Kinross Gold U.S.A., Inc. a wholly-owned subsidiary of
KINROSS GOLD CORPORATION
NOTICE OF GUARANTEED DELIVERY
FOR
TENDER OF SHARES OF KINAM PREFERRED STOCK
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
This form, or a form substantially equivalent to this form, must be used to
accept the offer, if you desire to tender your shares and (1) certificates for
your shares cannot be delivered to the Depositary (as defined below) prior to
the Expiration Date (as defined below); or (2) the procedure for book-entry
transfer (set forth in the Offer to Purchase) cannot be completed on a timely
basis; or (3) the Letter of Transmittal and all other required documents cannot
be delivered to the Depositary prior to the Expiration Date. The offer is set
forth in the Offer to Purchase, dated February 20, 2002, and the related Letter
of Transmittal which, as amended from time to time, together constitute the
offer by Kinross Gold U.S.A., Inc., a Nevada corporation (the "Purchaser"), a
wholly-owned subsidiary of Kinross Gold Corporation, an Ontario corporation
("Kinross"), to purchase all of the publicly-held shares of the $3.75 Series B
Convertible Preferred Stock of Kinam Gold, Inc., a Nevada corporation ("Kinam"),
par value $1.00 per share, at a purchase price of $16.00 per share, payable to
the seller in cash, without interest, upon the terms and subject to the
conditions contained in the Offer to Purchase.
The offer will expire at Midnight, Eastern time, on March 20, 2002, unless the
date on which the offer is to expire is extended (such date, as it may be
extended, the "Expiration Date"). As described in the Offer to Purchase, if you
desire to tender your shares and (1) certificates for your shares cannot be
delivered to the Depositary (as defined below) prior to the Expiration Date; or
(2) the procedure for book-entry transfer (set forth in the Offer to Purchase)
cannot be completed on a timely basis; or (3) the Letter of Transmittal and all
other required documents cannot be delivered to the Depositary prior to the
Expiration Date, you may tender your shares by following the procedures
described in the Offer to Purchase, including completion of this Notice of
Guaranteed Delivery. See the Offer to Purchase.
IF TENDER IS NOT BEING MADE IN THE METHOD SET FORTH ABOVE, THEN THIS FORM NEED
NOT BE COMPLETED.
THE DEPOSITARY FOR THE OFFER IS:
ALPINE FIDUCIARY SERVICES, INC.
BY MAIL: BY FACSIMILE TRANSMISSION BY HAND:
(FOR ELIGIBLE INSTITUTIONS ONLY):
Alpine Fiduciary Services, Inc. 17 State Street - 28th Floor
c/o Georgeson Shareholder Communications (201) 559-1162 New York, NY 10004
Inc. Attn: Mark Zimkind
P.O. Box 2065 CONFIRM FACSIMILE TRANSMISSION
South Hackensack, NJ BY TELEPHONE:
07606-9974
(201) 460-2213
BY OVERNIGHT COURIER:
111 Commerce Road
Carlstadt, NJ 07072
Attn: Reorg. Department
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS, OR TRANSMISSION OF
INSTRUCTIONS VIA A FACSIMILE NUMBER, OTHER THAN AS SET FORTH ABOVE WILL NOT
CONSTITUTE A VALID DELIVERY. DELIVERIES TO KINROSS, THE PURCHASER OR KINAM WILL
NOT BE FORWARDED TO THE DEPOSITARY AND THEREFORE WILL NOT CONSTITUTE VALID
DELIVERY. DELIVERIES TO THE BOOK-ENTRY TRANSFER FACILITY WILL NOT CONSTITUTE
VALID DELIVERIES TO THE DEPOSITARY.
THIS FORM IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A SIGNATURE ON A LETTER
OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION (AS
DEFINED IN THE OFFER TO PURCHASE) UNDER THE INSTRUCTIONS TO THE LETTER OF
TRANSMITTAL, THE SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE
PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
THE ELIGIBLE INSTITUTION THAT COMPLETES THIS FORM MUST COMMUNICATE THE GUARANTEE
TO THE DEPOSITARY AND MUST DELIVER THE LETTER OF TRANSMITTAL AND CERTIFICATES
FOR SHARES TO THE DEPOSITARY WITHIN THE TIME SHOWN HEREIN. FAILURE TO DO SO
COULD RESULT IN A FINANCIAL LOSS TO SUCH ELIGIBLE INSTITUTION.
Ladies and Gentlemen:
The undersigned hereby tenders to Kinross Gold U.S.A., Inc., a Nevada
corporation (the "Purchaser"), a wholly-owned subsidiary of Kinross Gold
Corporation, an Ontario corporation (the "Company") at $16.00 per share, and
upon the terms and subject to the conditions described in the Offer to Purchase
and the related Letter of Transmittal, receipt of which is hereby acknowledged,
the number of shares specified below pursuant to the guaranteed delivery
procedure set forth in the Offer to Purchase.
Number of Shares: Name(s):
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(PLEASE PRINT)
Certificate Nos: (if available) Address(es):
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[ ] Check here if shares will be tendered by (INCLUDING ZIP CODE) book-entry
transfer and complete the following:
Area Code and Tel. No.
Name of Tendering Institution:
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Signature(s):
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Account No.:
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Date: , 2002
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GUARANTEE (NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, an Eligible Institution (as defined in the Offer to Purchase)
hereby guarantees to deliver to the Depositary at one of its addresses set forth
above the certificates for all tendered shares in proper form for transfer (or
Book Entry Confirmation as defined in the Offer to Purchase), together with a
properly completed and duly executed Letter of Transmittal (or manually signed
copy thereof) and any required signature guarantees, or an Agent's Message (as
defined in the Offer to Purchase) with a book-entry transfer, and any other
documents required by the Letter of Transmittal, all within three American Stock
Exchange trading days after the Expiration Date.
The Eligible Institution that completes this form must communicate the guarantee
to the Depositary and must deliver the Letter of Transmittal and certificates
for shares to the Depositary within the time shown herein. Failure to do so
could result in a financial loss to such Eligible Institution.
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Name of Firm Authorized Signature
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Address Name
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City, State Zip Code Title
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Area Code and Telephone Number
Dated:______________, 2002
NOTE: DO NOT SEND CERTIFICATES FOR SHARES WITH THIS FORM.
YOUR CERTIFICATES MUST BE SENT WITH THE LETTER OF TRANSMITTAL.