Toronto, Ontario

Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K; NYSE - KGC) announces that the Board of Directors of Kinam Gold Inc. (formerly Amax Gold Inc.), a subsidiary, has approved a quarterly dividend of U.S. $0.9375 per share on the U.S. $3.75 Series B. Convertible Preferred Stock payable on August 16, 1999 to shareholders of record as of August 5, 1999. The ex-dividend date for the preferred stock dividend is August 3, 1999. The Kinam Gold U.S. $3.75 Series B Convertible Stock is listed on the New York Stock Exchange under the trading symbol "KGCPrB".

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