Exhibit 99.5

Management’s Report on Internal Control over Financial Reporting

The management of Kinross Gold Corporation (“Kinross”) is responsible for establishing and maintaining adequate internal control over financial reporting, and have designed such internal control over financial reporting to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board.

Management has used the Internal Control—Integrated Framework to evaluate the effectiveness of internal control over financial reporting, which is a recognized and suitable framework issued by the Committee of Sponsoring Organizations for the Treadway Commission (COSO).

Because of inherent limitations, internal controls over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management has evaluated the design and operation of Kinross’ internal control over financial reporting as of December 31, 2011, and has concluded that such internal control over financial reporting is effective.  There are no material weaknesses that have been identified by management in this regard.

/s/ Tye W. Burt	/s/ Paul H. Barry
Tye W. Burt	Paul H. Barry
President and Chief Executive Officer	Executive Vice President and Chief Financial Officer
Toronto, Canada
February 15, 2012