Kinross Gold Management

Management criteria checks 3/4

Kinross Gold's CEO is J. Rollinson, appointed in Aug 2012, has a tenure of 11.67 years. total yearly compensation is $5.70M, comprised of 20.8% salary and 79.2% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth €32.50M. The average tenure of the management team and the board of directors is 3.3 years and 6.4 years respectively.

Key information

J. Rollinson

Chief executive officer

US$5.7m

Total compensation

CEO salary percentage	20.8%
CEO tenure	11.7yrs
CEO ownership	0.4%
Management average tenure	3.3yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has J. Rollinson's remuneration changed compared to Kinross Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$1m	US$416m
Sep 30 2023	n/a	n/a	US$245m
Jun 30 2023	n/a	n/a	US$201m
Mar 31 2023	n/a	n/a	US$40m
Dec 31 2022	US$7m	US$1m	US$31m
Sep 30 2022	n/a	n/a	US$71m
Jun 30 2022	n/a	n/a	-US$67m
Mar 31 2022	n/a	n/a	-US$26m
Dec 31 2021	US$7m	US$1m	-US$28m
Sep 30 2021	n/a	n/a	US$821m
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$8m	US$1m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$901m
Mar 31 2020	n/a	n/a	US$777m
Dec 31 2019	US$7m	US$1m	US$719m
Sep 30 2019	n/a	n/a	US$169m
Jun 30 2019	n/a	n/a	US$4m
Mar 31 2019	n/a	n/a	-US$65m
Dec 31 2018	US$6m	US$1m	-US$24m
Sep 30 2018	n/a	n/a	US$222m
Jun 30 2018	n/a	n/a	US$386m
Mar 31 2018	n/a	n/a	US$417m
Dec 31 2017	US$7m	US$1m	US$445m

Compensation vs Market: J.'s total compensation ($USD5.70M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.

CEO

J. Rollinson (61 yo)

11.7yrs

Tenure

US$5,695,059

Compensation

Mr. J. Paul Rollinson has been the Chief Executive Officer and Director of Kinross Gold Corporation since August 1, 2012. Mr. Rollinson served as President of Kinross Gold Corporation until March 06, 2024....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Rollinson	CEO & Director	11.7yrs	US$5.70m	0.42% $ 32.5m
Geoffrey Gold	President	less than a year	US$3.56m	0.17% $ 13.4m
Andrea Freeborough	Executive VP & CFO	4.9yrs	US$2.05m	0.068% $ 5.3m
Claude J. Schimper	Executive VP & COO	1.8yrs	US$2.22m	0.046% $ 3.6m
William Dunford	Senior VP of Technical Services & Chief Technical Officer	no data	US$1.85m	0.019% $ 1.5m
Chris Lichtenheldt	Vice President of Investor Relations	3.3yrs	no data	no data
Victoria Barrington	Senior Director of Corporate Communications	no data	no data	no data
Kathleen Grandy	Senior Vice-President of Human Resources	3yrs	no data	0.028% $ 2.1m
Nathan Longenecker	Senior VP of Global Legal Operations & Major Permitting and General Counsel	5yrs	no data	0.020% $ 1.6m
Mike van Akkooi	Senior Vice-President of External Affairs	5yrs	no data	0.021% $ 1.6m
David Shaver	Senior Vice President of Corporate Development	3.3yrs	no data	0.018% $ 1.4m
Michal Kowalczyk	Vice-President of ESG Strategy	no data	no data	no data

3.3yrs

Average Tenure

Experienced Management: KIN2's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Rollinson	CEO & Director	11.7yrs	US$5.70m	0.42% $ 32.5m
Ian Atkinson	Independent Director	8.2yrs	US$239.99k	no data
Catherine McLeod-Seltzer	Independent Chairman	18.5yrs	US$430.98k	0.0010% $ 77.3k
Glenn Ives	Independent Director	3.9yrs	US$292.61k	0.0057% $ 440.4k
Kerry Dyte	Independent Director	6.4yrs	US$249.51k	0.0033% $ 255.0k
George Paspalas	Independent Director	less than a year	no data	no data
Michael Lewis	Independent Director	less than a year	US$151.81k	no data
Ave Lethbridge	Independent Director	8.9yrs	US$238.17k	no data
David Scott	Independent Director	4.9yrs	US$260.86k	0.0016% $ 126.0k
Kelly Osborne	Independent Director	8.9yrs	US$245.73k	no data
Elizabeth McGregor	Independent Director	4.4yrs	US$238.17k	no data

6.4yrs

Average Tenure

61yo

Average Age

Experienced Board: KIN2's board of directors are considered experienced (6.4 years average tenure).

Kinross Gold Management

Management criteria checks 3/4

Key information

Recent management updates

Executive VP & COO recently sold €104k worth of stock

Insufficient new directors

Kinross Gold Corporation Elects Michael A. Lewis as Director

Executive VP & COO recently sold €138k worth of stock

Senior VP recently sold €313k worth of stock

Insufficient new directors

Recent updates

New major risk - Revenue and earnings growth

Now 24% overvalued

Upcoming dividend of US$0.03 per share

Fourth quarter dividend of US$0.03 announced

Full year 2023 earnings released: EPS: US$0.34 (vs US$0.024 in FY 2022)

Kinross Gold Corporation Declares Quarterly Dividend for the Fourth Quarter of 2023, Payable on March 21, 2024

Kinross Gold Corporation to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.03 per share at 2.2% yield

Now 20% undervalued

New major risk - Revenue and earnings growth

Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025

Third quarter 2023 earnings released: EPS: US$0.09 (vs US$0.051 in 3Q 2022)

Kinross Gold Corporation Declares Quarterly Dividend, Payable on December 14, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.03 per share at 2.5% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.008 loss in 2Q 2022)

Kinross Gold Corporation Reaffirms Production Guidance for the Year 2023, 2024 and 2025

Executive VP & COO recently sold €104k worth of stock

Insufficient new directors

Upcoming dividend of US$0.03 per share at 2.4% yield

Kinross Gold Corporation Elects Michael A. Lewis as Director

First quarter 2023 earnings released: EPS: US$0.07 (vs US$0.064 in 1Q 2022)

Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025

Executive VP & COO recently sold €138k worth of stock

Upcoming dividend of US$0.03 per share at 3.3% yield

Senior VP recently sold €313k worth of stock

Full year 2022 earnings released: EPS: US$0.024 (vs US$0.022 loss in FY 2021)

Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025

Kinross Gold Corporation Declares Dividend for the Fourth Quarter of 2022, Payable on March 23, 2023

Kinross Gold Corporation Announces Robust Initial Mineral Resource of 2.7 Moz. Indicated and 2.3 Moz. Inferred for Great Bear Project

Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others.

Kinross Gold Corporation to Report Q1, 2023 Results on May 09, 2023

Insufficient new directors

Upcoming dividend of US$0.03 per share

Third quarter 2022 earnings released: EPS: US$0.051 (vs US$0.036 loss in 3Q 2021)

Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others for approximately $590 million.

Investor sentiment improved over the past week

Kinross Gold Corporation Declares Quarterly Dividend, Payable on December 15, 2022

Investor sentiment improved over the past week

Kinross Gold Corporation (TSX:K) announces an Equity Buyback.

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Asante Gold Corporation (CNSX:ASE) completed the acquisition of 90% stake in Chirano Gold Mines Limited from Kinross Gold Corporation (TSX:K).

Independent Director recently bought €67k worth of stock

Kinross Gold Corporation Announces Management Changes

Second quarter 2022 earnings released: US$0.007 loss per share (vs US$0.095 profit in 2Q 2021)

Kinross Gold Corporation Declares Quarterly Dividend, Payable on September 1, 2022

Kinross Gold Corporation Provides Update on Great Bear Project and U.S. Projects

Insider recently sold €133k worth of stock

Highland Gold Mining Limited completed the acquisition of Russian Assets of Kinross Gold Corporation (TSX:K).

Kinross Gold Corporation Declares Dividend for the First Quarter of 2022, Payable on June 16, 2022

Kinross Gold Corporation Provides Update on Great Bear Development

Asante Gold Corporation (CNSX:ASE) has entered into an Exclusivity Agreement to acquire 90% stake in Chirano Gold Mines Limited from Kinross Gold Corporation (TSX:K).

Highland Gold Mining Limited entered into a definitive agreement to acquire Russian Assets of Kinross Gold Corporation (TSX:K) for $680 million.

Kinross Gold Reportedly in Exclusive Talks to Sell its Arctic Russian Mine to Fortiana Holdings

Kinross Confirms Plans to Divest Russian Assets, in Talks with Potential Buyer

Kinross Gold Corporation to Suspend Russian Operations

Insider recently sold €1.3m worth of stock

Upcoming dividend of US$0.03 per share

Senior VP of Americas Operations recently sold €176k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Kinross Declares Quarterly Dividend for the Fourth Quarter of 2021 Payable on March 24, 2022

Independent Director recently bought €94k worth of stock

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.03 per share

Third quarter 2021 earnings released: US$0.036 loss per share (vs US$0.19 profit in 3Q 2020)

Kinross Gold Corporation Revises Production Guidance for the Year 2021; Provides Production Guidance for the Year 2022 and 2023

Kinross Gold Corporation Reports Temporary Suspension of Mill at Tasiast