<SEC-DOCUMENT>0001571049-17-001411.txt : 20170216
<SEC-HEADER>0001571049-17-001411.hdr.sgml : 20170216
<ACCEPTANCE-DATETIME>20170215210142
ACCESSION NUMBER:		0001571049-17-001411
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170215
FILED AS OF DATE:		20170216
DATE AS OF CHANGE:		20170215

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:		17616251

	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>
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<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<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">UNITED STATES</P>

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

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

<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">FORM 6-K</P>

<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">REPORT OF FOREIGN PRIVATE ISSUER</P>

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

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

<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">For the month of February, 2017</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">KINROSS
GOLD CORPORATION</FONT></P>

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

<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"><B>17<SUP>th</SUP> Floor, 25 York Street,</B></P>

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

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

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

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

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

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

<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: justify; text-indent: 0.5in; border-bottom: Black 1pt 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: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Current Report on Form 6-K, dated
February 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: 0pt 0; text-align: justify">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 February 15, 2017 in which Kinross Gold Corporation provided
updates on organic development projects and exploration.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 February 15, 2017.</TD></TR></TABLE>

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

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

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

<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: 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: 0pt 0; text-align: justify">&nbsp;</P>

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    <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">&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: //Kathleen M. Grandy//</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Vice President, Assistant General Counsel and Corporate Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">February 15, 2017</P>

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


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<TYPE>EX-99.1
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<FILENAME>t1700117_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0; border-bottom: Black 1pt solid">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

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

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif"><IMG SRC="t1700117_ex99-1pg1.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: rgb(197,155,95)"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: right">&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: right; color: Gray"><B>For more information,</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: Gray"><B>and results news release</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 7pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: right; color: gray"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: #C69C5F"><B>Kinross provides update
on organic development projects and exploration</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: #C69C5F">Bald Mountain doubles mineral
reserves for potential significant mine life extension</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: #C69C5F">Tasiast Phase One expansion
on track, Phase Two feasibility study on schedule for Q3</P>

<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: rgb(197,155,95) 2pt solid"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 6pt 0 0pt; text-align: justify"><B>Toronto, Ontario </B>&ndash; <B>February
15, 2017</B> &ndash; Kinross Gold Corporation (TSX:K; NYSE:KGC) provided today updates to its organic development projects, exploration
program and its estimated mineral reserves and resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>(This news release contains forward-looking
information about expected financial and operating performance of the Company. All mineral reserves and mineral resources, as well
as mine life disclosures, are estimates.) </I></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Organic development projects: </B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt 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"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt"><B>Bald Mountain:</B>
Company doubles proven and probable mineral reserves to 2.1 million gold ounces (Au oz.) for a potential significant mine life
extension</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">.
</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tasiast Phase One:</B> Development is
on schedule and on budget. Engineering and procurement are substantially concluded and major components for the SAG mill and primary
crusher are now at site. Full commercial production is expected in Q2 2018. Phase One is expected to almost double production to
approximately 400,000 Au eq. oz. per year at an all-in sustaining cost of $760 per Au oz.<SUP>2</SUP> </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt 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"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt"><B>Tasiast Phase Two:</B>
Feasibility study progressing well and is expected to be completed in Q3 2017, at which time the Company expects to make a development
decision. The Phase Two project is expected to produce approximately 780,000 Au eq. oz. per year at an all-in sustaining cost of
$665 per Au oz.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><SUP>2</SUP></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt 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"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt"><B>Round Mountain Phase
W</B>: Company upgraded 1.3 million Au oz. to measured and indicated mineral resources and added 1.7 million Au oz. to inferred
mineral resources</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">
through geologic modelling, drilling and re-engineering of the Phase W project</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">.
The Phase W feasibility study is expected to be completed in Q3 2017. </FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Russia projects: </B>Stripping at <B>September
Northeast</B> has commenced, and development at <B>Moroshka</B> is on schedule for mining to begin in the first half of 2018.<B>
</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Exploration update: </B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt 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"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">Exploration activities
at Bald Mountain, Round Mountain, Kupol and Dvoinoye added a total of 1.06 million Au oz. to the Company&rsquo;s estimated proven
and probable mineral reserves and a total of 0.43 million Au oz. to its inferred mineral resources</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">.
</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross is intensifying its exploration
focus to extensions of known zones and mineralization at current mines, based on past successes extending mine life with this exploration
strategy. </FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In 2017, Kinross is prioritizing exploration
drilling at several operations, including Kupol, which is open at certain zones, and Fort Knox, where drilling is targeting opportunities
for mineral resource additions. </FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Bald Mountain, Tasiast and Kettle River
will also be exploration priorities for the Company in 2017. </FONT></TD></TR></TABLE>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-size: 11pt"><B>Mineral Reserves
and Resources update</B></FONT><B><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 11pt">: </FONT></B></P>

<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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Proven and probable mineral reserve estimates
at year-end 2016 were 31.0 million Au oz. compared with 33.2 million Au oz. at year-end 2015, with additions at Bald Mountain partially
offsetting depletions over the year. Measured and indicated mineral resources estimates were 30.3 million Au oz., a 7% increase
compared with year-end 2015. </FONT></TD></TR></TABLE>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><B><I><SUP>1</SUP></I></B></FONT><I>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">See also Kinross&rsquo; Annual Mineral Reserve and Mineral
Resource Statement, estimated as at December 31, 2016, and explanatory notes starting at page 12.</FONT></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 9pt"><B><I><SUP>2</SUP></I></B></FONT><I><FONT STYLE="font-size: 11pt">
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Forecast site-level all-in sustaining cost excludes
corporate overhead costs. &ldquo;All-in sustaining cost&rdquo; is a non-GAAP financial measure.</FONT></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

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    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; text-align: right; padding-top: 4pt"><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: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

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    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>CEO commentary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><I>J. Paul Rollinson, President and CEO, made the following comments
in relation to Kinross&rsquo; organic development projects: </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">&ldquo;We have made excellent progress advancing
the organic development projects that will shape the future of Kinross and look forward to achieving key milestones in 2017. These
exciting projects span all three regions and are expected to help Kinross extend mine life to maintain strong, consistent production
and cash flow in the years ahead.</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">&ldquo;With the Tasiast Phase One expansion
on track to reach full commercial production in Q2 2018, the Company expects to complete a feasibility study for Phase Two in Q3
2017 and make a development decision at that time. Phase One is expected to almost double production and reduce operating costs
by nearly half while Phase Two is expected to once again significantly increase production to approximately 780,000 Au eq. oz.,
further reduce cost, and extend mine life to 2030.</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">&ldquo;At Bald Mountain, we have doubled
mineral reserve estimates ahead of schedule, confirming our vision for the mine as a long-life asset with significant upside potential.
At the Round Mountain Phase W project, we have upgraded mineral resource estimates and expect to complete a feasibility study in
Q3 2017 to potentially extend mine life.</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">&ldquo;In Russia, stripping at September
Northeast has begun, and mining at Moroshka is scheduled to begin in the first half of 2018, while 2017 exploration will follow
up on encouraging targets in the existing Kupol mine footprint, which is open at certain zones, to potentially extend mine life.&rdquo;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Organic development projects </B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Bald Mountain update</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Company
continues to develop the mine&rsquo;s potential for a significant mine life extension and production expansion. At year-end 2016,
the Company doubled Bald Mountain&rsquo;s proven and probable mineral reserve estimates to 2.1 Au Moz., adding a total of 1.24
Au Moz., with approximately 0.68 Au Moz. from the North area, and approximately 0.57 Au Moz. from the South area</FONT><FONT STYLE="font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 10pt">.</FONT></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 mineral reserve additions in the North
area are primarily the result of continued exploration, definition drilling and mine plan optimization at the Saga, Duke and Top
pits.&nbsp;</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 mineral reserve additions in the South
area are a result of the Company&rsquo;s pre-feasibility work at the Vantage Complex project, and exploration and confirmatory
drilling, geological modelling and metallurgical testing at the Vantage, Luxe and Saddle pits. The pre-feasibility study also contemplates
construction of a new heap leach pad with associated processing facilities and infrastructure. The preliminary capital estimate
for the Vantage Complex project is expected to be in the range of $90 - $120 million, with major works expected to begin in the
first half of 2018. The proposed design of the facilities allows for the full development of the Vantage, Luxe and Saddle pits,
which have a combined 28 million tonnes of ore at an average grade of 0.63 g/t, and makes accommodation for future development
of additional potential satellite pits in the South area, with forecast incremental capacity for 34 million tonnes, for a total
capacity of 62 million tonnes. &nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">A net addition,
0.27 Au Moz. of inferred mineral resources</FONT><FONT STYLE="font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 10pt">
were added to estimates at Bald Mountain as of December 31, 2016, mainly as a result of drilling, refinements to mineral resource
models, and engineering optimization.&nbsp;</FONT></P>

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

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    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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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<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; text-align: justify"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: black">
    <TD NOWRAP COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><b>Bald Mountain mineral reserve and mineral resource</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 9pt; color: white"><sup>1</sup></font></b></td></tr>
<tr style="background-color: black">
    <TD NOWRAP STYLE="width: 37%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2015</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Depletion</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Exploration &amp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><B>Engineering</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2016</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td></tr>
<tr>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Proven and Probable Reserves</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">North area</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,117</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(229)</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">677</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,565</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">South area</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">568</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">568</font></td></tr>
<tr style="background-color: #D9D9D9">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>TOTAL</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>1,117</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>(229)</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>1,245</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>2,133</b></font></td></tr>
<tr>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Measured and Indicated Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">North area</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">3,074</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">3,074</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">South area</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">859</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(385)</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">474</font></td></tr>
<tr style="background-color: #D9D9D9">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>TOTAL</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>3,933</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>-</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>(385)</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>3,548</b></font></td></tr>
<tr>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Inferred Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">North area </font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">246</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">362</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">608</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">South area</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">132</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(92)</font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">40</font></td></tr>
<tr style="background-color: #D9D9D9">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>TOTAL</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>378</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>-</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>270</b></font></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>648</b></font></td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">With a substantial mineral reserve and resources
base and an under-explored land package of approximately 600 km<SUP>2</SUP> located in one of the best mining jurisdictions in
the world, Kinross envisions Bald Mountain as a long-life asset with significant upside potential and mineral resource growth.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Tasiast Phase One and Phase Two expansion</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&nbsp;<B>Tasiast Phase One</B>&nbsp;project
continues to progress well and is on schedule and on budget, with full commercial production expected in Q2 2018. Engineering and
procurement of all equipment packages are substantially concluded. Plant construction is about 20% complete, with significant progress
made on earthworks, concrete, and the&nbsp;tailings storage facility (TSF). The first level of the TSF dam core is complete and
liner placement is now underway. The foundations for the SAG mill and primary crusher are progressing, and installation contracts
have been awarded for most key elements. Major components for the SAG mill and primary crusher have arrived at site, and the SAG
mill installation is expected to begin later this month.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Phase One
is expected to increase plant throughput to 12,000 t/d, and almost double production to approximately 400,000 Au eq. oz. per year
at an all-in sustaining cost of $760 per Au oz.</FONT><FONT STYLE="font-size: 9pt"><SUP>2</SUP></FONT><FONT STYLE="font-size: 10pt">
&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The <B>Tasiast
Phase Two</B>&nbsp;expansion feasibility study is also progressing well and is on schedule to be completed in Q3 2017. The feasibility
study contemplates installing an additional 18,000 t/d of throughput capacity (for a total combined capacity of 30,000 t/d for
both phases), an expanded power plant, upgraded water supply infrastructure, and additions to the mining fleet. The Phase Two project
is expected to produce approximately 780,000 Au eq. oz. per year at an all-in sustaining cost of $665 per Au oz.</FONT><FONT STYLE="font-size: 9pt"><SUP>2</SUP></FONT><FONT STYLE="font-size: 10pt">
The Company expects to make a development decision on Phase Two once the feasibility study has been completed. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">The combined Phase One and Two expansion
is expected to transform Tasiast into the Company&rsquo;s largest operation, with a long mine life and estimated costs amongst
the lowest in its portfolio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C69C5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Russia projects update </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">Kinross' Russian development projects continue
to advance as planned. At&nbsp;<B>September Northeast</B>, located approximately 15 kilometres from Dvoinoye, stripping has commenced,
with the project completed on time and on budget. At the<B>&nbsp;Moroshka</B>&nbsp;project, located approximately four kilometres
from Kupol, decline development and the installation of limited surface infrastructure is underway, with portal construction now
30% complete. Mining is on schedule to commence in the first half of 2018. These two additional sources of ore are expected to
add high-margin ounces into the mine plan, contributing to a one-year mine life extension at Kupol-Dvoinoye to 2021.</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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 3</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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">&nbsp;</P>

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

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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; text-align: justify">A dry-stack tailings filter cake plant has
been constructed at Kupol and is currently being commissioned. The plant allows for tailings storage for the current mineral reserve
estimates, and flexibility to permit additional storage capacity for potential mine life extensions.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Round Mountain Phase W</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Infill, geostatistical,
geotechnical, and metallurgical drilling on the Phase W project continued during Q4 2016 to support the Phase W feasibility study.
The drill program upgraded a total of 1.3 million Au oz. to the Company&rsquo;s measured and indicated mineral resource estimates
and added 1.7 million Au oz. to its inferred mineral resource estimates as at December 31, 2016</FONT><FONT STYLE="font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 10pt">.
Feasibility study activities are now fully underway, with a focus on mine plan optimization, geologic modelling, metallurgical
and geotechnical test work, and engineering of required infrastructure. Permitting activities in support of the project are also
ongoing. The feasibility study on Phase W is expected to be completed in Q3 2017.</FONT></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 Phase W expansion project could potentially
extend life of mine at Round Mountain, one of the most consistent mines in the Company&rsquo;s portfolio.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: black">
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; text-align: center; padding-top: 3pt; padding-bottom: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><b>Round Mountain mineral reserve and mineral resource</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 9pt; color: white"><sup>1</sup></font></b></td></tr>
<tr style="background-color: black">
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 28%; text-align: center; padding-right: 5pt; padding-left: 5pt">&nbsp;</td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-right: 5pt; padding-left: 5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2015</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-right: 5pt; padding-left: 5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Depletion</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-right: 5pt; padding-left: 5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Exploration &amp;<BR>
 Engineering</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-right: 5pt; padding-left: 5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2016 </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz.)</P></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Proven and Probable Reserves</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,470</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(315)</font></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">112</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,267</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Measured and Indicated Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">683</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(35)</font></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,284</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,932</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Inferred Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">233</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(30)</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,660</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,863</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><B>2016 Mineral Reserves
and Mineral Resources update</B></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><I>(See also the Company&rsquo;s detailed
Annual Mineral Reserve and Mineral Resource Statement estimated as at December 31, 2016 and explanatory notes starting at page
12.)</I></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">In preparing the Company&rsquo;s 2016 year-end
mineral reserves and mineral resource estimates as of December 31, 2016, Kinross has maintained gold price assumptions used since
2011: $1,200 per ounce for mineral reserves and $1,400 per ounce for mineral resources. Kinross continued to focus on estimated
higher margin, lower cost ounces, and maintained its fully-loaded costing methodology.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 11pt"><B>Proven
and Probable Mineral Reserves</B></FONT><B><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 11pt"> </FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">Kinross&rsquo; total proven and probable
gold reserve estimate of 31.0 million ounces at year-end 2016, was largely consistent compared with the previous year&rsquo;s estimate
of 33.2 million ounces. The slight net year-over-year decrease was mainly the result of the 3.0 million Au oz. depletion across
the Company&rsquo;s portfolio and the reclassification of 0.9 million Au oz. of mineral reserves at Maricunga to measured and indicated
mineral resources, partially offset by additions of 1.1 million Au oz. from exploration and 0.6 million Au oz. from engineering.</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">Proven and probable silver reserves at year-end
2016 were estimated at approximately 37.4 million ounces, a net decrease of 3.6 million ounces from year-end 2015, primarily due
to production depletion. Silver reserves were estimated using a silver price assumption of $17.00 per ounce.</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">Proven and probable copper reserves at year-end
2016 were estimated at 1.4 billion pounds, unchanged from year-end 2015. Copper reserves, which are exclusively at Cerro Casale,
were estimated using a copper price assumption of $2.40 per pound.</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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 4</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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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    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 11pt"><B>Measured
and Indicated Mineral Resources</B></FONT><B><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">Kinross&rsquo; total estimated measured
and indicated mineral resources at year-end 2016 increased by approximately 2.0 million Au oz. to approximately 30.3 million Au
oz. compared with year-end 2015. The 7% net increase in estimated measured and indicated mineral resources was mainly as a result
of 1.3 million Au oz. that were added at Round Mountain and the reclassification of mineral reserve estimates at Maricunga.</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">Measured and indicated silver resources
were estimated to be 70.9 million ounces, assuming a $20.00 per ounce silver price, compared with 73.2 million ounces at year-end
2015. This decrease was mainly as a result of mineral resource estimate conversion to mineral reserves at Round Mountain.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 11pt"><B>Inferred
Mineral Resources</B></FONT><B><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT></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">Kinross&rsquo; total estimated inferred
gold resources at year-end 2016 were approximately 6.5 million ounces, a net increase of approximately 2.0 million ounces, or 45%
compared with year-end 2015, primarily due to the additional ounce estimates defined at Round Mountain&rsquo;s Phase W project
and exploration results at Dvoinoye.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 97%; border-collapse: collapse">
<tr style="background-color: black">
    <TD COLSPAN="7" STYLE="border: Black 1pt solid; text-align: center; padding-top: 3pt; padding-bottom: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><b>Kinross Gold mineral reserve and mineral resource</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 9pt; color: white"><sup>1</sup></font></b></td></tr>
<tr style="background-color: black">
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 16%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>2015</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Depletion</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Maricunga</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Reclassification</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Exploration</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Engineering</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>2016 </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Proven and Probable Reserves</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">33,222</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(2,983)</font></td>
    <TD STYLE="text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(926)</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,074</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">578</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>30,965</b></font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Measured and Indicated Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">28,335</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(117)</font></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,154</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">109</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">799</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>30,280</b></font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Inferred Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">4,457</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(147)</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">0</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">448</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,715</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>6,473</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><B>Exploration update </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">During 2016, the Company&rsquo;s exploration
efforts continued to focus within the footprint of existing mines and their immediate surrounding districts. In 2017, Kinross is
intensifying its exploration focus to extensions of known zones and mineralization. 2016 exploration highlights include:</P>

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

<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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Bald Mountain:</B> Approximately $9
million was spent in 2016 to achieve the conversion of a portion of the large mineral resource base to mineral reserves by infill
drilling and testing the extensions of known mineralization.</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Round Mountain:</B> Geologic modelling,
drilling and re-engineering of the Phase W project was carried out to support the ongoing Phase W feasibility study. Exploration
drilling upgraded a portion of the site&rsquo;s estimated inferred mineral resources to measured and indicated mineral resources
and added to its inferred mineral resource. </FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kupol:</B> Underground development and
drilling resulted in overall additions to mineral reserve estimates, with a large portion coming from the North Extension.</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Dvoinoye:</B> Drilling upgraded a portion
of high-grade measured and indicated resource to proven and probable reserves and identified an inferred resource mostly within
the Zone 1 area of the deposit. </FONT></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">&nbsp;</P>

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

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<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 5</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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 Symbol; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0"></P>

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    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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">Brownfields exploration drilling also identified
several mineralized intercepts that will be followed up in 2017 with the goal of converting the identified mineralization to measured,
indicated and inferred mineral resources.</P>
<P STYLE="font: 10pt Symbol; margin: 0pt 0">&nbsp;</P>
<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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kupol:</B> Exploration work within the
existing mine footprint identified targets that were drill tested in 2016. These included Zone 650 splay in the south, the south
zone hanging wall, Big Bend and the North East Extension, all of which had encouraging results. Drilling is planned in 2017 to
evaluate the potential of additions to the Company&rsquo;s mineral reserve and mineral resource from the extension areas.</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kettle River:</B> Drilling of the Lower
Portal target at Curlew identified a high grade mineralized structure trending northeast between the K2 and K5 deposits. The Company
plans a 2017 infill drilling campaign to test the extensions of the mineralized zones.</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tasiast</B>: Auger drilling through
sand cover at Tasiast<B> </B>Sud identified Sadraya, a new mineralized zone approximately three kilometres south of the Tamaya
deposit and along the same mineralization and structural corridor. Work in 2017 will continue to probe the depth and strike extensions
of this zone.</FONT></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"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fort Knox</B>: Positive intercepts were
intersected during drilling of the East and South Wall of the existing pit, and additions to the site&rsquo;s inferred resource
are expected in 2017. </FONT></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">Greenfields exploration efforts in 2016
also focused on targets in Nevada, USA and the Abitibi region in Quebec and Ontario, Canada in 2016. The Company also continues
to pursue strategic investments and partnerships with high quality junior exploration companies.</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">A summary of the 2016 highlights is presented
below. Additional details may be found in the Appendices. &ldquo;Appendix A&rdquo; provides illustrations, captions, and accompanying
explanatory notes, and &ldquo;Appendix B&rdquo; provides complete drilling results and drill hole location data corresponding to
the values below.</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"><B>Appendix A: <FONT STYLE="color: blue"><U>http://www.kinross.com/files/doc_news/2017/02/Appendix-A_Q4-YE-2016-Exploration-Figures_February-15.pdf</U></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><B>Appendix B: <FONT STYLE="color: blue"><U>http://www.kinross.com/files/doc_news/2017/02/Appendix-B_Q4-YE-2016-Exploration-Drill-Results_February-15.xlsx</U></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C69C5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Bald Mountain</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">Exploration efforts during the past year
focused on expanding the existing mineral resource estimates and completing a comprehensive review of the site&rsquo;s geological
information to generate targets in the large land holdings. (See Appendix A: Figure 1).</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">Exploration drilling was carried out at
the Saga, Duke, Vantage, Luxe, Saddle, Gator, Redbird, and Top deposits. Soil geochemical sampling and mapping was completed at
Rattlesnake (located in the 50-50 joint venture area) and in the South area. The target delineation exercise generated a number
of potential targets that are expected to be further explored in 2017.</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 2016 drill program at Saga targeted
a NW-trending structure that is interpreted to be controlling the high-grade ore in the previously block-modeled deposit. Short
reverse circulation (RC) drill holes (totalling 6,498 metres) intersected mineralization with slightly higher grades than in the
previous block model. (See Appendix A: Figure 2).</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; text-align: justify">The Vantage Complex, encompassing Vantage,
Gator, Saddle, Luxe and Pentium, was drilled throughout 2016 with most of the activity carried out at Vantage and Gator. The program
aimed to confirm the historical drill holes, and was mostly completed by conventional RC drilling. A total of 31,748 metres were
drilled during the year. (See Appendix A: Figure 3).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">Infill diamond and RC drilling at Redbird
totalling 5,064 metres was carried out in 2016 to confirm higher grades in the previously modelled open pit. The drilling also
tested mineralization open at the south end of the Redbird pit. Follow-up drilling was conducted in the Top Gap area when condemnation
hole T16-002 intersected high grade mineralization in Q2 2016 (67.1 metres at 4.9 g/t Au including 16.8 metres at 9.8 g/t Au, as
set out in the table below). However, the subsequent RC drill holes did not intersect similar high grade mineralization. For full
drill results and explanatory notes see Appendix B.</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="width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 6</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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"><I>&nbsp;</I></P>


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<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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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"><I>Bald Mountain North significant down-hole drill intercepts:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 70%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 28%; border: black 1pt solid; padding: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>From</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>To</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Interval</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(g/t)</FONT></P></td></tr>
<tr style="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt"><b><i>Redbird</i></b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">RBD16-001</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">299.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">387.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">88.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.6</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">RBD16-009</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">263.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">279.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">16.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">5.2</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">RBD16-011</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">266.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">320.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">53.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.3</font></td></tr>
<tr style="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt"><b><i>Top</i></b></font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">T16-001</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">451.1</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">492.3</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">41.1</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.3</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">T16-002</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">364.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">431.3</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">67.1</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.9</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">T16-002 - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">388.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">405.4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">16.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; padding-right: 3pt; padding-left: 3pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.8</font></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 plans to spend approximately
$9 million in 2017 at Bald Mountain with the goal of upgrading resources in the North area (including Redbird South, Top Gap, Rat,
Big Saga, and Numbers) and at Yankee in the South area. The 2016 identified targets are expected to be drill tested, including
those from the 50-50 JV area.</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Round Mountain</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Round
Mountain mineral resource model was updated in the first half of 2016 with a total of 2.4 Au Moz. being classified as inferred
mineral resource estimates. Infill and geostatistical drilling, as well as geological re-interpretation and modelling for the Phase
W project, upgraded a total of 1.3 Au Moz. from inferred mineral resources into measured and indicated mineral resources and added
1.7 Au Moz. to inferred mineral resources</FONT><FONT STYLE="font-size: 9pt"><SUP>1</SUP></FONT><FONT STYLE="font-size: 10pt">.
(See Appendix A: Figure 4). </FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Kupol</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">A recent comprehensive exploration review
at Kupol generated a series of extension targets that were drilled during the second half of 2016. Mineralization remains open
in all directions in certain zones, with the greatest potential for near-term extensions to the north and south. Current mining
at Kupol is taking place in the northern, southern and at-depth extremities of the known ore body. A total of 13,918 metres of
drilling was completed at a number of these targets, including the 650 zone in the south, Big Bend Deep, and North Extension (Star),
which have all been targeted for potential additions to the Kupol resource model in 2017. (See Appendix A: Figure 5).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">In the south, the 650 zone is an extension
of the main Kupol ore body. From there, the 650 zone splay is manifest as a quartz vein developed over widths of up to 10 metres
for a strike length of approximately 300 metres.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">At the northern end of the Kupol main ore
body, Q3 2016 drilling at the North Extension (Star) identified a large mineralized zone 50 metres north of the current mineral
resource. Follow-up exploration drilling during Q4 2016 extended mineralization a further 400 metres along strike and 200 metres
down dip. Geochemical surface sampling over the same area shows an indication of mineralization extending up to 1.8 km from the
current resource. (See Appendix A: Figure 6).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">The depth extension of the Kupol zone was
tested at the Big Bend area. Drilling has identified a mineralized structure with modest grades (up to 5g/t Au). Interpretation
of structural controls and drilling will continue through 2017 to identify the down dip economic potential.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">In addition to the aforementioned extensions
to the main zone, a separate mineralized zone was intersected approximately 400 metres to the east. A total of 12,614 metres of
drilling defined narrow, high-grade quartz veining in splays off a west-dipping fault, opposite to the structure controlling the
Kupol main vein.</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">Continued drilling, geological interpretation
and resource estimation for all four of these target areas will be a major focus for 2017.</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">Drill intercepts from the 2016 Kupol extensions
and Hanging Wall programs are included below. For full drill results and explanatory notes see Appendix 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"></P>

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    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 7</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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">&nbsp;</P>

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

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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"><I>Kupol Mining Licence significant down-hole drill intercepts:</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 95%; border-collapse: collapse">
<TR STYLE="background-color: black">
    <TD NOWRAP STYLE="border: black 1pt solid; padding-top: 3pt; padding-right: 3pt; padding-left: 3pt; text-align: center; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><B>Hole ID</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3pt; padding-right: 3pt; padding-left: 3pt; text-align: center; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><B>From</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3pt; padding-right: 3pt; padding-left: 3pt; text-align: center; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><B>To</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt; width: 12%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><B>Interval</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(m)</P></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3pt; padding-right: 3pt; padding-left: 3pt; text-align: center; width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><B>True Width<BR>
</B>(m)</FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt; width: 12%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><B>Au</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(g/t)</P></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt; width: 12%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><B>Ag </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(g/t)</P></TD></TR>
<TR>
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt"><B><I>Minex</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1211</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">209.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">218.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">5.9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">11.89</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">17.41</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1215</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">200.3</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">225.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">25.2</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">14.6</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.37</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">42.41</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1220</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">173.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">184.9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">11.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">5.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">28.02</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">102.40</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1220 - including</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">173.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">174.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">74.48</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">201.72</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1227</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">243.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">258.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">15.1</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">8.7</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">49.06</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">78.70</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1227 - including</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">243.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">244.9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">456.80</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">339.40</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1198</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">270.2</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">279.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.2</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.7</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">11.57</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">77.56</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1198 - including</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">273.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">278.4</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.6</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">22.48</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">148.84</FONT></TD></TR>
<TR>
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt"><B><I>Hanging Wall</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1173</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">329.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">330.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.3</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">85.96</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">84.80</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1173 - including</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">329.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">329.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.3</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">346.48</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">348.12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1194</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">213.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">215.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">2.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">43.45</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">22.55</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1194 - including</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">213.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">214.0</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">80.2</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">41.8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1197</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">341.9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">348.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">6.9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">7.27</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">10.41</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">KP16-1197 - including</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">342.8</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">343.3</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.5</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">52.68</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt">27.32</FONT></TD></TR>
</TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<tr style="background-color: black">
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; padding: 3pt 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><b>Kupol mineral reserve and mineral resource</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 9pt; color: white"><sup>1</sup></font></b></td></tr>
<tr style="background-color: black">
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 40%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>2015</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Depletion</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>Exploration &amp;<BR>
 Engineering</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white"><b>2016 </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center; color: white">(Au koz)</P></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Proven and Probable Reserves</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,899</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(326)</font></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">110</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">1,683</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Measured and Indicated Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">271</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(72)</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">199</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Inferred Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">108</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">23</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">131</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Dvoinoye</B></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; text-align: justify">The Dvoinoye Zone 1 mineral resource confirmation
program was completed in Q3 2016, for a total of 1,318 metres of shallow infill drilling (See Appendix A: Figure 7). The drill
holes intersected high-grade quartz-hematite veining with pyrite and polymetallic mineralization and lower-grade quartz-breccia
veins with pyrite, which resulted in an increase to the existing block model grade below the current pit surface. (See Appendix
A: Figure 8).</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<tr style="background-color: black">
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; padding: 3pt 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: white"><b>Dvoinoye mineral reserve and mineral resource</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 9pt; color: white"><sup>1</sup></font></b></td></tr>
<tr style="background-color: black">
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 40%; padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2015</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Depletion</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>Exploration &amp;<BR>
 Engineering</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz)</P></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white"><b>2016 </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: white">(Au koz)</P></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Proven and Probable Reserves</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">815</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(326)</font></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">130</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">619</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Measured and Indicated Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">78</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">(36)</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">42</font></td></tr>
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black"><b>Inferred Resources</b></font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">25</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">-</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">83</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: black">108</font></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"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 8</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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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<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Kettle River</B></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; text-align: justify">The 2016 Curlew district drill program was
a multi-phase effort focused around the historic K2 Mine (See Appendix A: Figure 9). Phase 1 of the Curlew program targeted a quartz
veinlet stockwork proximal to the K2 Mine and the Lower Portal, and defined two NW-trending, stacked lenses of quartz veining,
with a high grade NE trend plunging to the north. Phase 2 follow-up drilling tested the extensions of the Lower Portal mineralization.
The program will continue in 2017 and combine the Lower Portal results with the previously identified K5 mineralized zone to determine
the overall potential for the Curlew mine area (See Appendix A: Figure 10). A total of 8,937 metres of diamond drill core was completed
in 2016, and significant intercepts are included in the table below. For full drill results and explanatory notes see Appendix
B.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><I>Curlew significant down-hole drill intercepts:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 75%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD NOWRAP STYLE="width: 28%; border: black 1pt solid; padding: 4pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>Hole
    ID</B></FONT></td>
    <TD NOWRAP STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>From</B></FONT></td>
    <TD NOWRAP STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>To</B></FONT></td>
    <TD NOWRAP STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: White"><B>Int.</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD NOWRAP STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: White"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="color: White">(g/t)</FONT></P></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">K2N16-38</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">52.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">56.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">10.5</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">K5-16-14</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">642.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">677.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">35.4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.3</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">LEV16-01</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">386.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">399.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">12.3</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">6.9</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">LEV16-01</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">392.4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">399.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">6.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.1</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">LP16-06</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">430.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">440.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">11.3</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">LP16-07</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">408.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">427.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">18.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.8</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">LP16-10</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">438</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">438.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">10.4</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Tasiast</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">A new zone was intersected in Q3 2016 as
part of the Tasiast Sud exploration drill program testing surface geochemical anomalies over 15 km along strike of the Tamaya-Kite
shear zone. The Sadraya target is situated three kilometres to the south of Tamaya, and was defined by two phases of drilling in
2016 for a total of 2,480 metres. Quartz vein-hosted pyrrhotite and pyrite mineralization in an oxide-transitional zone was intersected
along five drill fences over 850 metres (see table below). The mineralized zone occurs at approximately 30 metres depth along a
moderate 20-45&deg; east-dipping structure, which may be conducive to a potential satellite pit resource to the Tamaya deposit
upon follow-up drilling and further definition in 2017 (See Appendix A: Figure 11). For full drill results and explanatory notes
see Appendix B.</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"><I>Sadraya significant down-hole drill intercepts:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 75%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 28%; border: black 1pt solid; padding-top: 4pt; padding-right: 5.4pt; padding-bottom: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>From</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>To</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Interval</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(g/t)</FONT></P></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">18884RC</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">68</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">92</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">24</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.1</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">18884RC - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">70</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">86</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">16</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.6</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">18899RC</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">63</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">73</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">10</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">2.7</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">18899RC - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">69</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">73</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">6.1</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">14718RC</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">11</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">58</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">47</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.2</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">14728RC</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">110</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">116</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.3</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">14728RC - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">112</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">115</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">8.1</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Fort Knox</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">At Fort Knox,</FONT><FONT STYLE="font-size: 11pt; color: #C59B5F"><B>
</B></FONT><FONT STYLE="font-size: 10pt">a total of 2,300 metres were drilled into the East and South Wall of the Fort Knox pit
during 2016 (See Appendix A: Figure 12). The 15-hole drill program tested the existing &ldquo;blue sky&rdquo; geologic resource
model for a potential mineral resource addition, and refined the granite-schist contact defining the ore horizon at Fort Knox.
Positive intercepts were intersected in every hole drilled (see table below), and an updated mineral resource estimate is expected
to be presented in 2017. For full drill results and explanatory notes see Appendix B. </FONT></P>

<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; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 9</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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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<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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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"><I>East and South Wall significant down-hole drill intercepts:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 75%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 28%; border: black 1pt solid; padding-top: 4pt; padding-right: 5.4pt; padding-bottom: 4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>From</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>To</B></FONT></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Interval</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(g/t)</FONT></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">FFC16-1483</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">36.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">65.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">29</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.9</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">FFC16-1496</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">100.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">114.3</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">13.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.7</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">FFC16-1504</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">62.5</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">99.1</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">36.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.6</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">FFC16-1511</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">35.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">35.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.9</font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">FFC16-1519</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">54.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">79.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">24.4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.8</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Chirano</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">At Chirano, exploration programs over the
past two years have been challenged by a combination of significant drilling depths and the complexity of ore shoot geometry. As
a result, meaningful recent additions to mineral reserve estimates have been limited to the Akoti deposit adjacent to Paboase.</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">To address these challenges, and to take
a new approach to generating targets, a camp-scale geologic and resource model for the entire Chirano trend was constructed in
2016 with the aim of identifying any additional zones that could be tested for economic potential. Current targets include the
Obra open pit, Akoti South underground, a hanging wall breccia at Akwaaba beneath the current mined area, and depth extensions
at Paboase. These areas will be drill tested in 2017 to evaluate the Chirano trend&rsquo;s full potential along strike and down
dip.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">The Paboase orebody is open at depth, with
existing mineral resource estimate sitting beneath the current life of mine mineral reserve estimates with grades above 10 g/t
that are only partially drilled. Review in 2016 has identified the next 100 metres below the current reserve, which will be tested
in 2017.</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 Obra target was delineated and drilled
in two phases for a total of 17,945 metres during 2016. The programs targeted a potential pushback of the pit wall to the south.
An update to the existing mineral resource model is expected in 2017.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">The Akoti South underground drill program
was also initiated in 2016 with a total 5,048 metres of drilling completed. Select intercepts received to date are included in
the table below.&nbsp;For full drill results and explanatory notes see Appendix B.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><I>Chirano Mine Trend significant drill intercepts:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 28%; border: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 4pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 4pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>From</B></FONT></td>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 4pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: White"><B>To</B></FONT></td>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Interval</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>True
        Width</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(m)</FONT></P></td>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 4pt 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: center"><FONT STYLE="color: White">(g/t)</FONT></P></td></tr>
<tr style="vertical-align: top">
    <td colspan="6" style="border-right: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt"><b><i>Obra OP</i></b></font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2338</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">143</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">173</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">30.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">25.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.6</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2343</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">144</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">177</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">33.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">21.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.7</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2343 - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">144</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">159</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">15.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">10.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">2.7</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2343 - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">147</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">155</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">8.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">5.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.8</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2361</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">216</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">300</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">84.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">57.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">0.8</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2430D</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">391</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">421.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">30.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">27.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">1.6</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2430D - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">396</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">404</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">8.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">7.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">2.2</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2430D - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">416.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">421.2</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.4</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.5</font></td></tr>
<tr style="vertical-align: top">
    <td colspan="6" style="border-right: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt"><b><i>Akoti UG</i></b></font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2446D</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">215</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">237.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">22.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">16.6</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.2</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2446D - including</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">224</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">237.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">13.0</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.8</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">4.2</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">CHRC2456D</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">280.1</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">290</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">9.9</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">8.7</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt">3.9</font></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"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 10</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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">&nbsp;</P>

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

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>La Coipa </B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">At <B>La Coipa</B>,</FONT><FONT STYLE="font-size: 11pt; color: #C59B5F">
</FONT><FONT STYLE="font-size: 10pt">the Phase 7 district drill program was completed in Q3 2016 for a total of 9,257 metres drilled.
The program identified mineralized extensions to Pompeya and Catalina, and defined the new Belen mineralized zone. The target will
undergo further review, although drilling in 2017 may focus on other target zones in the Company&rsquo;s portfolio. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify; color: #C59B5F"><B>Conference call details
</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">In connection with this release and the
Company&rsquo;s 2016 Q4/year-end results, Kinross will hold a conference call and audio webcast on Thursday, February 16, 2017
at 8 a.m. ET to present 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: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><B>UK toll-free: </B>0808-101-2791</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">Replay (available up to 14 days after the call):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><B>Canada &amp; US toll-free </B>&ndash; 1-800-319-6413; Passcode
&ndash; 00179 followed by #.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><B>Outside of Canada &amp; US </B>&ndash; 1-604-638-9010; Passcode
&ndash; 00179 followed by #.</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">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</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">This release should be read in conjunction
with Kinross&rsquo; 2016 Q4/year-end news release, 2016 year-end Financial Statements and Management&rsquo;s Discussion and Analysis
report at <FONT STYLE="color: blue"><U>www.kinross.com</U></FONT>. Kinross&rsquo; 2016 year-end 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 with 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: 0pt 0; color: #0070C0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>About Kinross Gold Corporation </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">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="font: 10pt Times-Roman; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.5in 0pt 0; text-align: left; border-bottom: rgb(197,155,95) 1pt solid">&nbsp;</P>

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

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

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

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

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

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

<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; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 11</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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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<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>2016 Annual Mineral Reserve and Resource Statement
</B></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Proven and Probable Mineral Reserves</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>GOLD</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>PROVEN
    AND PROBABLE MINERAL RESERVES <SUP>(1,3,4,5,6,8)</SUP></B></FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="text-align: center; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Probable</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven
    and Probable</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 18%; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></td>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Bald
    Mountain</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>10,332</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.8</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>271</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100,154</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,862</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>110,486</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,133</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Fort
    Knox Area</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>26,981</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>406</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>77,708</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,100</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>104,689</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,506</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kettle
    River</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>18</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>72</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>20</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>90</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>33,551</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>727</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>23,554</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>540</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,105</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,267</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>70,882</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,409</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>201,488</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,522</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>272,370</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,931</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,195</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,616</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,811</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Paracatu</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Brazil</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>383,487</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,044</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>260,159</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,990</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>643,646</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9,034</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>440,912</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,239</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>502,134</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8,606</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>943,046</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>14,845</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>AFRICA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chirano</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Ghana</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>90.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,017</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.1</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>180</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,176</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>692</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,193</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>872</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Tasiast</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Mauritania</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>28,858</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,238</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100,639</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.1</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,777</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>129,497</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8,015</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>33,875</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,418</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>106,815</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.2</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,469</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>140,690</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.0</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8,887</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,039</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>220</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,251</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>399</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,290</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>619</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>978</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7.2</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>228</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,323</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,455</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,301</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,683</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,017</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>448</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,574</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.8</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,854</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8,591</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,302</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    GOLD</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>547,686</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9,514</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>817,011</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.8</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>21,451</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,364,697</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30,965</B></FONT></td></tr>

<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SILVER</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>PROVEN
    AND PROBABLE MINERAL RESERVES <SUP>(1,3,4,5,6,8)</SUP></B></FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Probable</FONT></td>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven
    and Probable</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD NOWRAP STYLE="border-right: black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; width: 18%; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></td>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>679</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>10.2</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>222</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,770</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,010</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,449</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,232</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>679</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>10.2</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>222</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,770</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,010</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,449</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,232</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,522</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,150</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>14,672</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,522</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.4</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,150</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>14,672</B></FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,039</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11.5</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>386</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,251</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>16.1</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>646</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,290</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>14.0</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,032</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>978</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>95.6</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,006</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,323</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>102.2</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>17,483</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,301</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>101.1</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>20,489</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,017</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>52.3</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,392</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,574</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>85.8</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>18,129</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8,591</B></FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>77.9</B></FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>21,521</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    SILVER</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>60,121</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3.7</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,136</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>252,319</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3.7</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30,289</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>312,440</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3.7</B></FONT></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>37,425</B></FONT></td></tr>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>COPPER</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>PROVEN
    AND PROBABLE MINERAL RESERVES <SUP>(1,3,4,5,6,8)</SUP></B></FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Probable</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Proven
    and Probable</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 18%; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="width: 2%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 10%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 7%; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>240</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.23</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,204</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.22</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,444</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>240</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.23</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,204</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.22</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,444</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    COPPER</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,425</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>240</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241,975</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.23</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,204</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>299,400</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.22</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,444</B></FONT></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"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

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    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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>
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<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Measured and Indicated Mineral Resources</B></P>

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    <TD COLSPAN="12" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>GOLD</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-left: Black 1pt solid; padding: 1pt 2pt; border-right: Black 1pt solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <SUP>(2,3,4,5,6,7,8,9)</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></TD>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured</FONT></TD>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Indicated</FONT></TD>
    <TD COLSPAN="3" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured
    and Indicated</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></TD>
    <TD NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></TD>
    <TD STYLE="width: 2%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Bald
    Mountain</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>24,881</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>517</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>176,056</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,031</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>200,937</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,548</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Fort
    Knox Area</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,321</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>114</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>87,703</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,326</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>95,024</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,440</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kettle
    River</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>245</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>37</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>245</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>37</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>23,593</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>403</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>52,441</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.9</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,529</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>76,034</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.8</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,932</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>White
    Gold</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Yukon</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9,788</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>840</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9,788</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>840</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>55,795</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,034</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>326,233</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,763</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>382,028</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,797</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,739</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>56</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>68,423</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>787</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>74,162</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>843</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>La
    Coipa</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>9</SUP></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,364</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.8</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>307</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25,452</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.8</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,440</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30,816</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.8</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,747</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Lobo
    Marte</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>96,646</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.1</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,525</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>88,720</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,489</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>185,366</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,014</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Maricunga</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>35,908</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.8</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>937</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>209,097</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,492</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>245,005</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,429</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Paracatu</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>137,307</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,264</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>178,201</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,003</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>315,508</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,267</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>280,964</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,089</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>569,893</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>12,211</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>850,857</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>18,300</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>AFRICA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chirano</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Ghana</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>90.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,565</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.9</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>217</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,906</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>581</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,471</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>798</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Tasiast</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Mauritania</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,555</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.9</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>197</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>65,821</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,947</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>72,376</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,144</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>10,120</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>414</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>73,727</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,528</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>83,847</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,942</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>37</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>34.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>41</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>40</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>32.2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>42</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>27</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>12.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>915</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.4</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>188</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>942</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>199</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11.9</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>12</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>952</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7.5</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>229</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>982</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7.6</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>241</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    GOLD</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>346,909</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,549</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>970,805</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>22,731</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,317,714</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.7</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30,280</B></FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="12" STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="12" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>&nbsp;SILVER
    </B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-left: Black 1pt solid; padding: 1pt 2pt; border-right: Black 1pt solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <SUP>(2,3,4,5,6,7,8)</SUP></B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Kinross Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Indicated</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured
    and Indicated</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>612</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.7</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>172</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,896</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.6</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,252</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,508</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,424</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>612</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.7</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>172</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,896</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.6</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,252</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,508</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,424</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,739</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>220</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>68,423</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.1</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,328</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>74,162</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.1</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,548</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>La
    Coipa</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>9</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,364</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>40.0</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,893</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25,452</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>70.1</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>57,341</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30,816</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>64.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>64,234</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,103</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.9</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,113</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>93,875</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>59,669</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>104,978</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>66,782</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.6</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>37</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>20.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>24</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>40</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>20.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>26</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>27</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>153.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>134</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>915</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>85.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,508</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>942</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>87.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,642</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>30</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>139.7</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>136</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>952</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>82.7</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,532</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>982</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>84.5</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,668</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    SILVER</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11,745</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.7</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,421</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100,723</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.6</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>63,453</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>112,468</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>19.6</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>70,874</B></FONT></td></tr>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1pt 2pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>COPPER</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <SUP>(2,3,4,5,6,7,8)</SUP></B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="8" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Kinross Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Indicated</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Measured
    and Indicated</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,739</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.13</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>17</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>68,423</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>248</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>74,162</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>265</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,739</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.13</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>17</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>68,423</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>248</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>74,162</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>265</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    COPPER</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,739</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.13</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>17</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>68,423</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>248</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>74,162</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.16</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>265</B></FONT></td></tr>
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    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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>
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    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Inferred Mineral Resources </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 75%; border-collapse: collapse">
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    <TD NOWRAP COLSPAN="5" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>GOLD</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>INFERRED
    MINERAL RESOURCES&nbsp;&nbsp;<SUP>(2,3,4,5,6,7,8,9)</SUP></B></FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Inferred</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 35%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Bald
    Mountain</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>49,472</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>648</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Fort
    Knox Area</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>13,036</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>193</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kettle
    River</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>23</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>14.4</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>11</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>99,784</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,863</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>White
    Gold</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Yukon</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,166</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>125</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>164,481</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,840</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>123,860</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,498</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>La
    Coipa</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>9</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,121</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.5</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>101</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Lobo
    Marte</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,003</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.1</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>69</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Maricunga</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>53,133</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.6</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,044</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Paracatu</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Brazil</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>20,846</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.3</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>185</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>201,963</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.4</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,897</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>AFRICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chirano</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Ghana</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>90.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,590</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3.0</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>152</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Tasiast</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Mauritania</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5,575</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.9</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>345</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,165</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>497</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>329</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>10.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>108</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>571</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7.1</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>131</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>900</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>8.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>239</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    GOLD</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>374,509</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.5</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>6,473</B></FONT></td></tr>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SILVER</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="4" STYLE="border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>INFERRED
    MINERAL RESOURCES&nbsp;&nbsp;<SUP>(2,3,4,5,6,7,8,9)</SUP></B></FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Inferred</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Ounces</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(g/t)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(koz)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>NORTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Round
    Mountain Area</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>USA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,301</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>428</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,301</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>5.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>428</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>123,860</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.0</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>4,126</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>La
    Coipa</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>9</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,121</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>45.2</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>3,081</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>125,981</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1.8</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>7,207</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>RUSSIA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Dvoinoye</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>329</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>12.7</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>135</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kupol</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Russia</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>100.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>571</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>104.4</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>1,918</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>900</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>70.9</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2,053</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    SILVER</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>129,182</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>2.3</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>9,688</B></FONT></td></tr>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>MINERAL
    RESERVE AND MINERAL RESOURCE STATEMENT</B></FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>COPPER</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="4" STYLE="border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>INFERRED
    MINERAL RESOURCES&nbsp;&nbsp;<SUP>(2,3,4,5,6,7,8)</SUP></B></FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Kinross
    Gold Corporation's Share at December 31, 2016</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr>
    <TD NOWRAP COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Kinross</FONT></td>
    <TD NOWRAP COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Inferred</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Property</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Location</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Interest</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Tonnes</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Grade</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">Pounds</FONT></td></tr>
<tr>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(kt)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(%)</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt">(Mlb)</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SOUTH
    AMERICA</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Cerro
    Casale</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B><SUP>8</SUP></B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>Chile</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>25.0%</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>123,860</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>523</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>SUBTOTAL</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>123,860</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>523</B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>TOTAL
    COPPER</B></FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>123,860</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>0.19</B></FONT></td>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 2pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif;font-size: 8pt"><B>523</B></FONT></td></tr>
</table>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 14</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Mineral Reserve and Mineral Resource Statement
Notes </B></P>

<P STYLE="font: 12pt 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; text-align: justify">(1) Unless otherwise noted, the Company&rsquo;s
mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $US 1,200 per ounce, a silver
price of $US 17.00 per ounce and a copper price of $US $2.40 per pound. Mineral reserves are estimated using appropriate process
recoveries, operating costs and mine plans that are unique to each property and include estimated allowances for dilution and mining
recovery. Mineral reserve estimates are reported in contained units and are estimated based on the following foreign exchange rates:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in">Russian Ruble to $US 60</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in">Chilean Peso to $US 650</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in">Brazilian Real to $US 3.25</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in">Ghanaian Cedi to $US 4.00</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in">Mauritanian Ouguiya to $US 330</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; text-align: justify">(2) Unless otherwise noted, the Company&rsquo;s
mineral resources are estimated using appropriate cut-off grades based on a gold price of $US 1,400 per ounce, a silver price of
$US 20.00 per ounce, and a copper price of $US $3.00 per pound. Foreign exchange rates for estimating mineral resources were the
same as for mineral reserves.</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">(3) The Company&rsquo;s mineral reserve
and mineral resource estimates as at December 31, 2016 are classified in accordance with the Canadian Institute of Mining, Metallurgy
and Petroleum (&ldquo;CIM&rdquo;) &ldquo;CIM Definition Standards - For Mineral Resources and Mineral Reserves&quot; adopted by
the CIM Council (as amended, the &ldquo;CIM Definition Standards&rdquo;) in accordance with the requirements of National Instrument
43-101 &ldquo;Standards of Disclosure for Mineral Projects&quot; (&ldquo;NI 43-101&rdquo;). Mineral reserve and mineral resource
estimates reflect the Company's reasonable expectation that all necessary permits and approvals will be obtained and maintained.</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">(4) Cautionary note to U.S. Investors concerning
estimates of mineral reserves and mineral resources. These estimates have been prepared in accordance with the requirements of
Canadian securities laws, which differ from the requirements of United States&rsquo; securities laws. The terms &ldquo;mineral
reserve&rdquo;, &ldquo;proven mineral reserve and &ldquo;probable mineral reserve&rdquo; are Canadian mining terms as defined in
accordance with NI 43-101 and the CIM Definition Standards. The CIM Definition Standards differ from the definitions in the United
States Securities and Exchange Commission (&ldquo;SEC&rdquo;) Guide 7 (&ldquo;SEC Guide 7&rdquo;) under the United States Securities
Act of 1933, as amended. Under SEC Guide 7, a &ldquo;final&rdquo; or &ldquo;bankable&rdquo; feasibility study is required to report
mineral reserves, the three-year historical average price is used in any mineral reserve or cash flow analysis to designate mineral
reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition,
the terms &ldquo;mineral resource&rdquo;, &ldquo;measured mineral resource&rdquo;, &ldquo;indicated mineral resource&rdquo; and
&ldquo;inferred mineral resource&rdquo; are defined in NI 43-101 and recognized by Canadian securities laws but are not defined
terms under SEC Guide 7 or recognized under U.S. securities laws. U.S. investors are cautioned not to assume that any part or all
of mineral deposits in these categories will ever be upgraded to mineral reserves. &ldquo;Inferred mineral resources&rdquo; have
a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot
be assumed that all or any part of an &ldquo;inferred mineral resource&rdquo; will ever by upgraded to a higher category. Under
Canadian securities laws, estimates of &ldquo;inferred mineral resources&rdquo; may not form the basis of feasibility or pre-feasibility
studies, except in rare cases. U.S. investors are cautioned not to assume that all or any part of an inferred mineral resource
exists or is economically or legally mineable. Accordingly, these mineral reserve and mineral resource estimates and related information
may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements
under the United States federal laws and the rules and regulations thereunder, including SEC Guide 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">(5) Except as provided in Note (8), the
Company's mineral resource and mineral reserve estimates were prepared under the supervision of and verified by Mr. John Sims,
an officer of Kinross, who is a qualified person as defined by NI 43-101.</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">(6) The Company&rsquo;s normal data verification
procedures have been used in collecting, compiling, interpreting and processing the data used to estimate mineral reserves and
mineral resources. Independent data verification has not been performed.</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">(7) Mineral resources that are not mineral
reserves do not have to demonstrate economic viability. Mineral resources are subject to infill drilling, permitting, mine planning,
mining dilution and recovery losses, among other things, to be converted into mineral reserves. Due to the uncertainty associated
with inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded
to indicated or measured mineral resources, including as a result of continued exploration.</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">(8) Estimates for the Cerro Casale project
are based on a project update completed by Barrick Gold Corporation in the first half of 2011 and have been updated to reflect
current guidance. Mineral reserves and mineral resources are estimated using appropriate cut-off grades based on the following
commodity prices and foreign exchange rates:</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 0pt 0.5in; text-align: justify">Mineral reserves - Gold price
of $US1,000 per ounce for 2017-2020, $US1,200 per ounce after; Silver price of $US13.75 per ounce for 2017-2020, $US16.50 per ounce
after; Copper price of $US2.25 per pound for 2017-2020, $US2.75/lb after; 675 Chilean Peso to the $US dollar</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0 0pt 0.5in; text-align: justify">Mineral resources - Gold price
of $US1,500 per ounce, Silver price of $US18.75 per ounce, Copper price of $US3.50 per pound, 675 Chilean Peso to the $US dollar</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify">The mineral reserve and mineral resource
estimates for Cerro Casale were prepared under the supervision of Mr. Rick Sims, who is a qualified person as defined by NI 43-101.</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">(9) Includes mineral resources from the
Puren deposit in which the Company holds a 65% interest. Mineral resources for the Phase 7 project are reported at 100% ownership,
however Kinross has a 75% interest in the Phase 7 project.</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>

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    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 15</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 12pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Mineral Reserve and Mineral Resource Definitions</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; text-align: justify"><FONT STYLE="color: windowtext">A </FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Mineral
Resource&rsquo;</B></FONT><FONT STYLE="color: windowtext"> </FONT>is a concentration or occurrence of solid material of economic
interest in or on the Earth&rsquo;s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual
economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource
are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.</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"><FONT STYLE="color: windowtext">An </FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Inferred
Mineral Resource&rsquo; </B></FONT><FONT STYLE="color: windowtext">is </FONT>that part of a Mineral Resource for which quantity
and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient
to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence
than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that
the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.</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"><FONT STYLE="color: windowtext">An </FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Indicated
Mineral Resource&rsquo;</B></FONT><FONT STYLE="color: windowtext"> is </FONT>that part of a Mineral Resource for which quantity,
grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application
of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological
evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological
and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than
that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.</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">A <FONT STYLE="color: #C59B5F"><B>&lsquo;Measured Mineral Resource&rsquo;
</B></FONT>is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics
are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final
evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling
and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral
Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource.
It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><FONT STYLE="color: windowtext">A &lsquo;</FONT><FONT STYLE="color: #C59B5F"><B>Mineral
Reserve&rsquo; </B></FONT>is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting
materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility
or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of
reporting, extraction could reasonably be justified. The reference point at which Mineral Reserves are defined, usually the point
where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference
point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed
as to what is being reported. The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility
Study.<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><FONT STYLE="color: windowtext">A </FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Probable
Mineral Reserve&rsquo; </B></FONT><FONT STYLE="color: windowtext">is </FONT>the economically mineable part of an Indicated, and
in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve
is lower than that applying to a Proven Mineral Reserve.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0"><FONT STYLE="color: windowtext">A </FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Proven
Mineral Reserve&rsquo; </B></FONT><FONT STYLE="color: windowtext">is the </FONT>economically mineable part of a Measured Mineral
Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"></P>

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    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 16</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif;margin: 0pt 0; color: #C59B5F"><B>Cautionary statement on forward-looking information</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; 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 performance of Kinross, constitute &ldquo;forward looking statements&rdquo; within the meaning of applicable securities
laws, including the provisions of the Securities Act (Ontario) and the provisions for &ldquo;safe harbor&rdquo; 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 presentation. Forward-looking statements contained in this presentation include those statements on slides with, and statements
made under, the headings &ldquo;CEO commentary&rdquo;, &ldquo;Organic Development Projects&rdquo;, &ldquo;Exploration Update&rdquo;
and &ldquo;Mineral Reserves and Resources Update&rdquo; and include, without limitation, statements with respect to our guidance
for production, production costs of sales, all-in sustaining cost and capital expenditures, project schedules, mine life, continuous
improvement initiatives and other cost savings opportunities, as well as references and other statements with respect to other
possible events and opportunities, including, without limitation, estimates and the realization of such estimates (such as mineral
or gold reserves and resources, and mine life); future development, mining activities, production and growth (including but not
limited to cost and timing); success of exploration or development of operations; project studies; restarting suspended or disrupted
operations; the future price of gold and silver; currency fluctuations; expected capital requirements; government regulation; and
environmental risks and proceedings. The words &ldquo;ahead&rdquo;, &ldquo;enhancing&rdquo;, &ldquo;outlook&rdquo;, &ldquo;possible&rdquo;,
&ldquo;principles&rdquo;, &ldquo;trend&rdquo;, or variations of or similar such words and phrases, or statements that certain actions,
events or results may, can, could, would, should, might, occur or will be taken or realized, and similar expressions identify forward
looking statements.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><I>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, models
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 most recently filed Annual Information Form
and our Management&rsquo;s Discussion and Analysis 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 following workforce reductions), supply disruptions,
power disruptions, 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, the construction and operation
of the TSF and SAG Mill at Tasiast; (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 any escalating 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, tailings facility regulation and amendments to
mining laws in Brazil, potential amendments to 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) and mine plans for the Company&rsquo;s mining operations (including but
not limited to throughput and recoveries being affected by metallurgical characteristics at Paracatu); (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 maintaining credit ratings consistent with the Company&rsquo;s current expectations. Although Kinross believes
its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif;margin: 0pt 0; text-align: justify"><I>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; 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 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; 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 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, tailings dam failures,
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).</I></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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 17</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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"><I>&nbsp;</I></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;<IMG SRC="t1700117_ex99-1pg1.jpg" ALT=""></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">&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; text-align: justify"><I>Many of these uncertainties and contingencies can
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. Statements representing management&rsquo;s financial and other outlook have been prepared solely for purposes of expressing
their current views regarding the Company&rsquo;s financial and other outlook and may not be appropriate for any other purpose.
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.</I> <I>All of the forward looking statements made in this presentation
are qualified by these cautionary statements, and those made in our filings with the securities regulators of Canada and the U.S.,
including but not limited to those cautionary statements made in the &ldquo;Risk Factors&rdquo; section of our most recently filed
Annual Information Form, the &ldquo;Risk Analysis&rdquo; section of our FYE 2016 Management&rsquo;s Discussion and Analysis, and
the &ldquo;Cautionary Statement on Forward-Looking Information&rdquo; in the news release titled &ldquo;Kinross reports 2016 fourth-quarter
and full-year results&rdquo; dated February 15, 2017, to which readers are referred and which are incorporated by reference in
this news release, all of which qualify any and all forward-looking statements made in this presentation. 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"><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; text-align: justify"><I>The technical information about the
Company&rsquo;s mineral properties 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;).
</I></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="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 80%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: gray"><b>p. 18</b></font><b><font style="font-family: Times New Roman, Times, Serif;font-size: 16pt; color: #C59B5F"> </font></b><b><font style="font-family: Times New Roman, Times, Serif;font-size: 10pt; color: #C59B5F">Kinross provides update on organic development projects and exploration</font></b></td>
    <TD STYLE="width: 20%; border-top: #C59B5F 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt; 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"><I>&nbsp;</I></P>


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

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