Kinross provides updated Round Mountain mineral reserve and resource estimates

TORONTO, ON--(Marketwired - September 19, 2017) - Kinross Gold Corporation (TSX: K) (NYSE: KGC) has announced an update to the Round Mountain mineral reserve and resource estimates reported in the news release titled "Kinross to proceed with Tasiast Phase Two and Round Mountain Phase W expansion projects" dated September 18, 2017.

The updates are primarily the result of the prior omission of stockpile information in the mineral reserve estimates.

The updated information below replaces the information on page seven of the prior news release. Further, on page five of the prior news release, in the first table entitled "Round Mountain Phase W Expansion," the reported 2018 to 2024 grade, and the 2018 to 2027 grade, should be 0.7 g/t. All other information contained in the prior news release remains unchanged.

As a result of the Phase W feasibility study, estimated proven and probable mineral reserves at Round Mountain increased from 1.3 million Au oz. (as of December 31, 2016) to 3.1 million Au oz, net of depletion. Approximately 2.0 million Au oz. were converted from indicated mineral resources to mineral reserves, and the corresponding decrease to the mineral resource estimate was largely offset by the addition of 1.96 million Au oz. of new indicated mineral resources.

Round Mountain Proven and Probable Mineral Reserves1  (Closing Balance July 31, 2017)
	Tonnes (kt)	Grade (Au g/t)	Ounces (Au koz)
Proven2	52,603	0.54	910
Probable	84,602	0.81	2,197
Total	137,204	0.70	3,107