-->die nachfolgenden Quartals-Zahlen sind eindrücklich und nicht geschönt:

Kinross Gold Corporation Third Quarter Results, Part 1 of 2
11/5/2003 9:11:00 PM









TORONTO, Nov 5, 2003 (BUSINESS WIRE) -- Kinross Gold Corporation (CA:K) (KGC) ("Kinross" or"the Company") announced today the results for the three and nine months ended September 30, 2003 are as follows:

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All results are expressed in United States dollars unless otherwise stated. All per share information has been adjusted to give retroactive effect for the three for one consolidation of the common shares, which was completed on January 31, 2003. Accordingly, loss per share for the nine months ended September 30, 2002 has been adjusted to give retroactive impact of the share consolidation. The combination with TVX Gold Inc. ("TVX") and Echo Bay Mines Ltd. ("Echo Bay") was accounted for as a purchase with an effective date of January 31, 2003. Accordingly, the financial statements and gold equivalent production statistics reflect operating results for the acquired properties for the months of February to September only.

Management's Discussion and Analysis of Financial and Operating Results

THIRD QUARTER CONSOLIDATED RESULTS

Kinross' attributable gold equivalent production was 434,816 ounces in the third quarter of 2003, an increase of 91% over the 227,946 ounces produced in the same period for 2002 as a result of the business combination with TVX and Echo Bay effective January 31, 2003. Average total cash cost per attributable gold equivalent ounce was $225 in the third quarter of 2003, compared to $205 in the third quarter of 2002. Cash flow provided from operating activities in the third quarter of 2003 was $42.0 million, compared to $17.5 million achieved during the same period in 2002. Cash flow provided from operating activities was positively affected by higher gold equivalent production and by higher realized prices on gold sales.

The net earnings, attributable to common shares, was $8.2 million resulting in third quarter 2003 earnings per share of $0.03 versus a net loss attributable to common shares of $7.1 million, or $0.06 per share for the same 2002 period. The net loss for the third quarter of 2003 before accounting for the redemption and the increase in the equity component of the convertible debenture was $6.1 million. This loss can be attributed to the $1.3 million of costs associated with TVX's investment in TVX Hellas and the $4.6 million of severance associated with the suspension of operations at the Lupin mine.


KGC hat Vitmin C.

Emerald.