<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<PAGE>

Exhibit 99.1

                                                              SEPTEMBER 20, 2006


                     KINROSS COMPLETES NEW CREDIT FACILITIES
                             TOTALING US$500 MILLION

TORONTO, ONTARIO - Kinross Gold Corporation (TSX: K, NYSE: KGC) ("Kinross")
announced today that it has entered into a new revolving and term credit
facility with ScotiaCapital and a group of lenders. The US$300 million three
year revolving credit facility will support Kinross' liquidity and letter of
credit needs. The five and a half year US$200 million term loan will support the
previously announced expansion program at the Paracatu mine in Brazil.

Other lenders include Export Development Canada, Societe Generale, Royal Bank of
Canada, and other international financial institutions.

"We are very pleased that our relationship banks have firmly supported the
Paracatu expansion project in providing this new term loan" said Thomas
Boehlert, Kinross' CFO. "The project will begin delivering significant new gold
production in two years".


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

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

THIS DOCUMENT CONTAINS "FORWARD-LOOKING STATEMENTS OR INFORMATION",
WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 AND SIMILAR CANADIAN LEGISLATION, CONCERNING THE
BUSINESS, OPERATIONS AND FINANCIAL PERFORMANCE AND CONDITION OF KINROSS.
FORWARD-LOOKING STATEMENTS ARE BASED ON THE OPINIONS AND ESTIMATES OF
MANAGEMENT AS OF THE DATE SUCH STATEMENTS ARE MADE, AND THEY ARE SUBJECT
TO KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY
CAUSE THE ACTUAL RESULTS, LEVEL OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS
OF KINROSS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY
SUCH FORWARD-LOOKING STATEMENTS, INCLUDING BUT NOT LIMITED TO RISKS
RELATED TO: INTERNATIONAL OPERATIONS; ACTUAL RESULTS OF CURRENT
RECLAMATION ACTIVITIES; FUTURE PRICES OF GOLD AND COMMODITIES; POSSIBLE
VARIATIONS IN ORE RESERVES, GRADE OR RECOVERY RATES; FAILURE OF PLANT,
EQUIPMENT OR PROCESSES TO OPERATE AS ANTICIPATED; ACCIDENTS, LABOUR
DISPUTES AND OTHER RISKS OF THE MINING INDUSTRY; DELAYS IN THE
COMPLETION OF DEVELOPMENT ACTIVITIES, AS WELL AS THOSE FACTORS DISCUSSED
IN OR REFERRED TO IN THE "RISK FACTORS" AND ELSEWHERE IN KINROSS'
DOCUMENTS FILED FROM TIME TO TIME WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION AND CANADIAN SECURITIES REGULATORY AUTHORITIES.
ALTHOUGH MANAGEMENT OF KINROSS HAS ATTEMPTED TO IDENTIFY IMPORTANT
FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
CONTAINED IN FORWARD-LOOKING STATEMENTS, THERE MAY BE OTHER FACTORS THAT
CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED OR INTENDED. THERE
CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE, AS
ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE
ANTICIPATED IN SUCH STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE
UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS. KINROSS DOES NOT
UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS.

-------------------------------------------------------------------------------
<PAGE>

ABOUT KINROSS GOLD CORPORATION

Kinross, a Canadian-based gold mining company, is the fourth largest primary
gold producer in North America and the eighth largest in the world. With eight
mines in Canada, the United States, Brazil and Chile, Kinross employs more than
4,000 people.

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).
--------------------------------------------------------------------------------


For additional information, e-mail INFO@KINROSS.COM or contact:

Investor Relations Contact:                  Media Contact:
TRACEY THOM                                  JAMES TOCCACELLI
Director, Investor Relations &               Senior Vice President,
Corporate Communications                     Communications
(416) 365-1362                               (416) 365-7129
TRACEY.THOM@KINROSS.COM                      JAMES.TOCCACELLI@KINROSS.COM
-----------------------                      ----------------------------
</TEXT>
</DOCUMENT>
