<SEC-DOCUMENT>0001571049-17-004352.txt : 20170503
<SEC-HEADER>0001571049-17-004352.hdr.sgml : 20170503
<ACCEPTANCE-DATETIME>20170502183605
ACCESSION NUMBER:		0001571049-17-004352
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170502
FILED AS OF DATE:		20170503
DATE AS OF CHANGE:		20170502

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:		17806633

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

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PLEXUS RESOURCES CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>t1700289_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">SECURITIES
AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">Washington,
DC 20549</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: center"><FONT STYLE="font-size: 12pt">FORM 6-K</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: center"><FONT STYLE="font-size: 12pt">REPORT OF
FOREIGN PRIVATE ISSUER</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">PURSUANT
TO RULE 13a-16 OR 15d-16</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">UNDER THE
SECURITIES EXCHANGE ACT OF 1934</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: center"><FONT STYLE="font-size: 12pt">For the month
of May, 2017</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">Commission
File Number: 001-13382</FONT></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"><FONT STYLE="font-size: 12pt"><B>17<SUP>th
</SUP>Floor, 25 York Street,</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Toronto,
Ontario M5J 2V5</B></FONT></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">Form 20-F <FONT STYLE="font-family: Wingdings">&uml;</FONT>
Form 40-F <FONT STYLE="font-family: Wingdings">x</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): <FONT STYLE="font-family: Wingdings">&uml;</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">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): <FONT STYLE="font-family: Wingdings">&uml;</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">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">Yes <FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
<FONT STYLE="font-family: Wingdings">x</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">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: left">&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
May 2, 2017 is specifically incorporated by reference into Kinross Gold Corporation's Registration Statements on Form S-8 [Registration
No. 333-217099, filed on April 3, 2017 and 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>

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

<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: 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 May 2, 2017 in which Kinross Gold Corporation announced the
results for the first quarter ended March 31, 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: center">INDEX</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">Table of Contents</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: 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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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-align: left; font-size: 10pt">99.1</TD>
    <TD STYLE="width: 2%; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 88%; text-align: left; font-size: 10pt">Press Release dated May 2, 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: 0pt 0 0pt 372pt; 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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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: left"><B>KINROSS GOLD CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&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>
<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">May 2, 2017</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>t1700289_e99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&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;
2017 first-quarter<BR>
Financial Statements and MD&amp;A</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: 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Kinross
reports 2017 first-quarter results</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt">Tasiast
Phase One expansion on budget and on schedule to reach full production in Q2 2018</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Toronto, Ontario &ndash; May 2, 2017
</B>&ndash; Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the first-quarter ended March 31, 2017.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>2017 first quarter highlights:&nbsp;</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production</B><SUP>1</SUP><B>:</B> 671,956 gold equivalent ounces (Au eq. oz.), compared with
687,463 Au eq. oz. in Q1 2016.</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">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Revenue: </B>$796.1 million, compared with $782.6 million in Q1 2016.</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">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production cost of sales</B><SUP>2</SUP><B>: </B>$701 per Au eq. oz., compared with $687 in
Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>All-in sustaining cost</B><SUP>2</SUP><B>: </B>$953 per Au eq. oz. sold, compared with $956
in Q1 2016. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $945 in Q1 2017, compared with $950 in
Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted operating cash flow</B><SUP>2</SUP><B>: </B>$250.9 million, compared with $207.6 million
in Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Operating cash flow:</B> $207.8 million, compared with $214.5 million in Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted net earnings</B><SUP>2,3</SUP><B>: </B>$23.4 million, or $0.02 per share, compared
with adjusted net earnings of $21.2 million, or $0.02 per share, in Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Reported net earnings</B><SUP>3</SUP><B>:</B> $134.6 million, or $0.11 per share, compared with
earnings of $35.0 million, or $0.03 per share, in Q1 2016.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Organic development projects: </B></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify">The <B>Tasiast Phase One expansion</B> is progressing on time and on budget and is expected to
reach full production in Q2 2018, with the <B>Phase Two</B> feasibility study on schedule to be completed in Q3 2017.</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: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify">At Bald Mountain, engineering work is 60% complete at the <B>Vantage Complex </B>project in the
South area.</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: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify">At Round Mountain, the <B>Phase W</B> feasibility study is on schedule to be completed in Q3 2017.</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: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify">In Russia, development of the <B>September Northeast</B> project near Dvoinoye is now complete,
while at <B>Moroshka</B>, located near Kupol, portal construction is now complete and construction of surface infrastructure is
50% complete.</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">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Outlook:</B> Kinross expects to be within its 2017 guidance for production (2.5 - 2.7 million
Au eq. oz.), production cost of sales ($660 - $720 per Au eq. oz.) and all-in sustaining cost ($925 - $1,025 per Au eq. oz.). The
Company expects to be within its capital expenditures guidance of $900 million (+/- 5%).</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Cerro Casale divestment:</B> On March 28, 2017, the Company agreed to sell its 25% interest
in Cerro Casale and its 100% interest in Quebrada Seca in Chile for $260 million in cash (which includes $20 million for Quebrada
Seca), a contingent payment of $40 million following a construction decision for Cerro Casale, a 1.25% royalty on 25% of gross
revenues from all metals sold at the properties (with the Company foregoing the first $10 million), a contingent water supply agreement
with the Cerro Casale joint venture, and the purchaser assuming a $20 million contingent payment obligation.</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">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Balance sheet: </B>As of March 31, 2017, Kinross had cash and cash equivalents of $819.0 million,
and available credit of $1,433.1 million, for total liquidity of approximately $2.3 billion. After considering the closing of the
Cerro Casale and Quebrada Seca divestment, the Company&rsquo;s pro forma cash and cash equivalent position is approximately $1.1
billion, with a total liquidity position of approximately $2.5 billion.</TD></TR></TABLE>

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

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

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

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

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

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

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    <TD STYLE="border-top: rgb(197,155,95) 2px solid; font-size: 10pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>1</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: rgb(197,155,95)">Kinross
    reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="t1700289_ex99-1logo.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; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>J. Paul Rollinson, President and CEO,
made the following comments in relation to 2017 first-quarter results: </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">&ldquo;Kinross started the year with a
strong quarter, as our portfolio of mines generated solid cash flow. With our sharp focus on delivering consistent results, we
are again on track to meet our annual guidance for production and costs.</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 the quarter, we further strengthened
our balance sheet with the divestment of Cerro Casale, a non-core asset in our portfolio. With the sale, our pro forma cash position
is approximately $1.1 billion, with total liquidity of approximately $2.5 billion. Our strong balance sheet gives us the financial
flexibility to fund our organic development projects in each of our operating regions, which are all progressing well.&rdquo;</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;We are making excellent progress
with the Tasiast Phase One expansion, which is on schedule, on budget and expected to reach full production in approximately one
year. We are continuing to develop Bald Mountain&rsquo;s significant long-term potential, while the mine is on track to double
production in 2017 compared with 2016. The feasibility studies for Tasiast Phase Two and Round Mountain Phase W are on schedule
to be finalized in Q3 2017, when we expect to make a development decision for both projects. Russia&rsquo;s development projects
remain on track to support mine life extension at Kupol-Dvoinoye. We are excited about our pipeline of projects that we expect
to deliver strong production with a lower cost profile in the years ahead.&rdquo;</P>

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

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    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>2</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center; border-top: Black 2px solid">Three months ended</TD><TD STYLE="color: black; font-weight: bold; border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31,</TD><TD STYLE="padding-bottom: 2px; color: black; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">(in millions, except ounces, per share amounts, and per ounce amounts)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016<SUP>(d)</SUP></FONT></TD><TD STYLE="padding-bottom: 2px; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Operating Highlights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total gold equivalent ounces<SUP>(a)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<SUP>(c)</SUP></FONT></TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">677,781</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">691,910</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<SUP>(c)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">652,516</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">664,165</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable gold equivalent ounces<SUP>(a)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<SUP>(c)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">671,956</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">687,463</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<SUP>(c)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">645,946</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">659,397</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Financial Highlights</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Metal sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">796.1</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">782.6</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">458.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">457.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">217.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">193.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Operating earnings</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">48.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">42.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net earnings attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">134.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">35.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Basic earnings per share attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.11</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.03</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Diluted earnings per share attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.11</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.03</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted net earnings attributable to common shareholders<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">23.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">21.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted net earnings per share<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.02</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.02</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from operating activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">207.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">214.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted operating cash flow<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">250.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">207.6</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">Average realized gold price per ounce</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,220</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,179</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consolidated production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">703</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">689</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">701</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">687</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> production cost of sales per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">686</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">674</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in sustaining cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">950</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in sustaining cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">953</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">956</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,101</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,015</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,104</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,019</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

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

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

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.95pt; text-align: left"><SUP>(c)</SUP></TD><TD>&quot;Gold equivalent ounces&quot; include silver ounces
produced and sold converted to a gold equivalent based on a ratio of the average spot market prices for the commodities for each
period. The ratio for the first quarter of 2017 was 69.99:1, compared with 79.64:1 for the first quarter of 2016.</TD>
</TR></TABLE>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.95pt; text-align: left"><SUP>(d)</SUP></TD><TD>The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition
of Bald Mountain and 50% of Round Mountain.</TD>
</TR></TABLE>

<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">The following operating and financial results
are based on first-quarter 2017 gold equivalent production. Production and cost measures are on an attributable basis:</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"><B>Production: </B>Kinross produced 671,956
attributable Au eq. oz. in Q1 2017, compared with production of 687,463 attributable Au eq. oz. in Q1 2016.</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"><B>Production cost of sales:</B> Production
cost of sales per Au eq. oz.<SUP>2</SUP> increased to $701 for Q1 2017, compared with $687 for the first quarter of 2016, mainly
as a result of higher cost of sales per ounce at Paracatu, Round Mountain and Kupol.</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">Production cost of sales per Au oz. on
a by-product basis<SUP>2</SUP> increased to $686 in Q1 2017, compared with $674 in Q1 2016, based on Q1 2017 attributable gold
sales of 627,249 ounces and attributable silver sales of 1,308,861 ounces.</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"><B>All-in sustaining cost: </B>All-in sustaining
cost per Au eq. oz. sold<SUP>2</SUP> decreased to $953 in Q1 2017, compared with $956 in Q1 2016. All-in sustaining cost per Au
oz. sold on a by-product basis<SUP>2</SUP> decreased to $945 in Q1 2017, compared with $950 in Q1 2016.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Average realized gold price: </B>The
average realized gold price in Q1 2017 increased to $1,220 per ounce, compared with $1,179 per ounce in Q1 2016.</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"><B>Revenue: </B>Revenue from metal sales
increased to $796.1 million in Q1 2017, compared with $782.6 million during the same period in 2016, due to a higher average realized
gold price.</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: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>3</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: right; color: #C59B5F"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Margins:</B> Kinross&rsquo; attributable
margin per Au eq. oz. sold<SUP>4</SUP> was $519 for Q1 2017, compared with a Q1 2016 margin of $492 per Au eq. oz.</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"><B>Operating cash flow:</B> Adjusted operating
cash flow<SUP>2</SUP> increased by 21% to $250.9 million for Q1 2017, compared with $207.6 million for Q1 2016.</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">Net operating cash flow was $207.8 million
for the first quarter of 2017, compared with $214.5 million for Q1 2016.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Earnings: </B>Adjusted net earnings<SUP>2,3</SUP>
were $23.4 million, or $0.02 per share, for Q1 2017, compared with $21.2 million, or $0.02 per share, for Q1 2016.</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">Reported net earnings<SUP>3</SUP> were
$134.6 million, or $0.11 per share, for Q1 2017, compared with $35.0 million, or $0.03 per share, for Q1 2016. Reported earnings
increased mainly as result of the increase in operating earnings and a reversal of previously recorded impairment charges of $97.0
million related to the agreement entered into in Q1 2017 to sell Cerro Casale at a price higher than the carrying value.</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"><B>Capital expenditures:</B> Capital expenditures
increased to $178.9 million for Q1 2017, compared with $139.5 million for the same period last year, primarily due to Tasiast Phase
One expansion project costs, and increased spending at Paracatu and Bald Mountain.</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; color: #C59B5F"><B>Operating results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mine-by-mine summaries for 2017 first-quarter
operating results may be found on pages eight and 12 of this news release. Highlights include the following:</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At <B>Fort Knox</B>, production increased
compared with Q1 2016 mainly as a result of higher mill grades and timing of ounces processed through the mill, but decreased compared
with Q4 2016 largely as a result of lower mill throughput and the seasonal reduction in production from the heap. Cost of sales
per ounce decreased compared with Q1 2016 primarily due to lower labour and contractor costs, and more ore mined relative to operating
waste, which also contributed to lower cost of sales per ounce compared with Q4 2016.</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 <B>Round Mountain</B>, performance was
strong during the quarter as production increased year-over-year mainly due to more ounces recovered from the heap leach pads as
a result of higher tonnes places on the pads. The strong performance from the heap leach, along with higher mill and heap leach
grades, contributed to increased production quarter-over-quarter. Cost of sales per ounce increased compared with Q1 2016 largely
due to an increase in operating waste mined, and decreased compared with Q4 2016 primarily due to increased grades and lower contractor
costs.</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 <B>Bald Mountain</B>, production increased
year-over-year and quarter-over-quarter mainly as a result of higher grade material placed on the pads in the fourth quarter of
2016. Cost of sales per ounce decreased year-over-year and quarter-over-quarter as a result of more ore being mined relative to
operating waste. Production at the mine is expected to be higher in the second half of the year, particularly in the fourth quarter,
due to mine sequencing and timing from the heap leach, and the mine is on track to double production in 2017 compared with 2016.</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"><B>Kettle River-Buckhorn</B> continued
to perform well, as higher grades and lower labour costs helped to decrease cost of sales per ounce compared with Q1 2016. Kettle
River-Buckhorn is now expected to reach the end of its mine life by the end of Q2 2017.</P>

<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"></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p.
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>4</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross
    reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <TD STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At <B>Paracatu</B>, production decreased
compared with Q1 2016 and Q4 2016 mainly due to lower mill grades. Cost of sales per ounce increased compared with Q1 2016 and
Q4 2016 due to higher operating waste mined and maintenance costs. Unfavourable foreign exchange movements also contributed to
higher costs during the quarter compared with Q1 2016. During the quarter, the region received lower than average rainfall and,
as a result, Paracatu is expected to temporarily curtail operations early in the third quarter. The potential for curtailment was
factored into the Company&rsquo;s annual production guidance and the site has continued to take further mitigation measures, including
drilling more ground water wells and acquiring more water rights. The Company expects to provide an update with its second quarter
results.</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 <B>Maricunga</B>, gold production from
the rinsing of heap materials placed on the pads prior to the suspension of mining activities continued during the quarter. Cost
of sales per ounce continued to decrease as a result of higher than expected ounces recovered. Gold equivalent ounces sold were
lower than production during the quarter due to timing of sales.</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; color: #C59B5F"><B>Russia</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"><B>Kupol</B> and <B>Dvoinoye</B> performed
as planned in the first quarter. Production was lower than Q1 2016 and Q4 2016 due to anticipated lower grades. Cost of sales per
ounce increased compared with Q1 2016 and Q4 2016 mainly as a result of the lower grades.</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; color: #C59B5F"><B>West Africa</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"><B>Tasiast </B>had strong performance during
the quarter with production 37% higher compared with Q1 2016, mainly as a result of higher mill grades. Production increased compared
with Q4 2016 mainly as a result of higher throughput and stronger grades. Cost of sales per ounce was significantly lower year-over-year
and quarter-over-quarter mainly as a result of higher grades.</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 <B>Chirano</B>, production was stronger
compared with Q1 2016 primarily due to higher grades from the Paboase and Akoti underground deposits, but was lower compared with
Q4 2016 due to lower grades from Paboase and the Tano open pit. Cost of sales per ounce decreased compared with Q1 2016 mainly
as a result of the higher grades and lower power costs, and increased compared with Q4 2016 mainly due to higher labour costs and
increased operating waste mined from the Tano pit.</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; 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Tasiast Phase One </B>development is
making excellent progress, with full commercial production on schedule for Q2 2018. Engineering and procurement are substantially
complete and plant construction is now 35% complete. All major installation contracts have now been awarded, and 80% of all equipment
and materials are on site. Installation and mechanical work for the SAG mill has begun, concrete work remains a major focus at
the primary crusher, and planned upgrades to the leach tanks, cyclone towers and oxygen plant in the existing processing facilities
have commenced. Phase One is expected to increase plant throughput to 12,000 t/d, and increase production to approximately 400,000
Au eq. oz. per year at an all-in sustaining cost of $760 per Au oz.</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 <B>Tasiast Phase Two</B> expansion
feasibility study is also progressing well and is on schedule to be completed in Q3 2017. The Company is expecting to make a development
decision once the feasibility study is finalized.</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 <B>Bald Mountain</B>, the Company continues
to develop the mine&rsquo;s potential after doubling the site&rsquo;s proven and probable mineral reserve estimates at year-end
2016. In the South area, engineering work at the Vantage Complex project is now 60% complete. Major construction work is expected
to commence in the first half of 2018, with the proposed heap leach pad and associated processing facilities and infrastructure
expected to accommodate a total capacity of 68 million tonnes of ore.</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%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>5</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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>

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    <TD STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.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; color: #C59B5F">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The <B>Round Mountain Phase W</B> feasibility
study continues to progress well and is expected to be completed in Q3 2017. The Company is expecting to make a development decision
at that time. The scope of the Phase W expansion project involves changes to site infrastructure and processing facilities, and
a substantial pre-stripping campaign to access a deeper extension of the mineralized zone. Phase W has the potential to extend
life of mine at Round Mountain, one of the most consistent performing mines in the Company's portfolio.</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">Kinross&rsquo; Russian development projects
continue to progress. At the <B>Moroshka</B> project, located approximately four kilometres from Kupol, portal construction is
now complete, decline development is on schedule, and construction of surface infrastructure is now 50% complete. At <B>September
Northeast</B>, located approximately 15 kilometres northwest of Dvoinoye, stripping has commenced, with development of the project
completed on time and on budget. Processing of September Northeast ore at the Kupol mill is expected to commence in June. The new
filter cake plant at Kupol is now in operation, which 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; color: #C59B5F"><B><BR>
Cerro Casale divestment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><BR>
On March 28, 2017, the Company agreed to sell to Goldcorp Inc. its 25% interest in Cerro Casale and its 100% interest in Quebrada
Seca in Chile for $260 million in cash (which includes $20 million for Quebrada Seca).</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 agreement also includes: $40 million
in cash, payable following a construction decision for Cerro Casale; the assumption by Goldcorp of a $20 million payment obligation
due to Barrick Gold Corporation under the existing Cerro Casale shareholders agreement, which is payable when commercial production
at Cerro Casale commences; and a 1.25% royalty from Goldcorp based on 25% of gross revenues from all metals sold at Cerro Casale
and Quebrada Seca, with Kinross foregoing the first $10 million.</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">Additionally, Kinross will enter into a
contingent water supply agreement with the Cerro Casale joint venture. Kinross expects to use any water supplied under such agreement
for its Chilean assets to enhance future optionality.</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; color: #C59B5F"><B>Balance sheet</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">As of March 31, 2017, Kinross had cash
and cash equivalents of $819.0 million, compared with $827.0 million as of December 31, 2016. The Company also had available credit
of $1,433.1 million as of March 31, 2017 for total liquidity of approximately $2.3 billion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s pro forma cash and
cash equivalent position is approximately $1.1 billion after considering the Cerro Casale and Quebrada Seca divestment, with a
total liquidity position of approximately $2.5 billion.</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">With no other debt maturities until 2020,
Kinross is well-positioned to fund its pipeline of organic development projects with its strong balance sheet and liquidity.</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; color: #C59B5F"><B>Outlook</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As previously announced on February 15,
2017, Kinross expects to produce approximately 2.5 - 2.7 million Au eq. oz. for the year and be within its regional production
guidance ranges.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company expects to be within its regional
production cost of sales guidance ranges, its company-wide production cost of sales guidance range of $660 - $720 per Au eq. oz.,
and its all-in sustaining cost guidance range of $925 - $1,025 per Au eq. oz. sold 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">The Company also expects to meet its 2017 capital expenditure
forecast of approximately $900 million (+/- 5%).</P>

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

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    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>6</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 the release, Kinross
will hold a conference call and audio webcast on Wednesday, May 3, 2017 at 7:45 a.m. ET to discuss the results, followed by a question-and-answer
session. To access the call, please dial:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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">&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; 1297 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; 1297 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; text-align: justify">You may also access the conference call on a listen-only
basis via webcast at our website <FONT STYLE="color: blue">www.kinross.com</FONT>. The audio webcast will be archived on our
website at <FONT STYLE="color: blue">www.kinross.com</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kinross&rsquo; Annual Shareholders Meeting
will be held on Wednesday, May 3, 2017 at 10:00 a.m. ET at the Glenn Gould Studio, 250 Front Street West, Toronto, Ontario, Canada.
A live audio webcast (listen-only mode) of the Annual Meeting will be available at <FONT STYLE="color: Blue"><U>www.kinross.com
</U></FONT>and will also be archived for later access.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This news release should be read in conjunction
with Kinross&rsquo; 2017 first-quarter unaudited Financial Statements and Management&rsquo;s Discussion and Analysis report at
<FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT>. Kinross&rsquo; 2017 first-quarter unaudited Financial Statements and
Management&rsquo;s Discussion and Analysis have been filed with Canadian securities regulators (available at <FONT STYLE="color: Blue"><U>www.sedar.com</U></FONT>)
and furnished to the U.S. Securities and Exchange Commission (available at <FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT>).
Kinross shareholders may obtain a copy of the financial statements free of charge upon request to the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>About Kinross Gold Corporation<BR>
<BR>
</B></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 New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></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">phone: 416-369-6469</P>

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

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

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

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

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    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><B>Review of operations</B></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
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    <TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">Three months ended March 31,</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Gold equivalent ounces</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Produced</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Sold</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="7" STYLE="font-weight: normal; text-align: center; border-bottom: Black 2px solid; font-style: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Production cost of sales</B></FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>($millions)</I></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid">Production cost of<BR> sales/equivalent ounce sold</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016<SUP>(a)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016<SUP>(a)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 20%; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Fort Knox</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">93,038</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">87,800</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">94,741</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">87,889</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">58.5</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">62.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 7%; font-weight: bold; text-align: right">617</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">708</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Round Mountain</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">102,749</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,926</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">104,098</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">90,474</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">75.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">725</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">668</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Bald Mountain</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47,077</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,422</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">41,647</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,197</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">33.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">812</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,170</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Kettle River - Buckhorn</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,566</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,312</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,895</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,264</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">550</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">785</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">Paracatu</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">108,096</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119,376</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">103,276</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">117,090</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">97.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">948</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">682</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Maricunga</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">36,001</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">59,076</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">8,571</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">57,490</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">3.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">47.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">350</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">823</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Americas Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">411,527</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">407,912</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">377,228</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">392,404</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">282.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">285.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">749</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">727</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Kupol</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">143,378</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">192,450</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">143,481</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">175,691</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">71.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">78.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">500</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">445</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Russia Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">143,378</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">192,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">143,481</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,691</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">71.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">500</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">445</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">Tasiast</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">64,623</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47,078</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">66,112</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,391</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">711</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">975</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Chirano (100%)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">58,253</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">44,470</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">65,695</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">47,679</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">57.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">47.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">877</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">990</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">West Africa Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">122,876</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">91,548</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">131,807</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">96,070</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">104.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">94.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">794</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">983</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Operations Total</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">677,781</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">691,910</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">652,516</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">664,165</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">458.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">457.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">703</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">689</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Less Chirano non-controlling <BR> interest (10%)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5,825</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4,447</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(6,570</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4,768</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 2pt">Attributable Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">671,956</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">687,463</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">645,946</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">659,397</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">453.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">453.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">701</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">687</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</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">(a) The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition
of Bald Mountain and 50% of Round Mountain.</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: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>8</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 52%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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<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: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="5" STYLE="color: black; font-style: italic; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars, except share amounts)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="7" STYLE="text-align: center; border-bottom: Black 2px solid">As at</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center">March 31</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">December 31,</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2016</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; font-weight: bold; padding-left: 2pt; border-left: Black 2px solid">Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: black; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 69%; text-align: left; text-indent: 16pt; border-left: Black 2px solid">Cash and cash equivalents</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; background-color: Silver">819.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">827.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Restricted cash</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">12.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">98.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">127.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current income tax recoverable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">86.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">111.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">964.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">986.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Unrealized fair value of derivative assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">17.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Assets classified as held for sale</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">246.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">2,245.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,080.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Property, plant and equipment</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">4,866.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,917.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Goodwill</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">162.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Long-term investments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">171.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Investments in associate and joint ventures</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">24.0</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">163.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Unrealized fair value of derivative assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">3.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Other long-term assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">436.0</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">411.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Deferred tax assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">94.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">94.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,003.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,979.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accounts payable and accrued liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">385.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">464.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current income tax payable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">41.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Current portion of provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">85.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 0in; padding-left: 0.25in; border-left: Black 2px solid">Current portion of unrealized fair value of derivative liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">0.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">512.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">637.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid">&nbsp;Non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">&nbsp;Long-term debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,733.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,733.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 8pt; border-left: Black 2px solid">&nbsp;Provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">869.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">861.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 8pt; border-left: Black 2px solid">&nbsp;Other long-term liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">172.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">172.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">&nbsp;Deferred tax liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">378.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">390.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Total liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">3,667.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,795.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid">Common shareholders' equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 16pt; border-left: Black 2px solid">Common share capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">14,901.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">14,894.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Contributed surplus</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">230.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">238.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accumulated deficit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(10,891.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11,026.1</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Accumulated other comprehensive income (loss)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">58.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">39.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Total common shareholders' equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,298.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">4,145.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">&nbsp;Non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">38.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">38.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Total equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,336.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">4,184.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid">Total liabilities and equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,003.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,979.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; background-color: White">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid; background-color: White">Common shares</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; background-color: White">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-indent: 8.05pt; border-left: Black 2px solid; background-color: White">Authorized</TD><TD STYLE="font-weight: bold; background-color: White">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: White">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: White"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Unlimited</B></FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unlimited</FONT></TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; background-color: White">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 8.05pt; border-left: Black 2px solid">Issued and outstanding</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,246,749,579</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,245,049,712</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 8.05pt; border-left: Black 2px solid; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: White">&nbsp;</TD></TR>
</TABLE>

<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: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>9</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>


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<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; color: #C59B5F"><B>&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 50%; font-size: 10pt; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F"><B>Kinross
Gold Corporation</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25 York Street, 17th Floor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toronto, ON Canada M5J 2V5</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Consolidated
statements of operations</B></FONT></P>

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

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">March 31,</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March 31, <SUP>(a)</SUP></FONT></TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2017</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Revenue</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 69%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Metal sales</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 12%; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">796.1</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">782.6</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Cost of sales</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Production cost of sales</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">458.8</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">457.7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Depreciation, depletion and amortization</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">217.5</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">193.2</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total cost of sales</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">676.3</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">650.9</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Gross profit</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">119.8</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">131.7</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Other operating expense</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">15.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">33.9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Exploration and business development</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">21.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">16.7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">General and administrative</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">35.2</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">38.3</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Operating earnings</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">48.6</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">42.8</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Other income (expense) - net</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">114.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Equity in earnings (losses) of associate and joint ventures</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(0.4</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Finance income</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">3.5</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Finance expense</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(29.0</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(33.2</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Earnings before tax</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">136.7</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20.9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Income tax recovery (expense) - net</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(2.9</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">12.7</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net earnings</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">133.8</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">33.6</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Net earnings (loss) attributable to:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Non-controlling interest</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(0.8</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1.4</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;Common shareholders</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">134.6</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">35.0</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Earnings per share attributable to common shareholders</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 8pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">0.11</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.03</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 8pt; border-left: Black 2px solid">Diluted</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">0.11</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.03</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-indent: 8pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Weighted average number of common shares outstanding (millions)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 8pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">1,245.6</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,173.6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid; border-bottom: Black 2px solid">Diluted</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">1,255.1</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,182.8</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition
of Bald Mountain and 50% of Round Mountain.</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: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>10</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid; 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; color: #C59B5F"><B></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="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross Gold Corporation</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25 York Street, 17th Floor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toronto, ON Canada M5J 2V5</FONT></TD></TR>
</TABLE>
<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">&nbsp;</P>

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

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

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">March 31,</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March 31, <SUP>(a)</SUP></FONT></TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2017</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Operating:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Net earnings</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">133.8</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">33.6</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Adjustments to reconcile net earnings to net cash provided from operating activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Depreciation, depletion and amortization</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">217.5</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">193.2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Reversal of impairment charges</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(97.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Equity in losses (earnings) of associate and joint ventures</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">0.4</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Share-based compensation expense</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">3.3</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Finance expense</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">29.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">33.2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Deferred tax recovery</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(13.1</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(59.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Foreign exchange losses (gains) and other</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(23.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Changes in operating assets and liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 16pt; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">50.2</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1.3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 16pt; border-left: Black 2px solid">Inventories</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">5.7</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">34.3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 16pt; border-left: Black 2px solid">Accounts payable and accrued liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(74.8</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">14.0</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash flow provided from operating activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">232.0</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">254.6</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Income taxes paid</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(24.2</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(40.1</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow provided from operating activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">207.8</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">214.5</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Investing:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Additions to property, plant and equipment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(178.9</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(139.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Business acquisition</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">-</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(610.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Net additions to long-term investments and other assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(9.6</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(11.1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Net proceeds from the sale of property, plant and equipment</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">1.1</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Increase in restricted cash</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(0.8</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Interest received and other</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">2.1</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.6</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow used in investing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(186.1</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(756.0</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">Financing:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 8pt; border-left: Black 2px solid">Issuance of common shares on exercise of options</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">0.1</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 8pt; border-left: Black 2px solid">Proceeds from issuance of equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">-</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">275.7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 8pt; border-left: Black 2px solid">Interest paid</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(31.7</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(29.6</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow provided from (used in) financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(31.6</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">246.1</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Effect of exchange rate changes on cash and cash equivalents</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">1.9</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1.9</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Decrease in cash and cash equivalents</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">(8.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(293.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash and cash equivalents, beginning of period</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">827.0</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,043.9</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash and cash equivalents, end of period</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; background-color: Silver">819.0</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">750.4</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition
of Bald Mountain and 50% of Round Mountain.</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="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>11</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid; 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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="3" STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross Gold Corporation</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25 York Street, 17th Floor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toronto, ON Canada M5J 2V5</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: white"><B>Operating
    Summary</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 11%; border: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Mine</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ownership</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Tonnes
    Ore Mined <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ore
    </B></FONT><FONT STYLE="font-size: 7pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed (Milled) <SUP>(1) </SUP></B></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Ore
    </B></FONT><FONT STYLE="font-size: 7pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed (Heap Leach) <SUP>(1)</SUP></B></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;Grade
    (Mill) </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;Grade
    (Heap Leach) </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Recovery
    <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Gold
    Eq Production <SUP>(5)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Gold
    Eq Sales <SUP>(5)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Production
    cost of sales</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Production
    cost of sales/oz</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Cap
    Ex <SUP>(7)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>DD&amp;A</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(%)</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;('000
    tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;('000
    tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;('000
    tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;(g/t)
    </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;(g/t)
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">(%)</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;(ounces)
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;(ounces)
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;($
    millions) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;($/ounce)
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;($
    millions) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;($
    millions) </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="30" STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Americas</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Fort
    Knox</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;5,242
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;2,933
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;3,885
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.75
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.23
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>83%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;93,038
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;94,741
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    58.5 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    617 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    28.0 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    22.5 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;9,864
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,235
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;7,226
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.79
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.28
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;114,427
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;115,101
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;82.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;719
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;23.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.5
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;8,959
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,270
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;9,507
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.68
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.26
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">85%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;110,396
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;107,444
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;79.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;743
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;13.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;20.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;6,141
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,467
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;4,914
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.64
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.28
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;97,221
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;97,625
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;77.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;793
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;15.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;6,786
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,246
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;7,495
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.66
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.26
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">81%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;87,800
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;87,889
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;62.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;708
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;18.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;23.5
    </FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Round
    Mountain</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;5,947
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;951
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;4,548
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;1.14
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.51
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>82%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;102,749
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;104,098
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    75.5 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    725 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    6.3 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    28.9 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;7,488
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;865
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;6,054
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.99
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.43
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">78%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;99,310
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;107,313
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;86.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;807
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;33.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;5,392
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;953
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;5,426
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.98
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.43
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">82%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;93,215
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;88,477
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;73.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;833
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;14.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;24.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;6,632
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;942
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;5,533
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.80
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.40
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">80%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;92,813
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;91,646
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;71.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;778
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;20.8
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016 <SUP>(8)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100
    <SUP>(8)</SUP></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;4,018
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;869
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,071
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.17
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.44
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;92,926
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;90,474
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;60.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;668
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;16.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;16.1
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Bald
    Mountain <SUP>(8), (9)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;3,660
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;3,660
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.69
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>nm</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;47,077
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;41,647
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    33.8 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    812 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    15.7 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    14.1 </B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,627
    </FONT></TD>
    <TD STYLE="border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,627
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.72
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;44,343
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;34,585
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;$
    44.5 </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;$
    1,287 </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;$
    17.7 </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;$
    17.3 </FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,081
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,081
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.66
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;32,675
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30,174
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,024
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;16.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.7
    </FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2,182
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2,182
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.48
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;32,704
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;35,508
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;43.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,217
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;4.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;8.6
    </FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016 <SUP>(8)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,766
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,766
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.62
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;20,422
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11,197
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;13.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,170
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.0
    </FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Kettle
    River- Buckhorn</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;98
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;96
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;9.95
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>93%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;24,566
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;24,895
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    13.7 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    550 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    - </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    0.4 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;128
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;122
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;8.49
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">94%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30,690
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30,862
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;15.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;502
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;123
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;111
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;8.14
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">94%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28,241
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28,104
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;17.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;608
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;101
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;101
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;7.40
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">93%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;25,031
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;24,808
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;18.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;734
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;86
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;107
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;7.23
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28,312
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28,264
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;785
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.3
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Paracatu</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;10,226
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;11,892
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.38
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>73%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;108,096
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;103,276
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    97.9 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    948 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    25.9 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    33.5 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10,675
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11,962
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.44
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">73%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;124,975
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;127,576
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;101.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;796
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;40.9
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12,597
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11,084
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.48
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">73%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;111,889
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;111,796
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;77.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;693
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;34.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;31.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12,109
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12,331
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.44
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">70%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;126,774
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;126,365
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;87.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;692
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;15.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;35.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11,825
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11,439
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.44
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">73%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;119,376
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;117,090
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;79.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;682
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;35.4
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Maricunga
    <SUP>(8)</SUP></B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;36,001
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;8,571
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    3.0 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    350 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    0.1 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    1.2 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;32,899
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;33,360
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;17.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;534
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;766
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;779
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.68
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;39,253
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;39,458
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;37.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;950
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.8
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,346
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,475
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.61
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;44,304
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;45,362
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;42.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;939
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;3,947
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;4,254
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.69
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;59,076
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;57,490
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;823
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.8
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: Black 1pt solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Russia</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Kupol
    <SUP>(3)(4)(6)</SUP></B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;448
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;417
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;10.23
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>95%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;143,378
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;143,481
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    71.8 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    500 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    5.4 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    55.0 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;503
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;426
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12.46
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;180,023
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;179,912
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;80.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;449
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;21.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;63.1
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;492
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;440
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11.79
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;178,032
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;181,508
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;82.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;454
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;24.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;60.9
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;513
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;428
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12.75
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;183,638
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;198,890
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;82.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;417
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;15.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;59.9
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;494
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;416
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;13.92
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;192,450
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;175,691
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;78.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;445
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;27.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;52.9
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="15" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>West
    Africa</B></FONT></TD>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Tasiast</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;1,037
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;746
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;75
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;2.41
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;0.50
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>92%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;64,623
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;66,112
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    47.0 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    711 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    71.1 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    25.3 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,683
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;736
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;454
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.39
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.46
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;63,728
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;61,318
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;58.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;957
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;68.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;29.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2,462
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;457
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,585
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.78
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.45
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;34,793
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30,793
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;38.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,237
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;36.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,937
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;489
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,542
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.39
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.45
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;29,577
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28,467
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;35.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,240
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;36.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,891
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;777
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,187
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.51
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;0.41
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47,078
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;48,391
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;975
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;49.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;22.7
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Chirano
    - 100%</B></FONT></TD>
    <TD STYLE="border: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>90</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;845
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;852
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;2.25
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>92%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;58,253
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;65,695
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    57.6 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    877 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    17.9 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    34.5 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;864
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;811
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.55
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;62,106
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;53,400
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;41.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;772
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;14.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;28.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;858
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;918
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.35
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;61,817
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;62,573
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;53.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;847
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;9.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;30.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;547
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;882
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.72
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;43,561
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;42,312
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;48.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,142
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;25.8
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;453
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;847
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.77
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;44,470
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47,679
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;990
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;11.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;25.7
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Chirano
    - 90%</B></FONT></TD>
    <TD STYLE="border: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2017</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>90</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;845
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;852
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;2.25
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>92%</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;52,428
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;59,125
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    51.8 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    877 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    16.1 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>&nbsp;$
    31.1 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q4
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;864
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;811
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.55
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;55,896
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;48,060
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;37.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;772
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;12.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;25.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q3
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;858
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;918
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;2.35
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;55,635
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;56,316
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;47.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;847
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;8.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;27.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;547
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;882
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.72
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;39,205
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;38,081
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;43.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1,142
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;23.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"><B>Q1
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;453
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;847
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;1.77
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;40,023
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;42,911
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;42.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;990
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;10.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; background-color: white; padding-right: 0; padding-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;23.1
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tonnes of ore mined and processed represent 100% Kinross for all periods presented.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Due to the nature of heap leach operations, recovery rates at Maricunga and Bald Mountain cannot be accurately measured on a quarterly basis. Recovery rates at Fort Knox, Round Mountain and Tasiast represent mill recovery only.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Kupol segment includes the Kupol and Dvoinoye mines.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kupol silver grade and recovery were as follows: Q1 (2017) 83.03 g/t, 85.4%; Q4 (2016) 99.05 g/t, 86.6%; Q3 (2016) 104.36 g/t, 90.0%; Q2 (2016) 105.89 g/t, 86.5%; Q1 (2016) 104.19 g/t, 88.0%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold equivalent ounces include silver ounces produced and sold converted to a gold equivalent based on the ratio of the average spot market prices for the commodities for each period. The ratios for the quarters presented are as follows: Q1 2017: 69.99:1; Q4 2016: 70.88:1; Q3 2016: 68.05:1; Q2 2016: 75.06:1; Q1 2016: 79.64:1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dvoinoye ore processed and grade were as follows: Q1 (2017) 120,255 tonnes, 14.67 g/t ; Q4 (2016) 120,000 tonnes, 21.24 g/t ; Q3 (2016) 117,814 tonnes, 18.96 g/t ; Q2 (2016) 118,057 tonnes, 22.42 g/t; Q1 (2016) 129,675 tonnes, 22.69 g/t</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital expenditures are presented on a cash basis, consistent with the statement of cash flows. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The interim financial statements for the three months ended March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition of Bald Mountain and 50% of Round Mountain.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(9)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&quot;nm&quot; means not meaningful.</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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
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    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal; color: gray">p.
        </FONT><FONT STYLE="color: gray"><B>12</B></FONT><B> <FONT STYLE="color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></P></TD>
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid; 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 0pt 0.5in; color: #C59B5F"><B>&nbsp;</B></P>


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    <TD ROWSPAN="4" STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross Gold Corporation</FONT></B></TD></TR>
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    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25 York Street, 17th Floor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toronto, ON Canada M5J 2V5</FONT></TD></TR>
</TABLE>
<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; color: #C59B5F"><B>Reconciliation of non-GAAP financial measures</B></P>

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

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

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

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

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

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

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">Adjusted Earnings</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: italic 10pt Times New Roman, Times, Serif; border-left: Black 2px solid">(in millions, except per share amounts)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <SUP>(d)</SUP></FONT></TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net earnings attributable to common shareholders - as reported</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">134.6</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">35.0</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting items<SUP>(a)</SUP>:</FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Foreign exchange losses</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2.6</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Gains on sale of other assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(0.5</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(3.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Foreign exchange gains on translation of tax basis and foreign exchange on deferred income taxes within income tax expense</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(4.4</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(6.2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Acquisition costs</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Taxes in respect of prior years</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4.7</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(6.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reversal of impairment charges <SUP>(b)</SUP></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(97.0</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in; border-left: Black 2px solid">Insurance recoveries</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(17.5</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other<SUP>(b)</SUP></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(0.4</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(7.9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; padding-left: 0.125in; border-left: Black 2px solid">Tax effect of above adjustments</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1.3</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.3</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(111.2</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(13.8</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Adjusted net earnings attributable to common shareholders</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">23.4</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">21.2</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-left: Black 2px solid">Weighted average number of common shares outstanding - Basic</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,245.6</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,173.6</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-left: Black 2px solid">Adjusted net earnings per share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">0.02</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.02</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) In 2016, the Company amended its presentation of the reconciliation
of net earnings to adjusted net earnings by presenting the adjusting items on a pre-tax basis and including their tax impact as
a separate line item. As a result, the comparative period has been recast to reflect this change in presentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b) During the three months ended March 31, 2017, the Company
recognized a reversal of impairment charges related to the disposal of its 25% interest in Cerro Casale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Other includes non-hedge derivatives losses (gains). During
the three months ended March 31, 2016, other includes non-hedge derivatives losses (gains) and transaction costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation for the acquisition
of Bald Mountain and 50% of Round Mountain.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. 1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>3</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid; 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"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 50%; text-align: left"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross Gold Corporation</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25 York Street, 17th Floor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Toronto, ON Canada M5J 2V5</FONT></TD></TR>
</TABLE>
<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: justify">The following table provides a reconciliation
of adjusted operating cash flow for the periods presented:</P>

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">Adjusted Operating Cash Flow</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: italic 10pt Times New Roman, Times, Serif; padding-left: 0.125in; border-left: Black 2px solid">(in millions)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <SUP>(a)</SUP></FONT></TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow provided from operating activities - as reported</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">207.8</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">214.5</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Adjusting items:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Working capital changes:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 20pt; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(50.2</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 20pt; border-left: Black 2px solid">Inventories</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5.7</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(34.3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; text-indent: 20pt; border-left: Black 2px solid">Accounts payable and other liabilities, including taxes</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">99.0</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26.1</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 2px; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">43.1</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(6.9</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Adjusted operating cash flow</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">250.9</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">207.6</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0pt">&nbsp;(a) The interim financial statements for the three months
ended March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation of the
acquisition of Bald Mountain and 50% of Round Mountain.</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">&nbsp;</P>

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

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

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

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

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

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid"><BR>
Consolidated and Attributable<BR> Production Cost of Sales Per<BR> Equivalent Ounce Sold</TD><TD NOWRAP STYLE="border-top: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font: italic 10pt Times New Roman, Times, Serif; padding-left: 0.125in; border-left: Black 2px solid">(in millions, except ounces and production cost of sales per equivalent ounce)</TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">Three months ended<BR>
March 31</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <SUP>(a)</SUP></FONT></TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">458.8</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">457.7</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5.8</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4.7</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Attributable production cost of sales</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">453.0</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">453.0</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Gold equivalent ounces sold</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">652,516</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">664,165</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,570</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,768</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Attributable gold equivalent ounces sold</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">645,946</TD><TD STYLE="border-bottom: Black 2px solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: right">659,397</TD><TD STYLE="border-bottom: Black 2px solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Consolidated production cost of sales per equivalent ounce sold</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">703</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">689</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-left: Black 2px solid">Attributable production cost of sales per equivalent ounce sold</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">701</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">687</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 2px; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-size: 10pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-top: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) The interim financial statements for the three months ended March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation of the acquisition of Bald Mountain and 50% of Round Mountain.</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="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: gray">p. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>14</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; border-top: rgb(197,155,95) 2px solid; 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; text-align: justify">&nbsp;</P>



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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font-size: 10pt; text-align: justify">&nbsp;<IMG SRC="t1700289_ex99-1logo.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">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">Attributable production cost of sales per
ounce sold on a by-product basis is a non-GAAP measure which calculates the Company&rsquo;s non-gold production as a credit against
its per ounce production costs, rather than converting its non-gold production into gold equivalent ounces and crediting it to
total production, as is the case in co-product accounting. Management believes that this measure provides investors with the ability
to better evaluate Kinross&rsquo; production cost of sales per ounce on a comparable basis with other major gold producers who
routinely calculate their cost of sales per ounce using by-product accounting rather than co-product accounting.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.08in; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.08in; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable Production Cost of<BR> Sales Per Ounce Sold on a By-<BR> Product Basis</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-style: italic; padding-left: 0.08in; border-left: Black 2px solid">&nbsp;&nbsp;(in millions, except ounces and production cost of sales per ounce)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.08in; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.08in; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <sup>(a)</sup></font></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.08in; border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-align: left; padding-left: 0.08in; border-left: Black 2px solid">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 11%; font-weight: bold; text-align: right">458.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">457.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 2%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.08in; border-left: Black 2px solid">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(5.8</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4.7</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid">Less: attributable silver revenues</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(22.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(19.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid">Attributable production cost of sales net of silver by-product revenue</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">430.1</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">433.5</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.08in; border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 0.08in; border-left: Black 2px solid">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">633,806</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">647,490</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(6,557</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4,757</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid">Attributable gold ounces sold</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">627,249</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">642,733</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid">Attributable production cost of sales per ounce sold on a by-product basis</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">686</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">674</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.08in; border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0pt">&nbsp;(a) The interim financial statements for the three months
ended March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation of the
acquisition of Bald Mountain and 50% of Round Mountain.</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 June 2013, the World Gold Council (&ldquo;WGC&rdquo;)
published its guidelines for reporting all-in sustaining costs and all-in costs. The WGC is a market development organization for
the gold industry and is an association whose membership comprises leading gold mining companies including Kinross. Although the
WGC is not a mining industry regulatory organization, it worked closely with its member companies to develop these non-GAAP measures.
Adoption of the all-in sustaining cost and all-in cost metrics is voluntary and not necessarily standard, and therefore, these
measures presented by the Company may not be comparable to similar measures presented by other issuers. The Company believes that
the all-in sustaining cost and all-in cost measures complement existing measures reported by Kinross.</P>

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

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

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

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

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

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt">&nbsp;</td>
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray">p<B>. 15
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017
    first-quarter results</FONT></B></td>
    <td style="font-size: 10pt; 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>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; font-size: 10pt; text-align: justify"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining<BR> Cost and All-In Cost Per Ounce<BR> Sold on a By-Product Basis</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="font-style: italic">(in millions, except ounces and costs per ounce)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <sup>(10)</sup></font></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 69%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 11%; font-weight: bold; text-align: right">458.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">457.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 2%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(1)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(5.8</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4.7</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: attributable<sup>(2)</sup> silver revenues<sup>(3)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(22.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(19.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> production cost of sales net of silver by-product revenue</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">430.1</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">433.5</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting items on an attributable<sup>(2)</sup> basis:</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative<sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation and remediation - sustaining<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and business development - sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">89.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">85.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Sustaining Cost on a by-product basis - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">592.9</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">610.8</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - non-sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration - non-sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - non-sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">79.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation &amp; remediation costs not related to current operations<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Cost on a by-product basis - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">690.5</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">652.6</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">633,806</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">647,490</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(9)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(6,557</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4,757</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> gold ounces sold</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">627,249</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">642,733</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in sustaining cost per ounce sold on a by-product basis</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">945</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">950</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in cost per ounce sold on a by-product basis</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,101</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,015</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining<BR> Cost and All-In Cost Per<BR> Equivalent Ounce Sold</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="font-style: italic">(in millions, except ounces and costs per equivalent ounce)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">March 31</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2017</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016 <sup>(10)</sup></font></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 1%; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 69%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 11%; font-weight: bold; text-align: right">458.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">457.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 2%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(1)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> production cost of sales</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">453.0</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">453.0</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting items on an attributable<sup>(2)</sup> basis:</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative<sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">35.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation and remediation - sustaining<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and business development - sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">89.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">85.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Sustaining Cost - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">615.8</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">630.3</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other operating expense - non-sustaining<sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">6.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration - non-sustaining<sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions to property, plant and equipment - non-sustaining<sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">79.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 9pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation &amp; remediation costs not related to current operations<sup>(6)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in Cost - attributable<sup>(2)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">713.4</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">672.1</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">652,516</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">664,165</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: portion attributable to Chirano non-controlling interest<sup>(9)</sup></font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(6,570</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4,768</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2px"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> gold equivalent ounces sold</font></TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">645,946</TD><TD STYLE="padding-bottom: 2px; font-weight: bold; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">659,397</TD><TD STYLE="padding-bottom: 2px; text-align: left; border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in sustaining cost per equivalent ounce sold</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">953</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">956</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<sup>(2)</sup> all-in cost per equivalent ounce sold</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,104</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,019</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid">&nbsp;</td>
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><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: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</font></b></td>
    <td style="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>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; text-align: justify"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(8) &ldquo;Additions to property, plant and equipment &ndash;
sustaining&rdquo; represents the majority of capital expenditures at existing operations including capitalized exploration costs,
capitalized stripping and underground mine development costs, ongoing replacement of mine equipment and other capital facilities
and other capital expenditures and is calculated as total additions to property, plant and equipment (as reported on the consolidated
statements of cash flows), less capitalized interest and non-sustaining capital. Non-sustaining capital represents capital expenditures
for major growth projects as well as enhancement capital for significant infrastructure improvements at existing operations. Non-sustaining
capital expenditures during the three months ended March 31, 2017 primarily relate to projects at Tasiast.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(10) The interim financial statements for the three months ended
March 31, 2016 were recast to reflect the retrospective impact of the finalization of the purchase price allocation of the acquisition
of Bald Mountain and 50% of Round Mountain.</P>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid">&nbsp;</td>
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><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: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</font></b></td>
    <td style="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; color: #C59B5F"><B>&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; text-align: justify"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>All statements, other than statements
of historical fact, contained or incorporated by reference in this news release including, but not limited to, any information
as to the future financial or operating performance of Kinross, constitute &lsquo;&lsquo;forward-looking information&rsquo;&rsquo;
or &lsquo;&lsquo;forward-looking statements&rsquo;&rsquo; within the meaning of certain securities laws, including the provisions
of the Securities Act (Ontario) and the provisions for &lsquo;&lsquo;safe harbor&rsquo;&rsquo; under the United States Private
Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release.
Forward-looking statements contained in this news release, include, but are not limited to, those under the headings (or headings
that include): &ldquo;Organic Development Projects&rdquo;, &ldquo;Balance sheet&rdquo;, &ldquo;Outlook&rdquo; and &ldquo;Cerro
Casale Divestment&rdquo; and include, without limitation, statements with respect to our guidance for production; production costs
of sales, all-in sustaining cost and capital expenditures; the schedules and budgets for the Company&rsquo;s development projects;
the closing of the Cerro Casale sale and the consequences thereof; and continuous improvement initiatives, as well as references
to other possible events, the future price of gold and silver, the timing and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and
mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, restarting suspended or
disrupted operations; continuous improvement initiatives; and resolution of pending litigation. The words &ldquo;anticipate&rdquo;,
&ldquo;assumption&rdquo;, &ldquo;believe&rdquo;, &ldquo;consideration&rdquo;, &ldquo;estimates&rdquo;, &lsquo;&lsquo;expects&rsquo;&rsquo;,
&ldquo;explore&rdquo;, &ldquo;forecast&rdquo;, &ldquo;focus&rdquo;, &ldquo;forward&rdquo;, &ldquo;guidance&rdquo;, &ldquo;intend&rdquo;,
&ldquo;initiative&rdquo;, &ldquo;measures&rdquo;, &ldquo;optimize&rdquo;, &ldquo;outlook&rdquo;, &ldquo;opportunity&rdquo;, &ldquo;phased&rdquo;,
&ldquo;plan&rdquo;, &ldquo;possible&rdquo;, &ldquo;potential&rdquo;, &ldquo;project&rdquo;, &ldquo;projection&rdquo;, or variations
of or similar such words and phrases or statements that certain actions, events or results may, could, should or will be achieved,
received or taken, or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of
such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The
estimates, 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, in particular, that operations at Paracatu may be curtailed as a result of insufficient rainfall) and other or
related natural disasters, labour disruptions (including but not limited to 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, land acquisitions and permitting for the construction
and operation of the new tailings facility, water and power supply and launch of the new tailings reprocessing facility at Paracatu;
(3) political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations
including, without limitation, the impact of any 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, the potential passing of Environmental Protection Agency regulations in the US relating to the provision
of financial assurances under the Comprehensive Environmental Response, Compensation and Liability Act, 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; (12) access to capital markets,
including but not limited to maintaining a debt rating consistent with the Company&rsquo;s current expectations; and (13) the closing
of the divestment of Cerro Casale will occur as contemplated. 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, industrial accidents, unusual or unexpected formations, pressures, cave-ins,
flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, Kinross&rsquo; actual results
to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross,including
but not limited to resulting in an impairment charge on goodwill and/or assets. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Forward-looking statements are provided for the purpose of providing information about management&rsquo;s expectations
and plans relating to the future. All of the forward-looking statements made in this news release are qualified by these cautionary
statements and those made in our other filings with the securities regulators of Canada and the United States including, but not
limited to, the cautionary statements made in the &lsquo;&lsquo;Risk Factors&rsquo;&rsquo; section of our most recently filed Annual
Information Form and the &ldquo;Risk Analysis&rdquo; section of our full year 2016 MD&amp;A and our 2017 Q1 MD&amp;A. These factors
are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation
to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such
forward-looking statements, except to the extent required by applicable law.</I></P>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid">&nbsp;</td>
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><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: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</font></b></td>
    <td style="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"><I>&nbsp;</I></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; text-align: justify"><IMG SRC="t1700289_ex99-1logo.jpg" ALT="">&nbsp;</td>
    <td style="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><b>Kinross Gold Corporation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Toronto, ON Canada M5J 2V5</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The technical information about the Company&rsquo;s mineral
properties 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"><I>&nbsp;</I></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid">&nbsp;</td>
    <td style="width: 50%; border-top: #C59B5F 1.5pt solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><b>p. 19 </b></font><b><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2017 first-quarter results</font></b></td>
    <td style="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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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
