Kinross Announces US$500 Million Unsecured 10-Year Debt Offering

FOR: Kinross Gold Corporation 
FEBRUARY 27, 2014 
Kinross Announces US$500 Million Unsecured 10-Year Debt Offering 
Net Proceeds to Repay 2017 Term Loan 
TORONTO, ONTARIO--(Marketwired - Feb. 27, 2014) - Kinross Gold Corporation
(TSX:K)(NYSE:KGC) ("Kinross") announced today that it has priced an
offering of debt securities consisting of US$500 million principal amount of
its 5.95% Senior Notes, due 2024. The notes will be unsecured, senior
obligations of Kinross and will be wholly and unconditionally guaranteed by
certain of Kinross' wholly-owned subsidiaries that are also guarantors
under Kinross' senior unsecured credit agreement. The offering is expected
to close on March 6, 2014. Kinross intends to use the net proceeds to repay a
portion of its term loan, which is due August 2017.  
The offering is being made to "qualified institutional buyers"
pursuant to Rule 144A under the Securities Act of 1933 (the "Act")
and outside the United States pursuant to Regulation S under the Act. The notes
have not been and will not be registered under the Act and the notes may not be
offered or sold in the United States absent registration under the Act or the
availability of an applicable exemption from registration requirements. Offers
and sales in Canada will be made only pursuant to exemptions from the
prospectus requirements of applicable Canadian provincial or territorial
securities laws. This news release does not constitute an offer to sell or the
solicitation of an offer to buy any security. 
About Kinross Gold Corporation  
Kinross is a Canadian-based gold mining company with mines and projects in
Brazil, Chile, Ghana, Mauritania, Russia and the United States. Kinross
maintains listings on the Toronto Stock Exchange (symbol:K) and the New York
Stock Exchange (symbol:KGC).  
Cautionary Statement on Forward-Looking Information 
All statements, other than statements of historical fact, contained or
incorporated by reference in this news release, including any information as to
the future performance of Kinross, constitute "forward-looking
statements" within the meaning of applicable securities laws, including
the provisions of the Securities Act (Ontario) and the provisions for
"safe harbour" 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 include, without
limitation, expected or possible events, or statements with respect to expected
or possible events. The words, "expects", "is expected", or
"intends", or variations of such words and phrases or statements that
certain actions, events or results "may", "could",
"would" or "might" and similar 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.
Many of these uncertainties and contingencies can affect, and could cause,
Kinross' actual results to differ materially from those expressed or
implied in any forward-looking statements made by, or on behalf of, Kinross.
These factors are not intended to represent a complete list of the factors that
could affect Kinross. 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. All of the
forward-looking statements made in this news release are qualified by these
cautionary statements. 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. 
Media Contact: Kinross Gold Corporation
Andrea Mandel-Campbell
Director, Corporate Communications
Investor Relations Contact: Kinross Gold Corporation
Tom Elliott
Vice-President, Investor Relations
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Feb/27/2014 22:00 GMT
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