. The time required to undertake the
                  analysis would delay the expected release of the 2004 results
                  beyond February 15th. Kinross also announced that it would
                  release its year-end reserves and certain operating statistics
                  on February 15, 2005.

                  As a result of investors no longer being able to rely on the
                  December 31, 2003 financial statements, the Ontario Securities
                  Commission (the "OSC") has advised that Kinross will be put on
                  the list of defaulting reporting issuers maintained by the
                  OSC.

      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

      ITEM 9.     DATE OF REPORT
                  February 8, 2005.

                                                KINROSS GOLD CORPORATION

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