Gold climbs after last week''s big loss

Section:

Company Press Release via Business Wire
Monday, January 10, 2005

http://biz.yahoo.com/bw/050110/106008_1.html

TORONTO -- Kinross Gold Corp. announces today that
Robert M. Buchan has decided to step down as
president and chief executive officer of the company
following the annual general meeting on April 27 this
year and assume the role of non-executive chairman.

The Board of Directors has established a search
committee that will be working with outside advisers
to identify his replacement.

Buchan told management and employees today:

"Starting Kinross in 1993 with 25,000 ounces of annual
production and building it to what it is today has been
a remarkable journey. I am proud of what we have been
able to achieve over these 12 years. I feel certain that
the company will be able to maintain its position as
one of the world's senior gold producers.

"I also feel that after 12 years at the head of the
company it is time for new leadership to take us to the
next level. In my new role of non-executive chairman,
I look forward to working with the new chief executive
officer in continuing to improve all aspects of what the
company is and what it can be."

The entire Board of Directors expresses its sincere
gratitude to Buchan for the contributions made by
him during his tenure as president and CEO.

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