<SEC-DOCUMENT>0001571049-16-015087.txt : 20160510
<SEC-HEADER>0001571049-16-015087.hdr.sgml : 20160510
<ACCEPTANCE-DATETIME>20160510171434
ACCESSION NUMBER:		0001571049-16-015087
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160510
FILED AS OF DATE:		20160510
DATE AS OF CHANGE:		20160510

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:		161636839

	BUSINESS ADDRESS:	
		STREET 1:		25 YORK STREET
		STREET 2:		17TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5
		BUSINESS PHONE:		8013639152

	MAIL ADDRESS:	
		STREET 1:		25 YORK STREET
		STREET 2:		17TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PLEXUS RESOURCES CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>t1600317_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">SECURITIES AND EXCHANGE
COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">For the month of May, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Commission File Number: 001-13382</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">KINROSS
GOLD CORPORATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Translation of registrant's name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>17<SUP>th</SUP> Floor, 25 York Street,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Toronto, Ontario M5J 2V5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark
whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 20-F <FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-family: Wingdings">x</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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):&nbsp;&#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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):&nbsp;&#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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 &quot;home country&quot;), 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No<FONT STYLE="font-family: Wingdings">x</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; border-bottom: Black 1.5pt solid">If
&quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2b:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Current Report on Form 6-K, dated May
10, 2016 is specifically incorporated by reference into Kinross Gold Corporation's Registration Statements on Form S-8 (Registration
Nos. 333-180824, 333-180823 and 333-180822), filed on April 19, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This report on Form 6-K is being furnished
for the sole purpose of providing a copy of the press release dated May 10, 2016 in which Kinross Gold Corporation announced its
results for the first quarter ended March 31, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Table of Contents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><U>SIGNATURES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><U>EXHIBIT INDEX</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">99.1</TD><TD STYLE="text-align: left">Press Release dated May 10, 2016</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left"><B>KINROSS GOLD CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Signed: //Shelley M. Riley//</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Vice President, Office Services and Corporate Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">May 10, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>t1600317_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font-size: 10pt"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: gray"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: gray"><B>For more information, </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: gray"><B>please see Kinross&rsquo; 2016
first quarter<BR>
Financial Statements and MD&amp;A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="color: gray"><B>at </B></FONT><B><FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: gray"><B>NEWS RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: gray"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Kinross
reports 2016 first quarter results</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt">Production
higher and cost of sales per ounce lower year-over-year</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt">On
track to meet 2016 production and cost guidance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Toronto, Ontario &ndash; May 10, 2016 </B>&ndash;
Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the first quarter ended March 31, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>(This news release contains forward-looking information about
expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in
our Cautionary Statement on Forward-Looking Information located on page 18 of this release. All dollar amounts are expressed in
U.S. dollars, unless otherwise noted.)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>2016 first quarter highlights:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>1</SUP></FONT><B>:</B>
687,463<B> </B>gold equivalent ounces (Au eq. oz.), compared with 629,360 Au eq. oz. in Q1 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Revenue: </B>$782.6 million, compared with $781.4 million in Q1 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production cost of sales</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>2</SUP></FONT><B>:
</B>$694 per Au eq. oz., compared with $709 in Q1 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>All-in sustaining cost</B><SUP>2</SUP><B>: </B>$963 per Au eq. oz. sold, compared with $964
in Q1 2015. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $957 in Q1 2016, compared with $957 in
Q1 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted operating cash flow</B><SUP>2</SUP><B>: </B>$202.6 million, or $0.17 per share, compared
with $214.8 million, or $0.19 per share, in Q1 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted net earnings</B><SUP>2,3</SUP><B>: </B>$1.4 million, or $0.00 per share, compared with
adjusted net earnings of $15.3 million, or $0.01 per share, in Q1 2015.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Reported net loss</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>3</SUP></FONT><B>:</B>
$13.9 million, or $0.01 per share, compared with a loss of $6.7 million, or $0.01 per share, in Q1 2015.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Outlook:</B> Kinross expects to be within its 2016 forecast guidance for production (2.7 - 2.9
million Au eq. oz.), production cost of sales ($675 - $735 per Au eq. oz.) and all-in sustaining cost ($890 - $990 per Au eq. oz.).
Capital expenditures guidance was increased to $755 million to reflect the additional $160 million expected to be spent on the
Tasiast Phase One expansion.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Tasiast Phase One expansion:</B> Kinross is proceeding with the Tasiast Phase One expansion,
which is expected to nearly double production and reduce production cost of sales per ounce by half, at a manageable capital cost.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Nevada asset acquisition:</B> Kinross<B> </B>closed the acquisition of Bald Mountain and 50%
of Round Mountain on January 11, 2016 for $610 million, to be reduced by $22 million as a result of a working capital adjustment
finalized subsequent to March 31, 2016.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Development projects: </B>The Bald Mountain exploration program is progressing well and the
Russia development projects &ndash; Moroshka near Kupol and September Northeast near Dvoinoye &ndash; are advancing as planned.<B>
</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Equity financing: </B>The<B> </B>Company<B> </B>completed a public equity offering on March
18, 2016 for net proceeds of $275.7 million to further strengthen the Company&rsquo;s balance sheet.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>CEO Commentary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>J. Paul Rollinson, President and CEO, made
the following comments in relation to 2016 first quarter results: </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;Kinross is off to a strong start to
the year, generating solid free cash flow as our portfolio of mines continued to deliver consistent operational results in the
first quarter. All-in sustaining cost is trending lower, production is higher compared with the previous quarter and year, and
we are once again on track to meet our annual guidance at each of our regions and company-wide.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;We also significantly clarified our
path to the future on two major fronts. At Tasiast, we are moving ahead with the Phase One expansion, which is expected to nearly
double production, while reducing cost of sales significantly, at a manageable capital cost. At the same time, we completed a pre-feasibility
study for a potential Phase Two expansion that would transform the operation into our largest mine, with one of the lowest costs.
With the acquisition of our Nevada-based assets now complete, we are more confident in Bald Mountain&rsquo;s clear upside potential
and expect to convert a substantial amount of the site&rsquo;s estimated mineral resources into mineral reserves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I><SUP>1</SUP></I></B><I>Unless otherwise
stated, production figures in this news release are based on Kinross&rsquo; 90% share of Chirano production.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I><SUP>2</SUP></I></B><I>These figures are non-GAAP financial
measures and are defined and reconciled on pages 13 to 17 of this news release. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I><SUP>3</SUP></I></B><I>Net earnings/loss figures in this
release represent &ldquo;net earnings (loss) attributable to common shareholders&rdquo;. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid; font-style: normal; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>1 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font-size: 10pt"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;We have strongly underlined our value
proposition as a large, pure gold producer. We are well levered to the gold price and have an outstanding operating record, a strong
balance sheet, and attractive low-risk development projects.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>Financial results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Summary of financial and operating results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="color: black; font-weight: bold; text-align: center; border-top: Black 2px solid">Three months ended</TD><TD STYLE="color: black; font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31,</TD><TD STYLE="padding-bottom: 2px; color: black; font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;(in millions, except ounces, per share amounts, and per ounce amounts)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Operating Highlights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Total gold equivalent ounces<sup>(a)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; padding-left: 9pt; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<sup>(c)</sup></font></TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">691,910</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">636,128</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 9pt; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<sup>(c)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">664,165</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">641,752</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable gold equivalent ounces<sup>(a)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9pt; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<sup>(c)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">687,463</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">629,360</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 9pt; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<sup>(c)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">659,397</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">634,565</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Financial Highlights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Metal sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">782.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">781.4</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">462.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">454.6</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">207.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">206.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Operating earnings</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">23.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">42.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Net loss attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(13.9</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(6.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Basic loss per share&nbsp;&nbsp;attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(0.01</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Diluted loss per share attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(0.01</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Adjusted net earnings attributable to common shareholders<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Adjusted net earnings per share<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.00</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.01</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Net cash flow provided from operating activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">214.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">250.1</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Adjusted operating cash flow<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">202.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">214.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Adjusted operating cash flow per share<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.17</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.19</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;Average realized gold price per ounce</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,179</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,218</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Consolidated production cost of sales per equivalent ounce<sup>(c)</sup> sold<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">708</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> production cost of sales per equivalent ounce<sup>(c)</sup> sold<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">694</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">709</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> production cost of sales per ounce sold on a by-product basis<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">682</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">696</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> all-in sustaining cost per ounce sold on a by-product basis<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">957</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">957</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> all-in sustaining cost per equivalent ounce<sup>(c)</sup> sold<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">963</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">964</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> all-in cost per ounce sold on a by-product basis<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,023</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,050</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Attributable<sup>(a)</sup> all-in cost per equivalent ounce<sup>(c)</sup> sold<sup>(b)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,026</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,054</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.95pt"><SUP>(a)</SUP></TD><TD STYLE="text-align: justify">&quot;Total&quot; includes 100% of Chirano production. &quot;Attributable&quot; includes Kinross'
share of Chirano (90%) production.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.95pt"><SUP>(b)</SUP></TD><TD STYLE="text-align: justify">The definition and reconciliation of these non-GAAP financial measures is included on<FONT STYLE="color: red"><B>
</B></FONT>page 13 to 17 of this news release.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.95pt"><SUP>(c)</SUP></TD><TD STYLE="text-align: justify">&quot;Gold equivalent ounces&quot; include silver ounces produced and sold converted to a gold
equivalent based on a ratio of the average spot market prices for the commodities for each period. The ratio for the first quarter
of 2016 was 79.64:1, compared with 72.91:1 for the first quarter of 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following operating and financial results
are based on first-quarter 2016 gold equivalent production. Production and cost measures are on an attributable basis:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Production: </B>Kinross produced 687,463
attributable Au eq. oz. in Q1 2016, a 9% increase compared with Q1 2015, due mainly to the acquisition of Bald Mountain and 50%
of Round Mountain the Company did not already own.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Production cost of sales:</B> Production
cost of sales per Au eq. oz.<SUP>2</SUP> decreased to $694 for Q1 2016, compared with $709 for the first quarter of 2015, mainly
as a result of lower fuel costs, favourable foreign exchange rates and an increase in attributable Au eq. oz. sold.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>2 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Production cost of sales per Au oz.<SUP> </SUP>on
a by-product basis<SUP>2</SUP> decreased to $682 in Q1 2016, compared with $696 in Q1 2015, based on Q1 2016 attributable gold
sales of 642,733 ounces and attributable silver sales of 1,327,243 ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>All-in sustaining cost: </B>All-in sustaining
cost per Au eq. oz. sold<SUP>2</SUP> decreased to $963 in Q1 2016, compared with $964 in Q1 2015. All-in sustaining cost per Au
oz. sold on a by-product basis<SUP>2</SUP> was $957 in Q1 2016, compared with $957 in Q1 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Average realized gold price: </B>The average
realized gold price in Q1 2016 declined to $1,179 per ounce, compared with $1,218 per ounce in Q1 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Revenue: </B>Revenue from metal sales was
$782.6 million in Q1 2016, compared with $781.4 million during the same period in 2015, primarily due to an increase in gold equivalent
ounces sold offset by a lower average realized gold price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Margins:</B> Kinross&rsquo; attributable
margin per Au eq. oz. sold<SUP>4</SUP> was $485 per Au eq. oz. for Q1 2016, compared with a Q1 2015 margin of $509 per Au eq.
oz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Operating cash flow:</B> Adjusted operating
cash flow<SUP>2</SUP> was $202.6 million, or $0.17 per share, for Q1 2016, compared with $214.8 million, or $0.19 per share, for
Q1 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Earnings/loss: </B>Adjusted net earnings<SUP>2,3</SUP>
were $1.4 million, or $0.00 per share, for Q1 2016, compared with adjusted net earnings of $15.3 million, or $0.01 per share, for
Q1 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reported net loss<SUP>3</SUP> was $13.9 million,
or $0.01 per share, for Q1 2016, compared with reported net loss of $6.7 million, or $0.01 per share, for Q1 2015, mainly due to
a lower average gold price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Capital expenditures:</B> Capital expenditures
decreased to $139.5 million for Q1 2016, compared with $149.5 million for the same period last year, primarily due to lower spending
at Fort Knox.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Operating results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mine-by-mine summaries for 2016 first-quarter
operating results may be found on pages eight and 12 of this news release. Highlights include the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>Americas</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The region&rsquo;s first quarter performance
was strong, with higher production and lower cost of sales compared with the prior quarter and year-over-year. At <B>Fort Knox</B>,
production was in line with Q4 2015 and increased compared with Q1 2015 as mild weather conditions had a positive seasonal impact
on mining operations and the heap leach. Cost of sales per ounce increased compared with Q1 2015 mainly due to increased reagent
usage and more labour needed as a result of placing more tonnes on the heap leach pads. <B>Kettle River-Buckhorn</B> performed
well as it nears the end of its mine life, with production increasing quarter-over-quarter mainly due to more tonnes processed
through the mill, and year-over-year mainly due to higher grades. Cost of sales per ounce decreased compared with Q1 2015 largely
due to a decrease in contractor and fuel costs. Kettle River-Buckhorn now expects to continue mining until the end of the year,
as test drilling in perimeter holes around the site has uncovered more ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I><SUP></SUP></I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I><SUP>4</SUP></I></B><I>Attributable margin per equivalent
ounce sold is a non-GAAP measure defined as &ldquo;average realized gold price per ounce&rdquo; less &ldquo;attributable production
cost of sales per gold equivalent ounce sold.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>3 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">With the completion of the Nevada acquisition
on January 11, 2016, Bald Mountain and the 50% of Round Mountain Kinross did not previously own were integrated into the Company&rsquo;s
portfolio. At <B>Round Mountain</B>, production increased mainly as a result of the acquisition of the remaining 50% and higher
mill grades. Cost of sales per ounce decreased compared with Q1 2015 largely due to higher grades and increased recovery. At <B>Bald
Mountain</B>, exploration continued as planned, and further work has begun to realize the site&rsquo;s full potential. Production
was lower than expected mainly due to a higher than anticipated level of stripping from the adopted mine plan, harsh winter conditions
during the quarter and the replenishment of ADR plant inventory. The Company expects site performance to improve in the second
half of the year. After the planned stripping campaign is completed this year, the Company expects the site to substantially increase
production, and reduce costs in 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Paracatu</B>&rsquo;s production decreased
compared with Q1 2015 mainly due to lower mill throughput and recoveries, but increased compared with the previous quarter due
to a partial curtailment of milling activities in Q4 2015 as a result of reduced rainfall in the area. Paracatu&rsquo;s Santo Antonio
tailing reprocessing initiative is now on track, producing approximately 13,400 Au eq. oz. in the quarter. To reduce water usage,
tailings are now being hauled for reprocessing, rather than hydro-pumping. Cost of sales decreased compared with Q4 2015 and Q1
2015 primarily due to increased exposure to favourable foreign exchange rates in 2016. At <B>Maricunga</B>, production was slightly
higher quarter-over-quarter and year-over-year mainly due to an increase in ore processed on the heap leach pads. Cost of sales
per ounce decreased compared with Q1 2015 mainly due to favourable exchange rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>Russia</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Kupol</B> and <B>Dvoinoye</B> continued
with consistent and strong performance in the first quarter, increasing production and decreasing the cost of sales per ounce compared
with Q4 2015 and Q1 2015. The production increase was mainly the result of mining a higher grade zone during the quarter. Approximately
93,300 Au eq. oz. were produced from processing Dvoinoye ore in Q1 2016. Cost of sales per ounce was at its lowest level in more
than four years. The decrease, compared with Q4 2015 and Q1 2015, was mainly a result of favourable foreign exchange rates and
higher grades.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>West Africa</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At <B>Tasiast</B>, production was lower compared
with Q4 2015 and Q1 2015 as a result of mine sequencing and lower grades. Cost of sales per ounce was lower year-over-year mainly
as a result of a decrease in fuel and labour costs and less reagent consumption. The site&rsquo;s throughput rate continues to
benefit from improvements made to fragmentation of blasted ore from the pit and its crushing and grinding circuits. During the
quarter, throughput averaged more than 8,000 tonnes per day (tpd), compared with an average of 7,500 tpd in Q4 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the context of ongoing collective agreement
negotiations, on May 10, 2016, the union at Tasiast served notice of intention to strike with effect on May 24, 2016. The notice
is not unexpected and regional management remains available to meet with the union.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At <B>Chirano</B>, production was lower compared
with Q4 2015 and Q1 2015 as the site continued to transition from mining the Akwaaba deposit to the Paboase deposit, which resulted
in fewer tonnes mined and lower grades. Cost of sales per ounce increased compared with Q1 2015 mainly as a result of higher power
costs and lower ounces produced. The Company expects performance to improve in the third quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Organic development projects </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The <B>Tasiast Phase One expansion</B> is progressing
well, with work commencing this month. Engineering and procurement is 55% complete, major earthworks are scheduled to begin in
June and the start of the project&rsquo;s first substantial construction activity is planned for August. The project remains on
track, with full production expected by the end of Q1 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The <B>Bald Mountain</B> exploration program,
which is focused on targets in the footprint of active mining areas, is progressing well. The new exploration team has two rigs
on site, and has drilled approximately 9,000 metres since the close of the acquisition, mostly in the Saga, Top and Redbird pits
in the 100% Kinross-owned North area. Results are encouraging as the team continues to develop a better geological understanding
of the property. The Company remains confident in the upside potential at this prospective property, and expects to convert a substantial
amount of the site&rsquo;s estimated mineral resources into mineral reserves over the next few years. The permitting process to
expand exploration and mining activities is expected to be completed in mid-2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>4 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

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<tr style="vertical-align: top">
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    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Kinross&rsquo; Russian development projects
continue to advance as planned. At the <B>Moroshka</B> project, located approximately four kilometres east of Kupol, construction
of an ore haulage road is now underway and is expected to be completed in June. The Company expects to commence mining in 2018
to process ore in the Kupol mill. At <B>September Northeast</B>, located approximately 15 km northwest of Dvoinoye, a haulage road
to the site has been completed and a camp facility constructed. Site preparation is expected to be completed by the fourth quarter
with mining on track to commence in late 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At the <B>La Coipa Phase 7</B> project, Kinross
continues to advance permitting efforts, including recently obtaining approval for an exploration DIA (Declaration of Impact to
Environment) permit. Exploration drilling is planned for several targets in 2016, including Catalina, which is located less than
one kilometre southeast of the Phase 7 deposit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Maricunga update</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In setting its strategic business priorities,
Kinross has been assessing the Maricunga mine plan in the context of disciplined capital allocation and a focus on quality ounces
over quantity. After taking into consideration Maricunga&rsquo;s cost position and future capital needs, as well as other capital
priorities in its global portfolio, Kinross is contemplating a potential suspension of mining activities by the end of October,
subject to regulatory processes. Should the Company proceed with this suspension, heap leach rinsing is expected to continue at
Maricunga for approximately three years. Total production expected from the heap during the three years of rinsing is expected
to be approximately 100,000 Au eq. oz.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will continue to review the operation&rsquo;s
mine plan, evaluate its estimated mineral reserve and mineral resource base and explore further permitting needs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Maricunga mine produced 212,155 gold equivalent
ounces during 2015 at production cost of sales of $1,010 per equivalent ounce. At December 31, 2015, the Maricunga mine had estimated
proven and probable mineral reserves of 1.042 million ounces, estimated measured and indicated mineral resources of 4.275 million
ounces and estimated inferred mineral resources of 1.053 million ounces. The mineral reserve estimates were prepared using a $1,200
per ounce gold price, and the mineral resource estimates were prepared using a $1,400 per ounce gold price<SUP>5</SUP>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As previously announced on March 18, 2016,
the Company received notification from Chile&rsquo;s environmental regulatory authority (SMA) of a resolution commencing a legal
process that will seek the closure of Maricunga&rsquo;s water pumping wells. Kinross vigorously opposes the resolution and has
filed an administrative appeal with the SMA on the basis that a complete stoppage of water use would be both legally and technically
flawed and would have serious environmental, health and safety consequences. The appeal process may impact the timing of any proposed
future suspension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 2, 2016, the SMA imposed a 15-day water
curtailment order. In response, the Maricunga mine has temporarily suspended mining and crushing activities for the duration of
the order. This temporary suspension is not expected to impact the Company&rsquo;s regional production and cost guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>Balance sheet</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2016, Kinross had cash and
cash equivalents of $750.4 million, a decrease of $293.5 million since December 31, 2015, mainly as a result of the $610.0 million
acquisition of the Bald Mountain mine and the remaining 50% interest in the Round Mountain mine, partially offset by net proceeds
of $275.7 million from the equity issuance and cash flow generated in the first quarter. The Company also had available credit
of $1,506.0 million as of March 31, 2016 for total liquidity of approximately $2.3 billion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP></SUP></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>5</SUP> <I>For more information see Kinross&rsquo; Annual
Mineral Reserve and Resource Statement for the year-end December 31, 2015 in its Annual Information Form dated March 30, 2016,
available under the Company&rsquo;s profile at <FONT STYLE="color: Blue"><U>www.sedar.com</U></FONT> or on the Company&rsquo;s
website <FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>5 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

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    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expects that its existing liquidity
sources will be sufficient to fund the Tasiast Phase One expansion and the repayment of $250 million in senior notes due in September.
Kinross has no other debt maturities until 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Equity financing </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the first quarter, Kinross completed
a public offering, issuing 95,910,000 common shares of Kinross, including 12,510,000 common shares issued to the underwriters on
the exercise of their over-allotment option. The transaction was completed on March 18, 2016 and the Company received net proceeds
of $275.7 million from the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>Outlook</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>The following section of the news release
represents forward-looking information and users are cautioned that actual results may vary. We refer to the risks and assumptions
contained in the Cautionary Statement on Forward-Looking Information on page 18 of this news release. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As previously announced on February 10, 2016,
Kinross expects to produce approximately 2.7 - 2.9 million Au eq. oz. for the year and expects to be within its regional production
guidance ranges.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expects to be within its regional
production cost of sales guidance ranges, its company-wide production cost of sales guidance range of $675 - $735 per Au eq. oz.,
and its all-in sustaining cost guidance range of $890 - $990 per Au eq. oz. sold in 2016. The Company also expects to meet its
revised 2016 capital expenditure forecast of approximately $755 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Conference call details </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the release, Kinross will
hold a conference call and audio webcast on Wednesday, May 11, 2016 at 7:45 a.m. ET to discuss the results, followed by a question-and-answer
session. To access the call, please dial:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Canada &amp; US toll-free </B>&ndash; 1-800-319-4610</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outside of Canada &amp; US </B>&ndash; 1-604-638-5340</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Replay (available up to 14 days after the call):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Canada &amp; US toll-free </B>&ndash; 1-800-319-6413; Passcode
&ndash; 00432 followed by #.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outside of Canada &amp; US </B>&ndash; 1-604-638-9010; Passcode
&ndash; 00432 followed by #.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">You may also access the conference call on a listen-only
basis via webcast at our website <FONT STYLE="color: blue">www.kinross.com</FONT>. The audio webcast will be archived on our
website at <FONT STYLE="color: blue">www.kinross.com</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Kinross&rsquo; Annual Shareholders Meeting
will be held on Wednesday, May 11, 2016 at 10:00 a.m. ET at the Glenn Gould Studio, 250 Front Street West, Toronto, Ontario, Canada.
A live audio webcast (listen-only mode) of the Annual Meeting will be available at <FONT STYLE="color: Blue"><U>www.kinross.com
</U></FONT>and will also be archived for later access.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This news release should be read in conjunction
with Kinross&rsquo; 2016 first-quarter unaudited Financial Statements and Management&rsquo;s Discussion and Analysis report at
<FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT>. Kinross&rsquo; 2016 first-quarter unaudited Financial Statements and
Management&rsquo;s Discussion and Analysis have been filed with Canadian securities regulators (available at <FONT STYLE="color: Blue"><U>www.sedar.com</U></FONT>)
and furnished to the U.S. Securities and Exchange Commission (available at <FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT>).
Kinross shareholders may obtain a copy of the financial statements free of charge upon request to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B></B></P>

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<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>6 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>About Kinross Gold Corporation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value
based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross
maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).</P>

<P STYLE="color: gray; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: gray; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Media Contact </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Louie Diaz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Director, Corporate Communications</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">phone: 416-369-6469</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="color: Blue"><U>louie.diaz@kinross.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="color: gray; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Investor Relations Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tom Elliott</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Senior Vice-President, Investor Relations and Corporate Development</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">phone: 416-365-3390</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Blue"><U>tom.elliott@kinross.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B></B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>7 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Review
of operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Three months ended March 31,</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Gold equivalent ounces</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 2px; border-left: Black 2px solid"></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Produced</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Sold</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: normal; text-align: center; border-bottom: Black 2px solid; font-style: normal"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Production cost of<BR>
 sales<sup> </sup></b><i>($millions)</i></font></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Production cost of<BR>
 sales/equivalent ounce sold</TD><TD NOWRAP STYLE="border-right: Black 2px solid; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 2px; border-left: Black 2px solid"></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 20%; border-left: Black 2px solid">&nbsp;Fort Knox</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">87,800</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">82,673</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">87,889</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">82,003</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">62.2</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">55.1</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">708</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">672</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Round Mountain</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">92,926</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,262</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">90,474</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,447</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">65.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">718</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">890</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Bald Mountain</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20,422</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11,197</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.1</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">1,170</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Kettle River - Buckhorn</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,312</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,265</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">28,264</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">785</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,006</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;Paracatu</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">119,376</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">124,685</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">117,090</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">124,929</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">79.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">682</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">752</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Maricunga</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">59,076</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">56,822</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">57,490</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">54,376</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">47.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">56.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">823</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,030</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Americas Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">407,912</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">328,707</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">392,404</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">325,922</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">289.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">265.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">738</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">814</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Kupol</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">192,450</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">185,729</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">175,691</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">192,167</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">78.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">91.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">445</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">476</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Russia Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">192,450</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">185,729</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">175,691</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">192,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">78.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">91.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">445</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">476</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;Tasiast</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47,078</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,009</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">48,391</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51,790</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,002</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Chirano (100%)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">44,470</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">67,683</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">47,679</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">71,873</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">47.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">45.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">990</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">639</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;West Africa Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">91,548</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">121,692</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">96,070</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">123,663</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">94.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">97.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">983</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">791</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Operations Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">691,910</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">636,128</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">664,165</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">641,752</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">462.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">454.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">708</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Less Chirano non-controlling interest (10%)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,447</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(6,768</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,768</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,187</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;Attributable Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">687,463</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">629,360</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">659,397</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">634,565</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">457.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">450.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">694</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">709</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B></B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>8 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Consolidated balance
sheets</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font-style: italic; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars, except share amounts)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid">As at</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">March 31</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">December 31,</TD>
    <TD>&nbsp;</TD><TD NOWRAP STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 69%; text-align: left; text-indent: 16pt; border-left: Black 2px solid">Cash and cash equivalents</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 12%; font-weight: bold; text-align: right; background-color: Silver">750.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1,043.9</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Restricted cash</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">10.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.5</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">107.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108.2</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current income tax recoverable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">125.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">123.3</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,165.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,005.2</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Unrealized fair value of derivative assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">11.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1.0</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">2,171.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,292.1</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Property, plant and equipment</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">5,057.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,593.7</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Goodwill</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">162.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162.7</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Long-term investments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">109.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83.1</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Investments in associate and joint venture</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">157.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157.1</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Other long-term assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">393.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370.2</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Deferred tax assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">80.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">76.5</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,132.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,735.4</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accounts payable and accrued liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">351.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">379.6</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current income tax payable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">18.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.4</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current portion of long-term debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">249.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">249.5</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current portion of provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">51.0</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50.3</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Current portion of unrealized fair value of derivative liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">3.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">16.0</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">674.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">701.8</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Long-term debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,732.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,731.9</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">848.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">720.8</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Other long-term liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">168.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148.7</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Deferred tax liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">474.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">499.0</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">3,898.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,802.2</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Common shareholders' equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Common share capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">14,889.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">14,603.5</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Contributed surplus</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">231.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239.2</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accumulated deficit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(10,936.0</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,922.1</TD>
    <TD>)</TD><TD STYLE="text-align: left; border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Accumulated other comprehensive income (loss)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">7.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(31.3</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total common shareholders' equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,192.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,889.3</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">&nbsp;Non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">42.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">43.9</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,234.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,933.2</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total liabilities and equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,132.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,735.4</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Common shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: 8.05pt; border-left: Black 2px solid">Authorized</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Unlimited</b></font></TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unlimited</font></TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 8.05pt; border-left: Black 2px solid">Issued and outstanding</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,244,137,896</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,146,540,188</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 8.05pt; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B></B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>9 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><IMG SRC="ex99-1logo.jpg" ALT=""></td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Consolidated statements
of operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-style: italic; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars, except per share and share amounts)</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Three months ended</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">March 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">March 31,</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 69%; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Metal sales</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 12%; font-weight: bold; text-align: right; background-color: Silver">782.6</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">781.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Cost of sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">462.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">454.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">207.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">206.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Total cost of sales</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">670.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">660.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Gross profit</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">112.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">120.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Other operating expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">33.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Exploration and business development</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">16.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">General and administrative</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">38.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">39.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Operating earnings</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">23.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">42.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Other income (expense) - net</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">8.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.9</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Equity in earnings (losses) of associate and joint venture</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">0.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.0</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Finance income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Finance expense</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(33.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(24.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Earnings before tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">0.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Income tax expense - net</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right; background-color: Silver">(15.6</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">(25.3</TD><TD STYLE="border-bottom: Black 3px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Net loss</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right; background-color: Silver">(15.3</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">(7.5</TD><TD STYLE="border-bottom: Black 3px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Net loss attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;&nbsp;Non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right; background-color: Silver">(1.4</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">(0.8</TD><TD STYLE="border-bottom: Black 3px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;&nbsp;Common shareholders</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right; background-color: Silver">(13.9</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">(6.7</TD><TD STYLE="border-bottom: Black 3px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">&nbsp;Loss per share attributable to common shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.01</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">Diluted</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.01</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">&nbsp;Weighted average number of common shares outstanding (millions)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,173.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,145.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; text-indent: 8pt; border-bottom: Black 2px solid; border-left: Black 2px solid">Diluted</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1,173.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,145.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B></B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; color: Gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>10 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Consolidated statements of cash flows</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>(unaudited expressed in millions of United States dollars)</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center">March 31,</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; text-align: center">March 31,</TD><TD NOWRAP STYLE="color: black; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: black; font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net inflow (outflow) of cash related to the following activities:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt; width: 73%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 10%">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid; width: 2%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid; color: black; text-align: left; padding-left: 2pt"><B>Operating:</B></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="border-right: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; color: black; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net loss</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; background-color: Silver">(15.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(7.5</TD><TD STYLE="width: 2%; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Adjustments to reconcile net earnings (loss) to net cash provided from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">207.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">206.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Equity in (earnings) losses of associate and joint venture</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Non-hedge derivative (gains) losses - net</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(5.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Share-based compensation expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">3.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.6</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Finance expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">33.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Deferred tax recovery</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(31.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Foreign exchange losses and other</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">10.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 16pt; border-left: Black 2px solid; padding-left: 2pt">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-indent: 16pt; border-left: Black 2px solid; padding-left: 2pt">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">37.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid; padding-left: 2pt">Accounts payable and accrued liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">15.1</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(27.6</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Cash flow provided from operating activities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">254.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">278.7</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Income taxes paid</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(40.1</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(28.6</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from operating activities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">214.5</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">250.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; border-left: Black 2px solid; padding-left: 2pt">Investing:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Additions to property, plant and equipment</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(139.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(149.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Business acquisitions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(610.0</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Net additions to long-term investments and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(11.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(21.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Net proceeds from the sale of property, plant and equipment</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">4.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Decrease (increase) in restricted cash</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Interest received and other</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">0.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net
    cash flow used in investing activities Financing:</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(756.0</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(168.6</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Proceeds from issuance of equity</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">275.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Proceeds from issuance of debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">-</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Repayment of debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">-</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(49.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt">Interest paid</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(29.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(21.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from (used in) financing activities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">246.1</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(51.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Effect of exchange rate changes on cash and cash equivalents</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1.9</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(3.5</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Increase (decrease) in cash and cash equivalents</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(293.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Cash and cash equivalents, beginning of period</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1,043.9</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">983.5</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Cash and cash equivalents, end of period</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right; background-color: Silver">750.4</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">1,010.5</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

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<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>11 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2016 first-quarter results</FONT></B></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

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<TR STYLE="background-color: Black">
    <TD COLSPAN="6" STYLE="padding-left: 9pt; font: bold 8pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: White"><B>Operating
    Summary</B></FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP STYLE="vertical-align: top; border-left: Black 1.5pt solid; border-bottom: black 1.5pt solid; width: 11%; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 10%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Mine</B></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; width: 5%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Period</B></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 5%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ownership</B></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Tonnes</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ore Mined</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(1)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ore</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed</B> <B><BR>
(Milled) </B><SUP>(1)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ore</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Heap</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Leach) </B><SUP>(1)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 5%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Grade
    </B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Mill)</B></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 5%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Grade</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Heap</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Leach)</B></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 5%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Recovery
    </B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(2)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Gold
    Eq</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(5)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Gold
    Eq</B> </FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sales </B><SUP>(5)</SUP></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Production
    </B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>cost of</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales</B></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Production</B></FONT><FONT STYLE="font-size: 7pt"><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>cost of</B></FONT><br>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales/oz</B></FONT></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; width: 6%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Cap
    Ex </B><SUP>(7)</SUP></FONT></td>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>DD&amp;A</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD NOWRAP STYLE="border-left: Black 1.5pt solid; border-bottom: black 1.5pt solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">('000
    tonnes)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">('000
    tonnes)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">('000
    tonnes)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(ounces)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(ounces)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">($
    millions)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">($/ounce)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">($
    millions)</FONT></td>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">($
    millions)</FONT></td></tr>
<tr>
    <TD ROWSPAN="26" STYLE="border-left: Black 1.5pt solid; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Americas</B></FONT></td>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Fort
    Knox</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>6,786</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>3,246</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>7,495</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.66</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.26</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>81%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>87,800</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>87,889</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62.2</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.0</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.5</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4,454</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,407</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,712</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.66</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.26</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">82%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">87,561</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">87,426</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">62.6</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">716</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">35.3</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">31.7</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">5,950</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,328</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,697</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.86</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.27</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">83%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">115,258</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">118,978</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">66.2</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">556</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">37.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.8</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,543</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,345</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">8,255</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.87</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.28</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">84%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">116,061</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">113,697</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">68.9</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">606</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">26.7</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">37.2</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">5,814</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,366</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,554</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.64</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.29</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">82%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">82,673</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">82,003</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">55.1</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">672</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">41.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24.6</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Round
    Mountain</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100
    <SUP>(8)</SUP></B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>4,018</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>869</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>3,617</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1.17</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.44</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>83%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>92,926</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>90,474</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65.0</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.2</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,392</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">898</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,724</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.86</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.42</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">77%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">51,034</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52,882</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">37.0</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">700</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">14.2</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11.0</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,962</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">924</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4,546</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.91</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.47</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">81%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">58,074</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">54,559</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">37.5</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">687</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">12.3</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">12.9</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">5,286</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">748</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4,372</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1.08</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.40</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">75%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">48,448</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">47,893</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.4</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">760</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">10.8</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">12.0</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">7,494</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">146</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6,726</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.65</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.40</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">67%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">40,262</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">40,447</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.0</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">890</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11.2</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">9.0</FONT></td></tr>
<tr>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Bald Mountain <SUP>(8)</SUP></B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1,766</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1,766</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.62</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>nm</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>20,422</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>11,197</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,170</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5</B></FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Kettle
    River- Buckhorn</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>86</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>107</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>7.23</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>92%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>28,312</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>28,264</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.2</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">84</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">9.67</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">19,301</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">19,601</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">14.6</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">745</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.0</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">97</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">106</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.93</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24,222</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24,284</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">19.3</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">795</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.6</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">130</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">8.58</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">93%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">29,580</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">29,524</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">23.4</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">793</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3.3</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">93</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">111</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.02</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24,265</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24,167</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">24.3</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,006</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.6</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4.1</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Paracatu</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>11,825</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>11,439</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.44</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>73%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>119,376</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>117,090</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79.9</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.4</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">10,730</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">9,738</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.51</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">76%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">113,547</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">117,796</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">89.2</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">757</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">30.1</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">34.9</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">13,969</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">12,322</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.43</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">76%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">129,064</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">134,838</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100.7</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">747</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.9</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">38.4</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11,435</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11,392</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.41</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">72%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">110,366</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">107,169</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90.5</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">844</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">29.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.4</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11,616</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11,825</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.43</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">77%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">124,685</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">124,929</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">93.9</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">752</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">16.3</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">37.8</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Maricunga
    <SUP>(8)</SUP></B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>3,947</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>4,254</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.69</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>nm</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>59,076</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>57,490</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47.3</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.8</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,870</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4,099</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.78</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">54,948</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56,440</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52.6</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">932</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4.7</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">8.2</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,476</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">3,822</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.74</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52,672</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52,282</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52.5</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,004</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">5.2</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">7.3</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2,220</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,957</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.81</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">47,713</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50,957</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">55.0</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,079</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">7.1</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.4</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2,695</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2,912</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.69</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56,822</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">54,376</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56.0</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,030</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">7.5</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">5.4</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="border-left: Black 1.5pt solid; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Russia</B></FONT></td>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Kupol
    <SUP>(3)(4)(6)</SUP></B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>494</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>416</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>13.92</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>95%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>192,450</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>175,691</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78.2</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.8</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52.9</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">449</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">429</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">13.81</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">96%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">191,308</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">195,465</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91.3</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">467</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">9.0</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">73.8</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">468</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">410</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">13.65</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">96%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">190,366</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">217,031</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">101.7</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">469</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">21.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">77.3</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">516</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">423</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">13.43</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">191,160</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">159,950</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">78.3</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">490</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">10.0</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56.3</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">464</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">418</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">13.20</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">185,729</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">192,167</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91.5</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">476</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">15.5</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">63.9</FONT></td></tr>
<tr>
    <TD ROWSPAN="15" STYLE="border-left: Black 1.5pt solid; border-bottom: Black 2px solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>West
    Africa</B></FONT></td>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Tasiast</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1,891</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>777</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1,187</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1.51</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>0.41</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>91%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>47,078</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>48,391</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47.2</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49.9</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.7</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,318</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">689</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">587</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.27</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.55</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">89%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">53,706</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52,146</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">49.9</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">957</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">49.6</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">26.5</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,259</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">618</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">364</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.21</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.48</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">53,440</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">57,163</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">60.4</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,057</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">44.1</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">19.5</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,609</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">605</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">521</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.21</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.56</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">57,890</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">54,941</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">58.4</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,063</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">31.1</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">18.7</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,009</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">630</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">66</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.00</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">0.97</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">89%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">54,009</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">51,790</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">51.9</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">1,002</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">36.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">16.2</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Chirano
    - 100%</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>90</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>453</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>847</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1.77</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>91%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>44,470</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>47,679</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47.2</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.7</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">559</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">853</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.32</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">58,123</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56,284</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">42.2</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">750</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">11.6</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">44.1</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">873</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">917</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.36</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">63,981</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">62,792</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">44.0</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">701</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.7</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">42.7</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">875</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">823</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.73</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">66,311</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">69,017</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">47.6</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">690</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4.9</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">44.6</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">739</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">899</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.62</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">89%</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">67,683</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">71,873</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">45.9</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">639</FONT></td>
    <TD STYLE="text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">7.3</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">43.6</FONT></td></tr>
<tr>
    <TD ROWSPAN="5" STYLE="border-bottom: Black 2px solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Chirano
    - 90%</B></FONT></td>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1 2016</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>90</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>453</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>847</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>1.77</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>91%</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>40,023</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>42,911</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42.5</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990</B></FONT></td>
    <TD STYLE="vertical-align: top; text-align: right; border-bottom: Black 2px solid; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5</B></FONT></td>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; border-bottom: Black 2px solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q4 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">559</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">853</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.32</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">52,311</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">50,655</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">38.0</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">750</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">10.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">39.7</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q3 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">873</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">917</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.36</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">57,583</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">56,513</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">39.6</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">701</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.0</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">38.4</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q2 2015</FONT></td>
    <TD STYLE="text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">875</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">823</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.73</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">59,680</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">62,115</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">42.8</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">689</FONT></td>
    <TD STYLE="text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">4.4</FONT></td>
    <TD STYLE="border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">40.1</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">Q1 2015</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">739</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">899</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">2.62</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">89%</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">60,915</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">64,686</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">41.3</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">638</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; padding-right: 2pt; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">6.6</FONT></td>
    <TD STYLE="border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; text-align: right; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">39.2</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Tonnes of ore mined and processed represent 100% Kinross for all periods presented.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Due to the nature of heap leach operations, recovery rates at Maricunga and Bald Mountain cannot be accurately measured on
a quarterly basis. Recovery rates at Fort Knox, Round Mountain and Tasiast represent mill recovery only.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>The Kupol segment includes the Kupol and Dvoinoye mines.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Kupol silver grade and recovery were as follows: Q1 (2016) 104.19 g/t, 88%; Q4 (2015) 100.58 g/t, 87%; Q3 (2015) 100.55 g/t,
88%; Q2 (2015) 106.19 g/t, 87%; Q1 (2015) 95.64 g/t, 85.3%.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Gold equivalent ounces include silver ounces produced and sold converted to a gold equivalent based on the ratio of the average
spot market prices for the commodities for each period. The ratios for the quarters presented are as follows: Q1 2016: 79.64:1;
Q4 2015: 74.78:1; Q3 2015: 75.40:1, Q2 2015: 72.75:1, Q1 2015: 72.91:1.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Dvoinoye ore processed and grade were as follows: Q1 (2016) 129,675 tonnes, 22.69 g/t; Q4 (2015) 122,987 tonnes, 22.91 g/t;
Q3 (2015) 111,806 tonnes, 24.52 g/t; Q2 (2015) 104,465 tonnes, 26.43 g/t; Q1 (2015) 93,000 tonnes, 27.40 g/t.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Capital expenditures are presented on a cash basis, consistent with the statement of cash flows.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD>On January 11, 2016, Kinross completed the acquisition of 100% of the Bald Mountain gold mine and the remaining 50% interest
in the Round Mountain gold mine.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>12 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

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<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Reconciliation of non-GAAP financial measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has included certain non-GAAP
financial measures in this document. These measures are not defined under IFRS and should not be considered in isolation. The Company
believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability
to evaluate the underlying performance of the Company. The inclusion of these measures is meant to provide additional information
and should not be used as a substitute for performance measures prepared in accordance with IFRS. These measures are not necessarily
standard and therefore may not be comparable to other issuers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted net earnings attributable to common
shareholders and adjusted net earnings per share are non-GAAP measures which determine the performance of the Company, excluding
certain impacts which the Company believes are not reflective of the Company&rsquo;s underlying performance for the reporting period,
such as the impact of foreign exchange gains and losses, reassessment of prior year taxes and/or taxes otherwise not related to
the current period, impairment charges, gains and losses and other one-time costs related to acquisitions, dispositions and other
transactions, and non-hedge derivative gains and losses. Although some of the items are recurring, the Company believes that they
are not reflective of the underlying operating performance of its current business and are not necessarily indicative of future
operating results. Management believes that these measures, which are used internally to assess performance and in planning and
forecasting future operating results, provide investors with the ability to better evaluate underlying performance, particularly
since the excluded items are typically not included in public guidance. However, adjusted net earnings and adjusted net earnings
per share measures are not necessarily indicative of net earnings and earnings per share measures as determined under IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides a reconciliation
of net earnings to adjusted net earnings for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Adjusted Earnings</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 2pt">(in millions, except share and per share amounts)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net earnings (loss) attributable to common shareholders - as reported</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">(13.9</TD><TD STYLE="width: 1%; padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="width: 1%; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; text-align: right">(6.7</TD><TD STYLE="width: 1%; padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Adjusting items:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Foreign exchange losses</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Non-hedge derivatives losses (gains) - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6.6</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Losses (gains) on sale of other assets - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(3.5</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Foreign exchange losses (gains) on translation of tax basis and foreign exchange on deferred income taxes within income tax expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(6.2</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Nevada acquisition costs</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">7.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.125in; border-left: Black 2px solid">Taxes in respect of prior years</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">21.2</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.4</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">15.3</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">22.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted net earnings attributable to common shareholders</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">1.4</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">15.3</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Weighted average number of common shares outstanding - Basic</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,173.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,145.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted net earnings per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">0.00</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">0.01</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company makes reference to a non-GAAP
measure for adjusted operating cash flow and adjusted operating cash flow per share. Adjusted operating cash flow is defined as
cash flow from operations excluding certain impacts which the Company believes are not reflective of the Company&rsquo;s regular
operating cash flow, and excluding changes in working capital. Working capital can be volatile due to numerous factors, including
the timing of tax payments, and in the case of Kupol, a build-up of inventory due to transportation logistics. The Company uses
adjusted operating cash flow internally as a measure of the underlying operating cash flow performance and future operating cash
flow-generating capability of the Company. However, adjusted operating cash flow and adjusted operating cash flow per share measures
are not necessarily indicative of net cash flow from operations as determined under IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>13 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides a reconciliation
of adjusted operating cash flow for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Adjusted Operating Cash<BR> Flow</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 0.125in">(in millions, except share and per share amounts)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from operating activities - as reported</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">214.5</TD><TD STYLE="width: 1%; padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; text-align: right">250.1</TD><TD STYLE="width: 1%; padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Adjusting items:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Working capital changes:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(40.8</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.25in; border-left: Black 2px solid">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(37.1</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(50.7</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Accounts payable and other liabilities, including taxes</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">25.0</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">56.2</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(11.9</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(35.3</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted operating cash flow</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">202.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">214.8</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Weighted average number of common shares outstanding - Basic</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,173.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,145.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted operating cash flow per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">0.17</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">0.19</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consolidated production cost of sales per
gold equivalent ounce sold is a non-GAAP measure and is defined as production cost of sales as per the consolidated financial statements
divided by the total number of gold equivalent ounces sold. This measure converts the Company&rsquo;s non-gold production into
gold equivalent ounces and credits it to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attributable production cost of sales per
gold equivalent ounce sold is a non-GAAP measure and is defined as attributable production cost of sales divided by the attributable
number of gold equivalent ounces sold. This measure converts the Company&rsquo;s non-gold production into gold equivalent ounces
and credits it to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management uses these measures to monitor
and evaluate the performance of its operating properties. The following table presents a reconciliation of consolidated and attributable
production cost of sales per equivalent ounce sold for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; border-top: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Consolidated and Attributable<BR> Production Cost of Sales Per<BR> Equivalent Ounce Sold</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 0.125in">(in millions, except ounces and production cost of sales per equivalent ounce)</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">462.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">454.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.7</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.6</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Attributable production cost of sales</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">457.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">450.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">664,165</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">641,752</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,768</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,187</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Attributable gold equivalent ounces sold</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">659,397</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">634,565</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Consolidated production cost of sales per equivalent ounce sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">708</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Attributable production cost of sales per equivalent ounce sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">694</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">709</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attributable production cost of sales per
ounce sold on a by-product basis is a non-GAAP measure which calculates the Company&rsquo;s non-gold production as a credit against
its per ounce production costs, rather than converting its non-gold production into gold equivalent ounces and crediting it to
total production, as is the case in co-product accounting. Management believes that this measure provides investors with the ability
to better evaluate Kinross&rsquo; production cost of sales per ounce on a comparable basis with other major gold producers who
routinely calculate their cost of sales per ounce using by-product accounting rather than co-product accounting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>14 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides a reconciliation
of attributable production cost of sales per ounce sold on a by-product basis for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; border-top: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable Production Cost<BR> of Sales Per Ounce Sold on a<BR> By-Product Basis</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 0.125in">(in millions, except ounces and production cost of sales per ounce)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">462.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">454.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4.7</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4.6</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Less: attributable silver revenues</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(19.5</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(20.2</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Attributable production cost of sales net of silver by-product revenue</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">438.1</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">429.8</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">647,490</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">625,018</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,757</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,167</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Attributable gold ounces sold</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">642,733</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">617,851</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Attributable production cost of sales per ounce sold on a by-product basis</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">682</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">696</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In June 2013, the World Gold Council (&ldquo;WGC&rdquo;)
published its guidelines for reporting all-in sustaining costs and all-in costs. The WGC is a market development organization for
the gold industry and is an association whose membership comprises leading gold mining companies including Kinross. Although the
WGC is not a mining industry regulatory organization, it worked closely with its member companies to develop these non-GAAP measures.
Adoption of the all-in sustaining cost and all-in cost metrics is voluntary and not necessarily standard, and therefore, these
measures presented by the Company may not be comparable to similar measures presented by other issuers. The Company believes that
the all-in sustaining cost and all-in cost measures complement existing measures reported by Kinross.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All-in sustaining cost includes both operating
and capital costs required to sustain gold production on an ongoing basis. The value of silver sold is deducted from the total
production cost of sales as it is considered residual production. Sustaining operating costs represent expenditures incurred at
current operations that are considered necessary to maintain current production. Sustaining capital represents capital expenditures
at existing operations comprising mine development costs and ongoing replacement of mine equipment and other capital facilities,
and does not include capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements
at existing operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All-in cost is comprised of all-in sustaining
cost as well as operating expenditures incurred at locations with no current operation, or costs related to other non-sustaining
activities, and capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements
at existing operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attributable all-in sustaining cost and
all-in cost per ounce sold on a by-product basis are calculated by adjusting total production cost of sales, as reported on the
consolidated statement of operations, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>15 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; border-top: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining<BR> Cost and All-In Cost Per<BR> Ounce Sold on a By-Product<BR> Basis</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 2pt">(in millions, except ounces and costs per ounce)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">462.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">454.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(1)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4.7</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4.6</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: attributable<sup>(2)</sup> silver revenues<sup>(3)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(19.5</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(20.2</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> production cost of sales net of silver by-product revenue</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">438.1</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">429.8</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting items on an attributable<sup>(2)</sup> basis:</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative<sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">38.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation and remediation - sustaining<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and business development - sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">85.7</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">83.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Sustaining Cost on a by-product basis - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">615.4</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">591.3</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - non-sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration - non-sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - non-sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">34.3</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">43.8</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Cost on a by-product basis - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">657.2</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">648.7</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">647,490</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">625,018</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(9)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,757</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,167</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> gold ounces sold</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">642,733</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">617,851</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in sustaining cost per ounce sold on a by-product basis</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">957</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">957</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in cost per ounce sold on a by-product basis</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,023</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,050</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also assesses its all-in sustaining
cost and all-in cost on a gold equivalent ounce basis. Under these non-GAAP measures, the Company&rsquo;s production of silver
is converted into gold equivalent ounces and credited to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attributable all-in sustaining cost and
all-in cost per equivalent ounce sold are calculated by adjusting total production cost of sales, as reported on the consolidated
statement of operations, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 82%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining<BR> Cost and All-In Cost Per<BR> Equivalent Ounce Sold</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 2pt">(in millions, except ounces and costs per equivalent ounce)</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">462.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">454.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(1)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.7</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.6</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> production cost of sales</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">457.6</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">450.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting items on an attributable<sup>(2)</sup> basis:</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative<sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">38.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">23.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation and remediation - sustaining<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.3</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and business development - sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">11.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">85.7</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">83.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Sustaining Cost - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">634.9</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">611.5</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - non-sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; border-left: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration - non-sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">5.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.125in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - non-sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">34.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">43.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Cost - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">676.7</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">668.9</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">664,165</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">641,752</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(9)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,768</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,187</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> gold equivalent ounces sold</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; font-weight: bold; text-align: right">659,397</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 3px solid; text-align: right">634,565</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 3px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in sustaining cost per equivalent ounce sold</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">963</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">964</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in cost per equivalent ounce sold</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,026</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,054</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>16 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(1) &quot;Portion attributable to Chirano non-controlling interest&quot;
represents the non-controlling interest (10%) in the production cost of sales for the Chirano mine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(2) &ldquo;Attributable&rdquo; includes Kinross' share of Chirano
(90%) production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(3) &ldquo;Attributable silver revenues&rdquo; represents the
attributable portion of metal sales realized from the production of the secondary or by-product metal (i.e. silver). Revenue from
the sale of silver, which is produced as a by-product of the process used to produce gold, effectively reduces the cost of gold
production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(4) &ldquo;General and administrative&rdquo; expenses is as
reported on the consolidated statement of operations, net of certain severance expenses. General and administrative expenses are
considered sustaining costs as they are required to be absorbed on a continuing basis for the effective operation and governance
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(5) &ldquo;Other operating expense &ndash; sustaining&rdquo;
is calculated as &ldquo;Other operating expense&rdquo; as reported on the consolidated statement of operations, less other operating
and reclamation and remediation expenses related to non-sustaining activities as well as other items not reflective of the underlying
operating performance of our business. Other operating expenses are classified as either sustaining or non-sustaining based on
the type and location of the expenditure incurred. The majority of other operating expenses that are incurred at existing operations
are considered costs necessary to sustain operations, and are therefore classified as sustaining. Other operating expenses incurred
at locations where there is no current operation or related to other non-sustaining activities are classified as non-sustaining.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(6) &ldquo;Reclamation and remediation - sustaining&rdquo; is
calculated as current period accretion related to reclamation and remediation obligations plus current period amortization of the
corresponding reclamation and remediation assets, and is intended to reflect the periodic cost of reclamation and remediation for
currently operating mines. Reclamation and remediation costs for development projects or closed mines are excluded from this amount
and classified as non-sustaining.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(7) &ldquo;Exploration and business development &ndash; sustaining&rdquo;
is calculated as &ldquo;Exploration and business development&rdquo; expenses as reported on the consolidated statement of operations,
less non-sustaining exploration expenses. Exploration expenses are classified as either sustaining or non-sustaining based on a
determination of the type and location of the exploration expenditure. Exploration expenditures within the footprint of operating
mines are considered costs required to sustain current operations and so are included in sustaining costs. Exploration expenditures
focused on new ore bodies near existing mines (i.e. brownfield), new exploration projects (i.e. greenfield) or for other generative
exploration activity not linked to existing mining operations are classified as non-sustaining. Business development expenses are
considered sustaining costs as they are required for general operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(8) &ldquo;Additions to property, plant and equipment &ndash;
sustaining&rdquo; represents the majority of capital expenditures at existing operations including capitalized exploration costs,
capitalized stripping and underground mine development costs, ongoing replacement of mine equipment and other capital facilities
and other capital expenditures and is calculated as total additions to property, plant and equipment (as reported on the consolidated
statements of cash flows), less capitalized interest and non-sustaining capital. Non-sustaining capital represents capital expenditures
for major growth projects as well as enhancement capital for significant infrastructure improvements at existing operations. Non-sustaining
capital expenditures during the first quarter of 2016 relate to projects at Tasiast and Chirano.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(9) &ldquo;Portion attributable to Chirano non-controlling interest&rdquo;
represents the non-controlling interest (10%) in the ounces sold from the Chirano mine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>17 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
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<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><B>Cautionary statement
on forward-looking information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>All statements, other than statements
of historical fact, contained or incorporated by reference in this news release including, but not limited to, any information
as to the future financial or operating performance of Kinross, constitute &lsquo;&lsquo;forward-looking information&rsquo;&rsquo;
or &lsquo;&lsquo;forward-looking statements&rsquo;&rsquo; within the meaning of certain securities laws, including the provisions
of the Securities Act (Ontario) and the provisions for &lsquo;&lsquo;safe harbor&rsquo;&rsquo; under the United States Private
Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release.
Forward-looking statements contained in this news release, include, but are not limited to, those under the headings (or headings
that include): &ldquo;CEO commentary&ldquo;, &ldquo;Maricunga update&rdquo;, &ldquo;Outlook&rdquo; and &ldquo;Organic development
projects&rdquo;, and include, without limitation, statements with respect to our guidance and forecasts for production; production
costs of sales, all-in sustaining cost and capital expenditures; as well as references to other possible events, the future price
of gold and silver, the timing and amount of estimated future production, costs of production, capital expenditures, costs and
timing of the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations,
capital requirements, project studies, mine life extensions, permitting, restarting suspended or disrupted operations; continuous
improvement initiatives; and resolution of pending litigation and regulatory processes. The words &ldquo;ahead&rdquo;, &ldquo;anticipate&rdquo;,
&ldquo;assumption&rdquo;, &ldquo;believe&rdquo;, &ldquo;contemplate&rdquo;, &ldquo;consideration&rdquo;, &ldquo;contingent&rdquo;,
&ldquo;encouraging&rdquo;, &ldquo;estimates&rdquo;, &lsquo;&lsquo;expects&rsquo;&rsquo;, &ldquo;explore&rdquo;, &ldquo;feasibility&rdquo;,
&ldquo;forecast&rdquo;, &ldquo;focus&rdquo;, &ldquo;forward&rdquo;, &ldquo;future&rdquo;, &ldquo;guidance&rdquo;, &ldquo;indicate&rdquo;,
&ldquo;intend&rdquo;, &ldquo;measures&rdquo;, &ldquo;objective&rdquo;, &ldquo;on track&rdquo;, &ldquo;outlook&rdquo;, &ldquo;opportunity&rdquo;,
&ldquo;path, &ldquo;phase&rdquo;, &ldquo;plan&rdquo;, &ldquo;possible&rdquo;, &ldquo;potential&rdquo;, &ldquo;pre-feasibility&rdquo;,
&ldquo;priority&rdquo;, &ldquo;project&rdquo;, &ldquo;proposition&rdquo;, &ldquo;prospective&rdquo;, &ldquo;risk&rdquo;, &ldquo;strategy&rdquo;,
&ldquo;study&rdquo;, &ldquo;target&rdquo;, &ldquo;trending&rdquo; or &ldquo;upside&rdquo;, or variations of or similar such words
and phrases or statements that certain actions, events or results may, could, should or &lsquo;will be achieved, received or taken,
or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements,
are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions
of Kinross referenced, contained or incorporated by reference in this news release, which may prove to be incorrect, include, but
are not limited to, the various assumptions set forth herein and in our Annual Information Form dated March 31, 2016 (&ldquo;2016
AIF&rdquo;) and our Management&rsquo;s Discussion and Analysis for the fiscal year-end 2015 (&ldquo;2015 MD&amp;A&rdquo;), as well
as: (1) there being no significant disruptions affecting the operations of the Company whether due to extreme weather events (including,
without limitation, excessive or lack of rainfall) and other or related natural disasters, labour disruptions (including but not
limited to at Tasiast following the recent strike notice or otherwise), supply disruptions, power disruptions, illegal incursions,
illegal mining, damage to equipment or otherwise; (2) permitting, development, operations and production from the Company&rsquo;s
operations being consistent with Kinross&rsquo; current expectations including, without limitation, land acquisitions and permitting
for the construction and operation of the Eustaquio tailings facility, water and power supply and launch of the new tailings reprocessing
facility at Paracatu; (3) political and legal developments in any jurisdiction in which the Company operates being consistent with
its current expectations including, without limitation, the impact of political tensions and uncertainty in the Russian Federation
and Ukraine or any related sanctions and any other similar restrictions or penalties imposed, or actions taken, by any government,
including but not limited to potential power rationing, tailing facility regulation and amendments to mining laws in Brazil, potential
amendments to labour laws and water laws and/or other water use restrictions and regulatory actions in Chile, potential amendments
to minerals and mining laws and dam safety regulation in Ghana, potential amendments to customs and mining laws (including but
not limited amendments to the VAT) in Mauritania, and potential amendments to and enforcement of tax laws in Russia (including,
but not limited to, the interpretation, implementation, application and enforcement of any such laws and amendments thereto), being
consistent with Kinross&rsquo; current expectations; (4) the exchange rate between the Canadian dollar, Brazilian real, Chilean
peso, Russian rouble, Mauritanian ouguiya, Ghanaian cedi and the U.S. dollar being approximately consistent with current levels;
(5) certain price assumptions for gold and silver; (6) prices for diesel, natural gas, fuel oil, electricity and other key supplies
being approximately consistent with current levels; (7) production and cost of sales forecasts for the Company meeting expectations;
(8) the accuracy of the current mineral reserve and mineral resource estimates of the Company (including but not limited to ore
tonnage and ore grade estimates); (9) labour and materials costs increasing on a basis consistent with Kinross&rsquo; current expectations;
(10) the terms and conditions of the legal and fiscal stability agreements for the Tasiast and Chirano operations being interpreted
and applied in a manner consistent with their intent and Kinross&rsquo; expectations; (11) goodwill and/or asset impairment potential;
and (12) access to capital markets, including but not limited to credit ratings being consistent with the Company&rsquo;s current
expectations. 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: sanctions (any other similar restrictions or penalties) now or subsequently
imposed, other actions taken, by, against, in respect of or otherwise impacting any jurisdiction in which the Company is domiciled
or operates (including but not limited to the Russian Federation, Canada, the European Union and the United States), or any government
or citizens of, persons or companies domiciled in, or the Company&rsquo;s business, operations or other activities in, any such
jurisdiction; fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities
(such as fuel and electricity); changes in the discount rates applied to calculate the present value of net future cash flows based
on country-specific real weighted average cost of capital; changes in the market valuations of peer group gold producers and the
Company, and the resulting impact on market price to net asset value multiples; changes in various market variables, such as interest
rates, foreign exchange rates, gold or silver prices and lease rates, or global fuel prices, that could impact the mark-to-market
value of outstanding derivative instruments and ongoing payments/receipts under any financial obligations; risks arising from holding
derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); changes in national and local government
legislation, taxation (including but not limited to income tax, advance income tax, stamp tax, withholding tax, capital tax, tariffs,
value-added or sales tax, capital outflow tax, capital gains tax, windfall or windfall profits tax, royalty, excise tax, customs/import
or export taxes/duties, asset taxes, asset transfer tax, property use or other real estate tax, together with any related fine,
penalty, surcharge, or interest imposed in connection with such taxes), controls, policies and regulations; the security of personnel
and assets; the impacts of illegal mining and property incursions; political or economic developments in Canada, the United States,
Chile, Brazil, Russia, Mauritania, Ghana, or other countries in which Kinross does business or may carry on business; business
opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions (including but not
limited to Bald Mountain and the other 50% of Round Mountain) and complete divestitures; operating or technical difficulties in
connection with mining or development activities; employee relations; litigation or other claims against, or regulatory investigations
and/or any enforcement actions or sanctions in respect of the Company (and/or its directors, officers, or employees) including,
but not limited to, securities class action litigation in Canada and/or the United States, or any investigations, enforcement actions
and/or sanctions under any applicable anti-corruption, international sanctions and/or anti-money laundering laws and regulations
in Canada, the United States or any other applicable jurisdiction; permitting and environmental enforcement actions and similar
proceedings in jurisdictions in which the Company operates; the speculative nature of gold exploration and development including,
but not limited to, the risks of obtaining necessary licenses and permits; diminishing quantities or grades of mineral reserves;
adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped properties. 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 the inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, Kinross&rsquo; actual results to differ materially from those expressed or
implied in any forward-looking statements made by, or on behalf of, Kinross,including but not limited to resulting in an impairment
charge on goodwill and/or assets. There can be no assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided
for the purpose of providing information about management&rsquo;s expectations and plans relating to the future. All of the forward-looking
statements made in this news release are qualified by these cautionary statements and those made in our other filings with the
securities regulators of Canada and the United States including, but not limited to, the cautionary statements made in the &lsquo;&lsquo;Risk
Factors&rsquo;&rsquo; section of our most recently filed 2016 AIF and the &ldquo;Risk Analysis&rdquo; sections of our 2015 MD&amp;A
and our Management&rsquo;s Discussion and Analysis for the first quarter of 2016. These factors are not intended to represent a
complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking
statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to
the extent required by applicable law.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>18 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Key Sensitivities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Approximately 70%-80% of the Company's
costs are denominated in US dollars.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>A 10% change in foreign currency exchange
rates would be expected to result in an approximate $15 impact on production cost of sales per ounce<B><SUP> </SUP></B><SUP>6</SUP>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Specific to the Russian rouble, a 10%
change in the exchange rate would be expected to result in an approximate $14 impact on Russian production cost of sales per ounce.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Specific to the Brazilian real, a 10%
change in the exchange rate would be expected to result in an approximate $24 impact on Brazilian production cost of sales per
ounce.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>A $10 per barrel change in the price
of oil would be expected to result in an approximate $3 impact on production cost of sales per ounce.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>A $100 change in the price of gold would
be expected to result in an approximate $3 impact on production cost of sales per ounce as a result of a change in royalties.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Other information</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Where we say &lsquo;&lsquo;we&rsquo;&rsquo;, &lsquo;&lsquo;us&rsquo;&rsquo;,
&lsquo;&lsquo;our&rsquo;&rsquo;, the &lsquo;&lsquo;Company&rsquo;&rsquo;, or &lsquo;&lsquo;Kinross&rsquo;&rsquo; in this news release,
we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The technical information about the Company&rsquo;s mineral
properties (other than exploration activities) contained in this news release has been prepared under the supervision of Mr. John
Sims, an officer of the Company who is a &ldquo;qualified person&rdquo; within the meaning of National Instrument 43-101 (&ldquo;NI
43-101&rdquo;). The technical information about the Company&rsquo;s exploration activities contained in this news release has been
prepared under the supervision of Mr. Sylvain Guerard, an officer of the Company who is a &ldquo;qualified person&rdquo; within
the meaning of NI 43-101.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>6</SUP> <I>Refers to all of the currencies
in the countries where the Company has mining operations, fluctuating simultaneously by 10% in the same direction, either appreciating,
or depreciating, taking into consideration the impact of hedging and the weighting of each currency within our consolidated cost
structure.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </font><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>19 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 first-quarter results</font></b></td>
    <TD STYLE="border-top: #c59b5f 2px solid; width: 50%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><i>www.kinross.com</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
