Kinross Gold Corporation’s La Coipa Mine Fully Certified Under International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that Kinross Gold Corporation’s La Coipa Mine in Chile has been certified as fully compliant with the International Cyanide Management Code (Cyanide Code).

The La Coipa Mine’s initial audit found the operation in substantial compliance with the Cyanide Code.  The mine was conditionally certified in July 2011, and its Corrective Action Plan was posted on the Cyanide Code web site. In June 2012, Kinross informed ICMI that five of the eight items requiring corrective actions would be completed within the one year allowed under the Cyanide Code, but that additional time was needed to complete the three remaining corrective action items due to adverse weather conditions and safety concerns at the operation’s 4,000 meter (12,123 feet) elevation. Kinross requested a four-month extension of the completion deadlines for Items 3, 4 and 7 in its Corrective Action Plan, and in July 2012, ICMI announced that its Board of Directors had granted the company’s request.

ICMI has received and accepted a report from independent professional third-party auditors verifying that all items in the Corrective Action Plan have been fully implemented by their applicable deadlines and that the La Coipa Mine is fully compliant with the Cyanide Code. The auditor’s report is available on the Kinross Signatory Page on the ICMI web site, http://cyanidecode.org/signatory-company/kinross-gold-corporation, and the Corrective Action Plan has been removed. The La Coipa Mine must be re-audited every three years hereafter to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. It was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdictions in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org.
Date:
Wednesday, February 20, 2013

Date:
Wednesday, February 20, 2013