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<SEC-DOCUMENT>0001188112-06-001329.txt : 20060505
<SEC-HEADER>0001188112-06-001329.hdr.sgml : 20060505
<ACCEPTANCE-DATETIME>20060505143835
ACCESSION NUMBER:		0001188112-06-001329
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20060531
FILED AS OF DATE:		20060505
DATE AS OF CHANGE:		20060505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KINROSS GOLD CORP
		CENTRAL INDEX KEY:			0000701818
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				650430083
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13382
		FILM NUMBER:		06812384

	BUSINESS ADDRESS:	
		STREET 1:		185 SOUTH STATE STREET
		STREET 2:		STE 400
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
		BUSINESS PHONE:		8013639152

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PLEXUS RESOURCES CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>kinross_6k-050406.txt
<DESCRIPTION>FORM 6-K
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                        PURSUANT TO RULE 13a-16 OR 15d-16
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                           For the month of May, 2006
                        Commission File Number: 001-13382
                            KINROSS GOLD CORPORATION
                 (Translation of registrant's name into English)

                  52ND FLOOR, SCOTIA PLAZA, 40 KING STREET WEST
                            TORONTO, ONTARIO M5H 3Y2
                    (Address of principal executive offices)

         Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:

                          Form 20-F [ ]    Form 40-F [X]

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):_____

         Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual report to
security holders.

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_____

         Note: Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

         Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                Yes [ ]   No [X]

         If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2b:


<PAGE>

                                                                          Page 2

This report on Form 6-K is being furnished for the sole purpose of providing
copies of two press releases issued on May 4, 2006 announcing the first quarter
results for the period ended March 31, 2006 and the appointment of Tim Baker as
Executive Vice President and Chief Operating Officer effective June 15, 2006.

                                      INDEX





                                Table of Contents


SIGNATURES
- ----------
EXHIBIT INDEX
- -------------
99.1     Press release dated May 4, 2006
99.2     Press release dated May 4, 2006

<PAGE>

                                                                          Page 3

                                   SIGNATURES


         Pursuant to the requirements of Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                    KINROSS GOLD CORPORATION



                                    Signed: /s/ Shelley M. Riley
                                            --------------------
                                    V.P. Administration and Corporate Secretary



May 4, 2006
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>kinross_6kex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<PAGE>

EXHIBIT 99.1

KINROSS GOLD CORPORATION
40 King Street West, 52nd Floor
Toronto, ON  M5H 3Y2
T:416.365.5123 | F: 416.363.6622
Toll free: 1.866.561.3636
www.kinross.com

================================================================================
                                                                    NEWS RELEASE
                                                                     MAY 4, 2006


               KINROSS ANNOUNCES 2006 FIRST QUARTER REVENUE GROWTH
                          AND EARNINGS OF $8.9 MILLION

                        PARACATU PROJECT SCOPE EXPANDING

TORONTO, ONTARIO - Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross" or the
"Company"), announced today its unaudited results for the first quarter ended
March 31, 2006.

(ALL DOLLAR AMOUNTS IN THIS PRESS RELEASE ARE EXPRESSED IN U.S. DOLLARS,
UNLESS OTHERWISE NOTED)
================================================================================

FIRST QUARTER HIGHLIGHTS

o     Kinross sold 371,818 gold equivalent ounces in the first quarter of 2006.
      The Company remains on track to produce approximately 1.44 million gold
      equivalent ounces in 2006.

o     Revenue was $198.3 million in the first quarter, a 10% increase over the
      same period last year. The increase was mainly due to the
      quarter-over-quarter increase in the average realized price of gold,
      partially offset by fewer ounces sold.

o     The Company realized $532 per ounce of gold sold, an increase of 24% over
      the same period last year, at a cost of sales(1) of $327 per ounce, an
      increase of 20% over the first quarter of 2005, primarily as a result of
      higher costs at Porcupine and Musselwhite, the high cost of producing the
      final low-grade stockpiles at Kubaka as well as industry-wide cost
      pressures and the strengthening Canadian dollar and Brazilian real
      relative to the U.S. dollar. Kinross now expects cost per ounce of gold
      equivalent sold to be in the range of $305 - $315 for 2006.

o     Net earnings of $8.9 million, or $0.03 per share, compared with a net loss
      of $0.9 million in the same period last year. Earnings include an expense
      of $9.4 million relating primarily to non-cash foreign currency
      translation losses on deferred tax liabilities.

o     Cash flow from operating activities was $20.1 million in the first
      quarter.

o     Capital expenditures were $34.7 million for the first quarter 2006 and the
      cash position was $84.1 million as at March 31, 2006 compared with $97.6
      million at year end 2005.

o     The Paracatu engineering study is currently being optimized and the scope
      of the project is increasing with higher production and lower operating
      costs than originally expected. Capital costs are expected to be at the
      high end of the previously announced range of $400 - $500 million. Details
      are expected to be released in mid-June subsequent to a Board meeting to
      review the project and optimization study.

o     The Company moved forward with the Crown Resources transaction by filing a
      registration statement with the SEC.

o     Kinross added to its management team with Tim Baker joining as Executive
      Vice President and Chief Operating Officer, Thomas Boehlert joining as
      Executive Vice President & Chief Financial Officer and Geoffrey Gold
      joining as Senior Vice President & Chief Legal Officer.

================================================================================

_________________

(1) COST OF SALES PER OUNCE IS CALCULATED BY DIVIDING COST OF SALES AS PER THE
FINANCIAL STATEMENTS BY THE NUMBER OF GOLD EQUIVALENT OUNCES SOLD.

<PAGE>

"Kinross is making substantial progress toward realizing our potential," said
Tye Burt, President and Chief Executive Officer of Kinross. "Our revenue has
risen more than our costs this quarter, leading to a higher cash margin. We have
seen increased costs at two of our non-operated joint ventures, but expect that
these costs will improve through the end of the year. Costs are also higher at
the Kubaka mine as it is winding down operations. We have also experienced
industry-wide cost pressures and the strengthening of the Canadian and Brazilian
currencies. We will continue to focus efforts on our continuous improvement
program in order to control costs. We are extremely pleased that the scope of
the Paracatu expansion is expanding beyond our original expectations."

<TABLE>
SUMMARY OF FINANCIAL AND OPERATING RESULTS

=====================================================================================================
                                                                                FIRST QUARTER
- -----------------------------------------------------------------------------------------------------
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AND PER OUNCE AMOUNTS)                2006             2005
- -----------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>
Gold equivalent ounces - produced (a)                                       362,395          410,480
Gold equivalent ounces - sold (a)                                           371,818          415,768
Metal sales                                                             $     198.3     $      179.8
Cost of sales (excludes accretion and reclamation
  expense, depreciation depletion and amortization)                     $     121.5     $      113.1
Accretion and reclamation expense                                       $       3.0     $        3.3
Depreciation, depletion and amortization                                $      29.2     $       44.3
Operating earnings                                                      $      22.4     $         --
Net earnings (loss)                                                     $       8.9     $       (0.9)
Basic and diluted earnings (loss) per common share                      $      0.03     $         --
Cash flow from operating activities                                     $      20.1     $       26.8
Realized gold price                                                     $       532     $        429
Cost of sales per equivalent ounce sold (b)                             $       327     $        272
=====================================================================================================
</TABLE>
(a)  GOLD EQUIVALENT OUNCES INCLUDE SILVER OUNCES CONVERTED TO GOLD BASED ON THE
     RATIO OF THE AVERAGE SPOT MARKET PRICES FOR THE COMMODITIES FOR EACH YEAR.
     THIS RATIO FOR THE FIRST QUARTER OF 2006 WAS 57.03:1, COMPARED WITH 61.31:1
     FOR THE FIRST QUARTER OF 2005.
(b)  COST OF SALES PER OUNCE IS CALCULATED BY DIVIDING COST OF SALES AS PER THE
     FINANCIAL STATEMENTS WITH GOLD EQUIVALENT OUNCES SOLD.

Revenue from metal sales in the first quarter increased 10% quarter-over-quarter
to $198.3 million in 2006 from $179.8 million in 2005, primarily as a result of
higher realized gold prices, partially offset by fewer ounces sold. The realized
gold price in the first quarter of 2006 was $532, compared with $429 per ounce
in 2005. The average spot price for the first quarter was $554 per ounce,
compared with $427 per ounce in the same period of 2005. The difference between
realized gold price and the average spot gold price is primarily due to a
reduction in metal sales of $6.9 million resulting from the net settlement of
155,000 gold call options during the quarter. The Company maintains its no-gold
hedging policy.

Gold equivalent ounces sold and produced were consistent with budgeted amounts
for the quarter. In the first quarter 2006, the Company sold 371,818 gold
equivalent ounces, down from the 415,768 ounces sold in 2005, primarily as a
result of fewer ounces sold at Porcupine, Musselwhite and Fort Knox as well as
planned shutdowns at Kettle River and Lupin and reduced production from Kubaka
as it winds down operations. Gold equivalent production was also lower in the
quarter, but consistent with our annual production target of 1.44 million
ounces.

Between the first quarter of 2005 and 2006, cost of sales increased largely due
to industry-wide factors such as increased costs of fuel, power, labor and other
production costs. Higher costs were also a result of lower than expected grades
at Porcupine and Musselwhite and the high cost of producing the final low-grade
stockpiles at Kubaka. In addition, the strengthening of the Canadian dollar and
Brazilian real against the weakening U.S. dollar has increased costs at the
Company's mines not located in the United States. Kinross is committed to its
continuous improvement program, which looks to new systems, methods and
technologies to improve costs and efficiencies.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 2
<PAGE>

General and administrative expense in the first quarter of 2006 of $10.1 million
was essentially the same as the first quarter of 2005. General and
administrative expense was adversely affected by personnel costs, increased
costs in South America to prepare for the Paracatu expansion and the
strengthening Canadian dollar in 2006. General and administrative expense in
2005 was adversely affected by costs incurred for the financial statement
review.

Cash flow from operating activities during the first quarter of 2006 decreased
by $6.7 million to $20.1 million, compared with the first quarter of 2005. The
decrease in operating cash flow in 2006 was the result of higher operating
costs, other expenses and larger working capital requirements, partially offset
by higher gold prices.

OPERATIONS REVIEW AND UPDATE

<TABLE>
QUARTER ENDED MARCH 31, 2006:
======================================================================================================================
                                       GOLD EQUIVALENT OUNCES
                            ---------------------------------------------
                                  PRODUCED                  SOLD                COST OF SALES           COST/OZ
                            ---------------------   ---------------------    -------------------  --------------------
(IN US$ MILLIONS)             2006        2005        2006        2005         2006       2005       2006       2005
                            ---------------------   ---------------------    -------------------  --------------------
<S>                          <C>         <C>         <C>         <C>        <C>        <C>        <C>         <C>
Fort Knox                    79,677      73,953      67,608      70,998     $   21.5   $   17.5   $   318     $   246
Round Mountain               85,091      95,393      94,067      92,820         27.6       24.1   $   293     $   260
La Coipa                     38,627      34,024      40,066      37,988         11.3       12.5   $   282     $   329
Crixas                       24,121      24,192      23,938      24,156          4.5        3.5   $   188     $   145
Paracatu                     42,900      40,609      46,127      43,482         15.1       12.3   $   327     $   283
Musselwhite                  16,168      21,544      16,860      20,340          7.2        6.4   $   427     $   315
Porcupine Joint Venture      30,132      52,891      32,153      50,060         14.1       13.3   $   439     $   266
Refugio (a)                  32,214       2,947      31,948       3,116         10.7        0.6   $   335     $   193
Other operations (b)         13,465      64,927      15,599      58,835          8.6       18.4   $   551     $   313
Corporate and other (c)          --          --       3,452      13,973          0.9        4.5   $   261     $   322
- -------------------------  ---------------------   ---------------------    -------------------   --------------------
Total                       362,395     410,480     371,818     415,768     $  121.5   $  113.1   $   327     $   272
======================================================================================================================
</TABLE>
(a)   REFUGIO WAS INCLUDED IN OTHER OPERATIONS DURING 2005 AS THE MINE WAS
      RECOMMISSIONED IN THE SECOND HALF OF 2005.
(b)   OTHER OPERATIONS INCLUDE OUNCES PRODUCED AND SOLD FROM KUBAKA AND KETTLE
      RIVER.
(c)   CORPORATE AND OTHER INCLUDES OUNCES SOLD FROM LUPIN AND NEW BRITANNIA,
      ALTHOUGH PRODUCTION IS NOT INCLUDED SINCE THE PROPERTIES ARE IN CLOSURE.

At the PARACATU mine in Brazil, gold equivalent production increased by 6%
between 2005 and 2006 resulting from higher throughput and improved recoveries
as the mine processed softer ore which was partially offset by lower grades.
Cost of sales in 2006 increased 23% over the same quarter of 2005 primarily due
to increased energy and consumable costs, and appreciation of the Brazilian real
against the U.S. dollar.

The Paracatu engineering study and investment capital plan is currently being
finalized. The project team is analyzing the project configuration and mine plan
to optimize capital spending, operating costs, production and mine sequencing.
It is expected that Board approval will be sought for the project at a Board
meeting in June. Scope of the expansion has increased including a higher
throughput rate and production profile with lower operating costs in the first
ten years of operations. The capital required to implement this two-phased
expansion is expected to be at the high end of the previously announced capital
cost guidance of $400 - $500 million. Phase one will include the installation of
a 38 foot semi-autogenous grinding mill, a ball mill and flotation circuit. The
second phase will involve reconditioning the existing plant and expanding
refining capacity.

"We are very pleased with the expansion opportunity at Paracatu as this project
will be amongst largest gold mines in the western hemisphere," said Burt.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 3
<PAGE>

At ROUND MOUNTAIN in the United States, production declined 11% in the first
quarter of 2006 relative to the prior year due to lower throughput and grades.
Tonnes processed decreased during the quarter due to reduced loader
availability, crusher downtime and weather related delays. Cost of sales
increased by 15% due to increased commodity related costs, higher costs on
replacement parts, increased contractor costs on equipment maintenance as well
as higher royalties and taxes due to a stronger gold price.

Production at the FORT KNOX mine in the United States increased 8% reflecting an
increase in tonnes processed and higher grades, partially offset by lower
recoveries. Production in the first quarter of 2005 was impacted by slope
stability issues. Cost of sales, on a per ounce basis, increased 23% due to
increases in fuel, power and other operating costs.

At the non-operated PORCUPINE JOINT VENTURE in Canada, gold production in the
first quarter of 2006 was 43% lower than 2005. This decrease in production was
largely due to lower grades as mining in the higher grade Dome pit was completed
in the fourth quarter of 2005. While a decrease in average grade was budgeted,
the actual mined grade at Pamour was lower than anticipated as a result of
geological and mining factors that increased dilution. Review of the geological
model and improved mining practice will reduce dilution at Pamour. Gold
production was further impacted by an unplanned mill shutdown which reduced mill
throughput. Cost of sales increased 6% as the operation processed a similar
number of tonnes compared to the first quarter of 2005, though at lower grades.
The increase was also impacted by higher energy and commodity costs, and a 6%
increase in value of the Canadian dollar against the U.S. dollar
quarter-over-quarter.

At the non-operated LA COIPA operation in Chile, gold equivalent production
increased 14% during the first quarter of 2006 mainly due to higher gold and
silver grades. The lower grades in 2005 were the result of changes to the mine
plan due to pit slope failures. Cost of sales decreased by 10% between the first
quarter of 2005 and the first quarter of 2006 due to increased costs in the
first quarter of 2005 resulting from the pit slope failures. This was partially
offset by higher power costs and a 9% appreciation of the Chilean peso against
the U.S. dollar between the first quarter of 2005 and the first quarter of 2006.

At the non-operated CRIXAS mine in Brazil, gold production was comparable during
the first quarters of 2006 and 2005. Costs of sales increased
quarter-over-quarter by 29% due to the mining of additional tonnes of ore at
lower grades along with the 18% appreciation of the Brazilian real against the
U.S. dollar.

Recommissioning of the expanded facilities at the REFUGIO mine in Chile was
completed and the mine went into commercial production in the fourth quarter of
2005. During the first quarter of 2006, gold equivalent production of 32,214
ounces was as expected with a cost of sales of $10.7 million.

Gold equivalent production at the non-operated MUSSELWHITE mine in Canada was
25% lower due to localized ground conditions that delayed access to higher-grade
ore blocks. As a result, mill feed for the quarter was limited to lower-grade
ore from underground and stockpiles. Average grade for the quarter was 22% lower
than the first quarter of 2005. A re-engineered mining sequence to access and
mine the high-grade blocks has been completed and is currently being reviewed.
Cost of sales increased by 13% due to increased energy and commodity costs and a
6% appreciation in the Canadian dollar against the U.S. dollar in the first
quarter of 2006, compared with the first quarter of 2005.

At Kinross' other operations production of 13,465 gold equivalent ounces relates
primarily to residual production from stockpiles at KUBAKA as the mine is
winding down. Cost of sales includes the costs for processing those residual
ounces as well as other fixed costs associated with the Kubaka operation.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 4
<PAGE>

2006 OUTLOOK

Kinross expects to meet the previously forecasted annual gold equivalent
production of 1.44 million ounces. It is expected that higher commodity and
energy costs, along with a weakened U.S. dollar will continue to negatively
impact cost of sales, now expected to be in the range of $305 - $315 per ounce
for 2006, 7% higher than previous guidance.

EXPLORATION AND BUSINESS DEVELOPMENT

Exploration and business development expense for the first quarter of 2006 was
$7.5 million, compared with $4.9 million for the corresponding period in 2005,
an increase of 53%. Aggregate exploration and business development is expected
to be approximately $30 million for the year. The focus of the Company's
exploration program is to replace and increase mineral reserves at existing
mines and increase mineral reserves at its development projects.

OTHER INCOME (EXPENSE) - NET

- --------------------------------------------------------------------------------
IN US$ MILLIONS                                           Three months ended
                                                               March 31,
                                                        ------------------------
                                                          2006            2005
- --------------------------------------------------------------------------------

Interest and other income                               $   1.7          $  1.9
Interest expense                                           (2.5)           (1.9)
Foreign exchange gains (losses)                            (9.4)            1.7
Non-hedge derivative losses                                (2.5)             --
- --------------------------------------------------------------------------------
Other income (expense) - net                            $ (12.7)         $  1.7
- --------------------------------------------------------------------------------

NON-HEDGE DERIVATIVE LOSSES

At December 31, 2005, the Company had 255,000 written gold call options
outstanding that had a mark-to-market liability of $6.2 million, based on the
year end gold price of $513 per ounce. The written call options had an average
strike price of $522 per ounce. During the first quarter of 2006, net positions
on 155,000 call options were closed out with total cash payments of $9.7
million, resulting in a realized loss of $6.9 million. The realized loss was
recorded as a reduction to metal sales. At March 31, 2006, the remaining 100,000
written call options outstanding had a strike price of $530 per ounce with
expiry dates in the second quarter of 2006 and had a mark-to-market liability of
$6.2 million. This liability will be credited to income when the options are
settled.

FOREIGN EXCHANGE GAINS (LOSSES)

A net foreign exchange loss of $9.4 million was recorded during the first
quarter of 2006, compared with a net gain of $1.7 million for the comparative
period in 2005. The loss on foreign exchange in the first quarter of 2006 was
largely the result of the impact of strengthening Brazilian real on Brazilian
deferred tax liabilities.

INCOME AND MINING TAXES

During the first quarter of 2006, the Company recorded a provision for income
and mining taxes of $0.6 million on earnings before tax of $9.7 million. During
the corresponding period in 2005, the Company recorded a provision for income
and mining taxes of $2.6 million on earnings before tax of $1.7 million.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 5
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

The following table summarizes Kinross' cash flow activity for the three months
ended March 31, 2006 and 2005:

- --------------------------------------------------------------------------------
IN US$ MILLIONS                                            Three months ended
                                                                March 31,
                                                        ------------------------
                                                           2006           2005
- --------------------------------------------------------------------------------

Cash flow:
   Provided from operating activities                    $  20.1        $  26.8
   Used in investing activities                            (35.1)         (38.8)
   Provided from financing acitvities                        0.2           16.6
Effect of exchange rate changes on cash                      1.3             --
- --------------------------------------------------------------------------------
Increase (decrease) in cash and
   cash equivalents                                        (13.5)           4.6
Cash and cash equivalents:
   Beginning of period                                      97.6           47.9
- --------------------------------------------------------------------------------
   End of period                                         $  84.1        $  52.5
- --------------------------------------------------------------------------------


OPERATING ACTIVITIES

Cash flow provided by operating activities was $20.1 million in the first
quarter of 2006, compared with $26.8 million in the corresponding period in
2005. The increase in cash provided by higher revenue was offset by higher
operating costs, other expenses and larger working capital requirements during
the quarter.

INVESTING ACTIVITIES

Net cash used in investing activities was $35.1 million in the first quarter of
2006, versus $38.8 million during the same period in 2005. Cash used included
additions to property, plant and equipment of $34.7 million and $38.1 million in
the first quarters of 2006 and 2005, respectively. The following table provides
a breakdown of capital expenditures:

- --------------------------------------------------------------------------------
IN US$ MILLIONS                                             Three months ended
                                                                 March 31,
                                                          ----------------------
                                                             2006         2005
- --------------------------------------------------------------------------------

OPERATING SEGMENTS
   Fort Knox                                                $  8.9       $ 10.5
   Round Mountain                                              2.9          1.0
   La Coipa                                                    3.0          1.0
   Crixas                                                      1.7          1.4
   Paracatu                                                    8.4          3.9
   Musselwhite                                                 1.1          1.2
   Porcupine Joint Venture                                     4.7          6.1
   Refugio                                                     2.3         12.6
   Other operations                                            0.6          0.1
CORPORATE & OTHER                                              1.1          0.3
- --------------------------------------------------------------------------------
                                                            $ 34.7       $ 38.1
- --------------------------------------------------------------------------------

Capital expenditures in the first quarter of 2006 included costs related to
accessing the phase six ore zone at Fort Knox, development of the Pamour pit at
the Porcupine Joint Venture and costs at Paracatu related to the mine and mill
expansion.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 6
<PAGE>

FINANCING ACTIVITIES

Net cash of $0.2 million was provided by financing activities in the first
quarter of 2006, versus $16.6 million in the first quarter of 2005. Proceeds
from the issue of common shares of $0.7 million were partially offset by a $0.5
million net repayment of debt. Cash provided in the first quarter of 2005 was
primarily from the net issuance of debt of $16.1 million, which related largely
to a $15.0 million increase to the LIBOR loan drawn on the Company's revolving
credit facility.

BALANCE SHEET

- --------------------------------------------------------------------------------
IN US$ MILLIONS                                                 AS AT:
                                                     ---------------------------
                                                       March 31,    December 31,
                                                         2006          2005
- --------------------------------------------------------------------------------

Cash and cash equivalents                             $     84.1    $     97.6
Current assets                                        $    241.9    $    241.9
Total assets                                          $  1,712.2    $  1,698.1
Current liabilities                                   $    171.9    $    177.9
Total debt (includes current portion) (a)             $    173.0    $    176.1
Total liabilities (b)                                 $    622.5    $    622.0
Shareholders' equity                                  $  1,089.7    $  1,076.1
- --------------------------------------------------------------------------------
Statistics
   Working capital                                    $     70.0    $     64.0
   Working capital ratio (c)                               1.41x         1.36x
- --------------------------------------------------------------------------------
(a)   INCLUDES LONG-TERM DEBT PLUS THE CURRENT PORTION THEREOF AND PREFERRED
      SHARES PLUS CURRENT PORTION OF DEBT.
(b)   INCLUDES PREFERRED SHARES AND NON-CONTROLLING INTEREST.
(c)   CURRENT ASSETS DIVIDED BY CURRENT LIABILITIES.

Cash during the quarter decreased by $13.5 million to $84.1 million, with cash
used in investing activities exceeding cash provided from operating and
financing activities. The Company's net working capital increased from $64.0
million to $70.0 million during the quarter, with increases in receivables and
inventory and a decrease in current liabilities offsetting the decrease in cash.

CROWN UPDATE

On April 24, Kinross' amended F-4 registration statement in connection with the
acquisition of Crown Resources was filed with United States Securities and
Exchange Commission ("SEC"). Kinross is awaiting the completion of the
regulatory review to allow Crown to proceed with distributing the information
circular to its shareholders who will vote on the proposed merger.

ANNUAL AND SPECIAL MEETING AND FIRST QUARTER RESULTS

Kinross will hold its annual and special meeting on May 4, 2006, at 9:00 am EST
at the Fairmont Royal York Hotel, Upper Canada Ballroom, 18th Floor, 100 Front
Street West, Toronto, Ontario, Canada.


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 7
<PAGE>

ANNUAL AND SPECIAL MEETING CONFERENCE CALL DETAILS

You may listen in to the annual and special meeting and comments on the first
quarter results via conference call or listen and watch the presentation through
our website at WWW.KINROSS.COM. The call and webcast will begin at 9:00 am EST,
May 4, and will be on a listen-only basis.

To access the call, please dial:
         TORONTO AND INTERNATIONALLY - 416-644-3428
         TOLL FREE IN NORTH AMERICA - 1-800-814-4861

REPLAY: (AVAILABLE MAY 4 TO MAY 18, 2006)    PASSCODE - 21185092#
         TORONTO AND INTERNATIONALLY - 416-640-1917
         TOLL FREE IN NORTH AMERICA - 1-877-289-8525

The conference call and webcast will be archived on our website at
www.kinross.com. The conference call will be segmented to allow for listens to
either focus in on either the comments on the Annual and Special Meeting or the
discussion regarding the first quarter results.

FIRST QUARTER QUESTION AND ANSWER CONFERENCE CALL DETAILS

Kinross will also hold a question and answer session via conference call to
address questions regarding the 2006 first quarter results at 12 noon EDT.

To access this call, please dial:
         TORONTO AND INTERNATIONALLY - 416-644-3428
         TOLL FREE IN NORTH AMERICA - 1-800-814-4861

REPLAY: (AVAILABLE MAY 4 TO MAY 18, 2006)    PASSCODE - 21188349#
         TORONTO AND INTERNATIONALLY - 416-640-1917
         TOLL FREE IN NORTH AMERICA - 1-877-289-8524

ABOUT KINROSS GOLD CORPORATION

Kinross, a world-class gold company based in Canada, has since 1993 become the
fourth largest primary gold producer in North America and the eighth largest in
the world. With nine mines in stable countries including Canada, the United
States, Brazil and Chile, Kinross employs more than 4,000 people worldwide.

Kinross maintains a strong balance sheet and a no gold hedging policy. Kinross
is focused on a strategic objective to maximize net asset value and cash flow
per share through a four-point plan built on growth from core operations;
expanding capacity for the future; attracting and retaining the best people in
the industry; and driving new opportunities through exploration and acquisition.

Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New
York Stock Exchange (symbol:KGC).

- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 8
<PAGE>

- --------------------------------------------------------------------------------

CAUTIONARY STATEMENT ON FORWARD LOOKING INFORMATION


CERTAIN INFORMATION CONTAINED OR INCORPORATED BY REFERENCE IN THIS PRESS
RELEASE, INCLUDING ANY INFORMATION AS TO OUR FUTURE FINANCIAL OR OPERATING
PERFORMANCE, CONSTITUTES "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS, OTHER
THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. THE WORDS
"BELIEVE", "EXPECT", "ANTICIPATE", "PLAN", "INTENDS", "CONTINUE", "BUDGET",
"ESTIMATE", "MAY", "WILL", "SCHEDULE" 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
US, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC AND COMPETITIVE
UNCERTAINTIES AND CONTINGENCIES. KNOWN AND UNKNOWN FACTORS COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. SUCH FACTORS INCLUDE, BUT ARE NOT LIMITED TO: FLUCTUATIONS IN THE
CURRENCY MARKETS; FLUCTUATIONS IN THE SPOT AND FORWARD PRICE OF GOLD OR CERTAIN
OTHER COMMODITIES (SUCH AS SILVER, DIESEL FUEL AND ELECTRICITY); CHANGES IN
NATIONAL AND LOCAL GOVERNMENT LEGISLATION, TAXATION, CONTROLS, REGULATIONS AND
POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, CHILE, BRAZIL
OR OTHER COUNTRIES IN WHICH WE DO OR MAY CARRY ON BUSINESS IN THE FUTURE;
BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY, US; OPERATING OR
TECHNICAL DIFFICULTIES IN CONNECTION WITH MINING OR DEVELOPMENT ACTIVITIES; THE
SPECULATIVE NATURE OF GOLD EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF
OBTAINING NECESSARY LICENSES AND PERMITS; AND DIMINISHING QUANTITIES OR GRADES
OF RESERVES. IN ADDITION, THERE ARE RISKS AND HAZARDS ASSOCIATED WITH THE
BUSINESS OF GOLD EXPLORATION, DEVELOPMENT AND MINING, INCLUDING ENVIRONMENTAL
HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED FORMATIONS, PRESSURES,
CAVE-INS, FLOODING AND GOLD BULLION LOSSES (AND THE RISK OF INADEQUATE
INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS). MANY OF
THESE UNCERTAINTIES AND CONTINGENCIES CAN AFFECT OUR ACTUAL RESULTS AND COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN ANY
FORWARD-LOOKING STATEMENTS MADE BY, OR ON BEHALF OF, US. READERS ARE CAUTIONED
THAT FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE. ALL OF
THE FORWARD-LOOKING STATEMENTS MADE IN THIS PRESS RELEASE ARE QUALIFIED BY THESE
CAUTIONARY STATEMENTS. WE REFER THE READERS TO OUR MOST RECENT ANNUAL
INFORMATION FORM, MANAGEMENT DISCUSSION AND ANALYSIS AND OTHER FILINGS WITH THE
SECURITIES REGULATORS OF CANADA AND THE UNITED STATES FOR MORE DETAILS OF THE
RISKS AFFECTING KINROSS.

WE DISCLAIM ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING
STATEMENTS WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE,
EXCEPT TO THE EXTENT REQUIRED BY APPLICABLE LAWS.

THE TECHNICAL INFORMATION ABOUT THE COMPANY'S MATERIAL MINERAL PROPERTIES
CONTAINED IN THIS PRESS RELEASE HAS BEEN PREPARED UNDER THE SUPERVISION OF MR.
WES HANSON AN OFFICER OF THE COMPANY WHO IS A "QUALIFIED PERSON" WITHIN THE
MEANING OF NATIONAL INSTRUMENT 43-101.
- --------------------------------------------------------------------------------

For additional information, e-mail info@kinross.com or contact:

INVESTOR RELATIONS CONTACT:                  MEDIA CONTACT:

TRACEY THOM                                  TIM TUTSCH
DIRECTOR, INVESTOR RELATIONS                 WILCOX GROUP
& CORPORATE COMMUNICATIONS                   (416) 203-6666
(416) 365-1362                               ttutsch@wilcoxgroup.com
Tracey.thom@kinross.com


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                          Page 9
<PAGE>

SUPPLEMENTARY INFORMATION:

<TABLE>
REVENUE ANALYSIS

============================================================================================
                                                                        FIRST QUARTER
- --------------------------------------------------------------------------------------------
(IN US$ MILLIONS, EXCEPT OUNCES AND PER SHARE AMOUNTS)             2006              2005
- --------------------------------------------------------------------------------------------
<S>                                                            <C>               <C>
Gold equivalent ounces - sold                                     371,818           415,768
Gold ounces - sold                                                356,348           401,114
Silver ounces - sold                                              882,296           898,454
Average realized gold price ($/ounce)                          $      532        $      429
Gold sales - revenue                                           $    196.3        $    172.2
Loss on metal derivative contracts                                   (6.9)             (0.3)
Silver sales revenue                                                  8.9               7.9
- --------------------------------------------------------------------------------------------
Total revenue                                                  $    198.3        $    179.8
============================================================================================
</TABLE>

RECLAMATION ANALYSIS

================================================================================
(IN US$ MILLIONS)                                     Q1 2006          Q1 2005
- --------------------------------------------------------------------------------

Accretion and reclamation expenses                    $  3.0            $  3.3
Reclamation cash expenditures                         $ (3.1)           $ (5.5)
================================================================================


- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                         Page 10
<PAGE>

<TABLE>
2006 Q1 OPERATING SUMMARY

                                      ORE                             GOLD EQUIV. GOLD EQUIV.                             CAPITAL
MINE                   OWNERSHIP  PROCESSED(1)   GRADE   RECOVERY(2)  PRODUCTION    SOLD          COST OF SALES         EXPENDITURE
- ------------------------------------------------------------------------------------------------------------------------------------
                                  (000 TONNES)   (G/T)      (%)        (OUNCES)    (OUNCES)   ($ MILLIONS)  ($/OUNCE)   ($ MILLIONS)
<S>                      <C>         <C>          <C>       <C>         <C>         <C>        <C>          <C>          <C>
North America
- ------------------------------------------------------------------------------------------------------------------------------------
Fort Knox                100%        3,183        0.91      85.3%       79,677      67,608     $    21.5    $   318      $       8.9
Round Mountain            50%       12,981        0.58        N/A       85,091      94,067          27.6        293              2.9
Porcupine                 49%          997        2.17      90.3%       30,132      32,153          14.1        439              4.7
Musselwhite               32%          354        4.71      94.3%       16,168      16,860           7.2        427              1.1
- ------------------------------------------------------------------------------------------------------------------------------------

South America
- ------------------------------------------------------------------------------------------------------------------------------------
Paracatu                 100%        4,333        0.39      78.4%       42,900      46,127          15.1        327              8.4
La Coipa (3)              50%        1,577        1.19      82.9%       38,627      40,066          11.3        282              3.0
Crixas                    50%          198        7.96      95.2%       24,121      23,938           4.5        188              1.7
Refugio                   50%        3,124        0.79        N/A       32,214      31,948          10.7        335              2.3
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
Other operations          --           n/a         n/a        n/a       13,465      15,599           8.6        551              0.6
Corporate and other       --           n/a         n/a        n/a           --       3,452           0.9        261              1.1
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
Total                     --            --          --         --      362,395     371,818     $   121.5    $   327      $      34.7
- ------------------------------------------------------------------------------------------------------------------------------------

1.    Ore processed are to 100%, production and costs are to Kinross' account.
2.    Due to the nature of heap leach operations recovery rates cannot be accurately measured on a quarterly basis
      at Round Mountain and Refugio.
3.    La Coipa silver grade was 58.18 g/t; recovery 52.7%.


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          2006 FIRST QUARTER RESULTS
                                                                                                                             Page 11
</TABLE>
<PAGE>

<TABLE>
CONSOLIDATED BALANCE SHEETS

UNAUDITED (EXPRESSED IN MILLIONS OF U.S. DOLLARS, EXCEPT SHARE AMOUNTS)
======================================================================================================
                                                                                AS AT
                                                                --------------------------------------
                                                                    MARCH 31,           DECEMBER 31,
                                                                      2006                 2005
- ------------------------------------------------------------------------------------------------------
<S>                                                             <C>                  <C>
Assets
Current assets
Cash and cash equivalents                                       $           84.1     $           97.6
Restricted cash                                                              1.3                  1.3
Accounts receivable and other assets                                        37.1                 27.8
Inventories                                                                119.4                115.2
                                                                --------------------------------------
                                                                           241.9                241.9
Property, plant and equipment                                            1,073.8              1,064.7
Goodwill                                                                   321.2                321.2
Long-term investments                                                       21.3                 21.2
Deferred charges and other long-term assets                                 54.0                 49.1
                                                                --------------------------------------
                                                                $        1,712.2     $        1,698.1
                                                                ======================================
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities                        $          129.7     $          132.2
Current portion of long-term debt                                            9.5                  9.4
Current portion of reclamation and remediation obligations                  32.7                 36.3
                                                                --------------------------------------
                                                                           171.9                177.9
Long-term debt                                                             149.2                149.9
Reclamation and remediation obligations                                    143.1                139.6
Future income and mining taxes                                             135.5                129.6
Other long-term liabilities                                                  8.3                  7.9
Redeemable retractable preferred shares                                     --                    2.7
                                                                --------------------------------------
                                                                           608.0                607.6
                                                                --------------------------------------
COMMITMENTS AND CONTINGENCIES
NON-CONTROLLING INTEREST                                                     0.2                  0.3
                                                                --------------------------------------
CONVERTIBLE PREFERRED SHARES OF SUBSIDIARY COMPANY                          14.3                 14.1
                                                                --------------------------------------
COMMON SHAREHOLDERS' EQUITY
Common share capital and common share purchase warrants                  1,782.4              1,777.6
Contributed surplus                                                         52.5                 52.6
Accumulated deficit                                                       (744.0)              (752.9)
Cumulative translation adjustments                                          (1.2)                (1.2)
                                                                --------------------------------------
                                                                         1,089.7              1,076.1
                                                                --------------------------------------
                                                                $        1,712.2     $        1,698.1
                                                                ======================================
COMMON SHARES
AUTHORIZED                                                             UNLIMITED            UNLIMITED
Issued and outstanding                                               346,540,173          345,417,147
======================================================================================================


- ------------------------------------------------------------------------------------------------------
                                                                            2006 FIRST QUARTER RESULTS
                                                                                               Page 12
</TABLE>
<PAGE>

<TABLE>
CONSOLIDATED STATEMENTS OF OPERATIONS

UNAUDITED (EXPRESSED IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AND SHARE AMOUNTS)
=========================================================================================================
                                                                                    THREE MONTHS ENDED
                                                                                         MARCH 31,
                                                                                  -----------------------
                                                                                     2006          2005
- ---------------------------------------------------------------------------------------------------------
<S>                                                                               <C>           <C>
REVENUE
Metal sales                                                                       $   198.3     $  179.8

OPERATING COSTS AND EXPENSES

Cost of sales (excludes accretion, depreciation, depletion and amortization)          121.5        113.1
Accretion and reclamation expense                                                       3.0          3.3
Depreciation, depletion and amortization                                               29.2         44.3
                                                                                  -----------------------
                                                                                       44.6         19.1
Other operating costs                                                                   4.6          3.5
Exploration and business development                                                    7.5          4.9
General and administrative                                                             10.1         10.2
Impairment charges:
Investments and other assets                                                             --          0.6
Gain on disposal of assets                                                               --         (0.1)
                                                                                  -----------------------
OPERATING EARNINGS                                                                     22.4           --

Other (expense) income - net                                                          (12.7)         1.7
                                                                                  -----------------------
EARNINGS BEFORE TAXES AND OTHER ITEMS                                                   9.7          1.7

Income and mining taxes expense                                                        (0.6)        (2.6)
Non-controlling interest                                                                 --          0.2
Dividends on convertible preferred shares of subsidiary                                (0.2)        (0.2)
                                                                                  -----------------------
NET EARNINGS (LOSS)                                                               $     8.9     $   (0.9)
                                                                                  =======================

EARNINGS (LOSS) PER SHARE
Basic                                                                             $     0.03    $   --
Diluted                                                                           $     0.03    $   --
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (millions)
Basic                                                                                 345.9        345.1
Diluted                                                                               346.5        345.1
=========================================================================================================


- ---------------------------------------------------------------------------------------------------------
                                                                               2006 FIRST QUARTER RESULTS
                                                                                                  Page 13
</TABLE>
<PAGE>

CONSOLIDATED STATEMENTS OF CASH FLOWS


2006 Q1 OPERATING SUMMARY

<TABLE>
<CAPTION>
                                                                   ORE             ORE       ORE TO
Mine                                Ownership         Year       mined    processed (1)       LEACH       GRADE
- ------------------------------------------------------------------------------------------------------------------
                                                           (000 TONNES)    (000 TONNES) (000 TONNES)       (G/T)
<S>                                      <C>        <C>                          <C>                       <C>
North America
- ------------------------------------------------------------------------------------------------------------------
Fort Knox                                100%      Q1 2006                       3,183            -        0.91
Round Mountain                            50%      Q1 2006      20,734          12,981            -        0.58
Porcupine                                 49%      Q1 2006       6,811             997            -        2.17
Musselwhite                               32%      Q1 2006       1,446             354            -        4.71
- ------------------------------------------------------------------------------------------------------------------
South America
- ------------------------------------------------------------------------------------------------------------------
Paracatu                                 100%      Q1 2006      17,224           4,333            -        0.39
La Coipa (3)                              50%     Q1 (2006)      2,626           1,577            -        1.19
Crixas                                    50%      Q1 2006         797             198            -        7.96
Refugio                                   50%      Q1 2006      14,000           3,124       14,000        0.79
- ------------------------------------------------------------------------------------------------------------------
Other operations                                                                   n/a                      n/a
Corporate and other                                                                n/a                      n/a
- ------------------------------------------------------------------------------------------------------------------
Total                                              Q1 2006
- ------------------------------------------------------------------------------------------------------------------
</TABLE>



second part of table

<TABLE>
<CAPTION>
                                                      OPERATING
                                        GOLD EQUIV.      GOLD        EQUIV.                           PRODUCTION   CAPITAL
                          RECOVERY (2)  PRODUCTION       COSTS       SOLD     COST OF SALES              COST     EXPENDITURE
                         ---------------------------------------------------------------------------------------------------
                                (%)     (OUNCES)        ($/OZ)     (OUNCES)    ($ MILLIONS)  ($/OUNCE)    ($/OZ)   ($ MILLIONS)
                         --------------------------------------------------------------------------------------------------
<S>                            <C>         <C>                     <C>         <C>           <C>                     <C>
North America
- -------------------------------------------------------------------------------------------------------------------------
Fort Knox                      85.3%       79,677                  67,608      $ 21.5        $ 318                   $ 8.9
Round Mountain                   N/A       85,091                  94,067        27.6          293                     2.9
Porcupine                      90.3%       30,132                  32,153        14.1          439                     4.7
Musselwhite                    94.3%       16,168                  16,860         7.2          427                     1.1
- ---------------------------------------------------------------------------------------------------------------------------
South America
- ---------------------------------------------------------------------------------------------------------------------------
Paracatu                       78.4%       42,900                  46,127        15.1          327                     8.4
La Coipa (3)                   82.9%       38,627                  40,066        11.3          282                     3.0
Crixas                         95.2%       24,121                  23,938         4.5          188                     1.7
Refugio                          N/A       32,214                  31,948        10.7          335                     2.3
- ---------------------------------------------------------------------------------------------------------------------------
Other operations                 n/a       13,465                  15,599         8.6          551                     0.6
Corporate and other              n/a            -                   3,452         0.9          261                     1.1
- ---------------------------------------------------------------------------------------------------------------------------
Total                                     362,395                 371,818      $121.5        $ 327                  $ 34.7
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>


1. Ore processed are to 100%, production and costs are to Kinross' account.
2. Due to the nature of heap leach operations recovery rates cannot be
   accurately measured on a quarterly basis at Round Mountain and Refugio.
3. La Coipa silver grade was 58.18 g/t; recovery 52.7%.





- --------------------------------------------------------------------------------
                                                      2006 FIRST QUARTER RESULTS
                                                                         Page 14
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>kinross_6kex99-2.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<PAGE>

EXHIBIT 99.2

KINROSS GOLD CORPORATION
40 King Street West, 52nd Floor
Toronto, ON  M5H 3Y2
T:416.365.5123 | F: 416.363.6622
Toll free: 1.866.561.3636
www.kinross.com

================================================================================
                                                                    NEWS RELEASE
                                                                     MAY 4, 2006


      KINROSS ANNOUNCES APPOINTMENT OF TIM BAKER AS CHIEF OPERATING OFFICER


TORONTO - KINROSS GOLD CORPORATION (TSX-K; NYSE-KGC) ("Kinross" or the
"Company") is pleased to announce the appointment of Tim Baker as Executive Vice
President and Chief Operating Officer of Kinross effective June 15, 2006.

Most recently, Mr. Baker was Executive General Manager of Placer Dome Chile,
where he was responsible for the Placer Dome operations there, including the
Zaldivar mine and the Kinross-Placer joint venture at La Coipa as well as the
Pueblo Viejo project in the Dominican Republic. Mr. Baker has extensive
experience in all aspects of international mining operations including cost
control, operational efficiency and capital expansions. His 30-year career has
spanned several continents, including key posts in Canada, Latin America, Africa
and the United States. Mr. Baker and his family will return to Canada take up
his position with Kinross in Toronto.

He also has significant experience in environmental, health and safety matters
in addition to background expertise in government relations, permit acquisition
and community relations. Mr. Baker completed his Bachelor of Science (Geology)
at Edinburgh University in Scotland and attended the Executive Management
program at Queen's University.

"Tim Baker has a lifetime of experience in operating mines and projects around
the world and will be a great asset on a strong Kinross team," said Tye Burt,
President and Chief Executive Officer of Kinross Gold Corporation. "Tim has
tremendous hands-on operational experience and we look forward to his knowledge
and expertise in our global operations."

Kinross also announced today the resignation of Scott Caldwell, effective the
end of June 2006, as Executive Vice President and Chief Operating Officer for
the Company to become the President of a new, privately-held affiliate, in which
Kinross will be the primary investor. This new partnership will pursue
early-stage energy-related opportunities in the United States, Canada and
Russia. Mr. Caldwell has been with Kinross since May 1998.

"Scott has been a key factor in Kinross' success today as a major gold producer.
We are excited about the future possibilities this new venture will present,"
added Tye Burt. "Senior management and the Board of Directors wish to thank
Scott for his valuable contribution to the Company."

"I am pleased that both Scott and Tim are committed to a smooth transition and
that our team continues to grow stronger with the addition and retention of the
best people in the industry," said Tye Burt.

<PAGE>

ABOUT KINROSS GOLD CORPORATION

Kinross, a world-class gold company based in Canada is the fourth largest
primary gold producer in North America and the eight largest in the world. With
nine mines in stable countries including Canada, the United States, Brazil and
Chile, Kinross employs more than 4,000 people worldwide.

Kinross has a strong balance sheet and a no-gold hedging policy. Kinross is
focused on a strategic objective to maximize net asset value and cash flow per
share through a four-point plan built on growth from core operations; expanding
capacity for the future; attracting and retaining the best people in the
industry; and driving new opportunities through exploration and acquisition.

Kinross maintains listings on the New York Stock Exchange (symbol:KGC) and on
the Toronto Stock Exchange (symbol:K).


- --------------------------------------------------------------------------------
For additional information, e-mail info@kinross.com or contact:

INVESTOR RELATIONS CONTACT:                  MEDIA CONTACT:

TRACEY M. THOM                               TIM TUTSCH
DIRECTOR, INVESTOR RELATIONS                 WILCOX GROUP
& CORPORATE COMMUNICATIONS
Tel. (416) 365-1362                          Tel. (416) 203-6666
tracey.thom@kinross.com                      ttutsch@wilcoxgroup.com




- --------------------------------------------------------------------------------
                                                       Kinross announces new COO
                                                                          Page 2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
