Ms. Andrea Freeborough reports

KINROSS UPGRADED TO ‘BBB' RATING BY S&P GLOBAL RATINGS

S&P Global Ratings (S&P) has upgraded Kinross Gold Corp.'s long-term issuer credit rating and its issue-level rating on Kinross's unsecured debt to "BBB" from "BBB-," with a stable outlook. (All dollar amounts are expressed in United States dollars, unless otherwise noted.)

In its announcement, S&P noted that Kinross's credit measures have meaningfully improved in recent years, supported by solid cash flow and debt reduction.

The stable outlook reflects S&P's expectation that Kinross will maintain its strong net cash position, a competitive cost profile, and a pipeline of projects that support steady production and earnings diversity.

"The S&P upgrade reflects Kinross's exceptional financial position, consistent operating track record and disciplined cost management strategy," said Andrea Freeborough, chief financial officer. "Our balance sheet is in excellent shape, with a net cash position of $1.9-billion and total liquidity of approximately $4.4-billion, as at June 30, 2026. We have also returned meaningful capital to shareholders -- $1.4-billion since January, 2025 -- and are well positioned to continue delivering on our operational and development goals while maintaining strong financial discipline."

About Kinross Gold Corp.

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The company's focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).