Toronto, Ontario -- Kinross Gold Corporation (TSE-K) announced today that The Toronto Stock Exchange has accepted for filing a Notice of Intention to Make a Normal Course Issuer Bid for the common shares of the Corporation. Pursuant to the bid which commences on January 17, 2000 and ends on January 16, 2001, during the next 12 months the Corporation may purchase up to 15,004,339 common shares, being 5% of the 300,086,797 currently issued and outstanding common shares. All purchases will be made through the facilities of the Exchange and in accordance with the Exchange's rules and by-laws. The common shares purchased pursuant to the bid will be cancelled. The Corporation believes that it may be advantageous to engage in repurchases of common shares, from time to time, when they are trading at prices which reflect a significant discount from the underlying value of the securities. The Corporation repurchased an aggregate of 3,721,900 common shares during the last 12 months at an average price of Cdn$2.7135

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