Kinross Gold Corp.

Q2 delivered strong cash flow and margins; set up solid first half - Production: 492,000 oz (gold equivalent) in Q2. - Costs: Cost of sales $1,336/oz, AISC $1,821/oz (both described as “on plan”). - Profitability: margins over $3,100/oz; adjusted earnings $0.71/share. - Cash flow: adjusted operating cash flow > $1.1B; free cash flow (FCF) $727M in Q2 and $1.5B+ in the first half. - Message to investors: company “holding the line on costs” after a strong Q1 and positioning for full-year guidance.

Strong capital return program—40% of FCF target on track - Q2 shareholder returns: $230M buybacks (7.9M shares) + ~$50M dividend. - First half: return of capital ~37% of attributable FCF, reiterated as on track for 2026 target of ~40%. - Balance sheet strength: ended Q2 with $2.7B cash and $1.9B net cash (after adding >$470M cash even while returning $275M to shareholders). - Post-quarter: additional $40M buybacks after quarter end.

2026 outlook maintained: on track for ~2.0M oz with cost guidance; Q3/Q4 shape explained - Full-year guidance (reiterated): ~2.0M oz, cost of sales ~$1,360/oz, AISC ~$1,730/oz, capital ~$1.5B. - Quarter-by-quarter expectation: Q3 in line with Q1/Q2; Q4 higher. - Cost outlook: costs modestly higher in H2, attributed to greater U.S. contribution, but expected to remain within guidance.