Third Ball Mill Commissioned at Paracatu

Kinross Gold Corp. announced the third ball mill, which was recently installed at its Paracatu expansion plant in Minas Gerais,Brazil, has been successfully commissioned, on schedule and on budget. The ore feed rate is currently at approximately 60% and is expected to ramp up to 100% in the third quarter of 2011. The third ball mill is expected to enhance plant throughput at Paracatu as the mine encounters harder sections of the orebody. A fourth ball mill, which is expected to further enhance throughput as ore hardness increases in future years, remains on schedule to be operational in the first half of 2012.