EXHIBIT 99.1

                            KINROSS GOLD CORPORATION

              EARLY WARNING REPORT UNDER NATIONAL INSTRUMENT 62-103

                IN CONNECTION WITH THE ACQUISITION OF SECURITIES

                          OF ST. ANDREW GOLDFIELDS LTD.

A.      THE NAME AND ADDRESS OF THE OFFEROR:

        Kinross Gold Corporation
        40 King Street West
        52nd Floor
        Toronto, Ontario  M5H 3Y2

B.      THE DESIGNATION AND NUMBER OR PRINCIPAL AMOUNT OF SECURITIES AND THE
        OFFEROR'S SECURITYHOLDING PERCENTAGE IN THE CLASS OF SECURITIES OF WHICH
        THE OFFEROR ACQUIRED OWNERSHIP OR CONTROL IN THE TRANSACTION OR
        OCCURRENCE GIVING RISE TO THE OBLIGATION TO FILE THE NEWS RELEASE, AND
        WHETHER IT WAS OWNERSHIP OF CONTROL THAT WAS ACQUIRED IN THOSE
        CIRCUMSTANCES:

        Kinross Gold Corporation ("Kinross") has entered into a definitive
        agreement whereby Kinross has agreed to sell its Aquarius property and
        certain related assets in exchange for 100 million common shares of St.
        Andrew Goldfields Ltd. ("St. Andrew") and 25 million warrants each
        exercisable for one common share of St. Andrew at the exercise price of
        Cdn.$0.17 per share for a period of 24 months. The closing of the
        transaction is subject to the satisfaction of standard closing
        conditions, including all regulatory approval. As a result of this
        transaction, upon closing, Kinross will acquire ownership in an
        aggregate of 100 million common shares of St. Andrew representing
        approximately 14% of the issued and outstanding shares of St. Andrew on
        a non-diluted basis.

C.      THE DESIGNATION AND NUMBER OR PRINCIPAL AMOUNT OF SECURITIES AND THE
        OFFEROR'S SECURITYHOLDING PERCENTAGE IN THE CLASS OF SECURITIES
        IMMEDIATELY AFTER THE TRANSACTION OR OCCURRENCE GIVING RISE TO
        OBLIGATION TO FILE THE NEWS RELEASE:

        See paragraph B above.

D.      THE DESIGNATION AND NUMBER OF PRINCIPAL AMOUNT OF SECURITIES AND THE
        PERCENTAGE OF OUTSTANDING SECURITIES OF THE CLASS OF SECURITIES REFERRED
        TO IN PARAGRAPH (C) OVER WHICH

        (I)     THE OFFEROR, EITHER ALONE OR TOGETHER WITH ANY JOINT ACTORS, HAS
                OWNERSHIP AND CONTROL:

                See paragraph B above.

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        (II)    THE OFFEROR, EITHER ALONE OR TOGETHER WITH ANY JOINT ACTORS, HAS
                OWNERSHIP BUT CONTROL IS HELD BY OTHER PERSONS OR COMPANIES
                OTHER THAN THE OFFEROR OR ANY JOINT ACTOR:

                Nil.

        (III)   THE OFFEROR, EITHER ALONE OR TOGETHER WITH ANY JOINT ACTORS, HAS
                EXCLUSIVE OR SHARED CONTROL BUT DOES NOT HAVE OWNERSHIP:

                Nil.

E.      THE NAME OF THE MARKET IN WHICH THE TRANSACTION OR OCCURRENCE THAT GAVE
        RISE TO THE NEWS RELEASE TOOK PLACE:

        Not applicable.

F.      THE PURPOSE OF THE OFFEROR AND ANY JOINT ACTORS IN EFFECTING THE
        TRANSACTION OR OCCURRENCE THAT GAVE RISE TO THE NEWS RELEASE, INCLUDING
        ANY FUTURE INTENTION TO ACQUIRE OWNERSHIP OF, OR CONTROL OVER,
        ADDITIONAL SECURITIES OF THE REPORTING ISSUER:

        These securities are being acquired for investment purposes and, other
        than as indicated therein, Kinross may increase or decrease its holdings
        in St. Andrew at attractive prices at any time.

G.      THE GENERAL NATURE AND THE MATERIAL TERMS OF ANY AGREEMENT, OTHER THAN
        LENDING ARRANGEMENTS, WITH RESPECT TO SECURITIES OF THE REPORTING ISSUER
        ENTERED INTO BY THE OFFEROR, OR ANY JOINT ACTOR, AND THE ISSUER OF THE
        SECURITIES OR ANY OTHER ENTITY IN CONNECTION WITH THE TRANSACTION OR
        OCCURRENCE GIVING RISE TO THE NEWS RELEASE, INCLUDING AGREEMENTS WITH
        RESPECT TO THE ACQUISITION, HOLDING, DISPOSITION OR VOTING OF ANY OF THE
        SECURITIES:

        See paragraph B above.

H.      THE NAMES OF ANY JOINT ACTORS IN CONNECTION WITH THE DISCLOSURE REQUIRED
        BY THIS FORM:

        Not applicable.

I.      IN THE CASE OF A TRANSACTION OR OCCURRENCE THAT DID NOT TAKE PLACE ON A
        STOCK EXCHANGE OR OTHER MARKET THAT REPRESENTS A PUBLISHED MARKET FOR
        THE SECURITIES, INCLUDING AN ISSUANCE FROM TREASURY, THE NATURE AND
        VALUE OF THE CONSIDERATION PAID BY THE OFFEROR:

        The securities will be acquired in exchange of the Aquarius gold deposit
        and related assets.

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J.      IF APPLICABLE, A DESCRIPTION OF ANY CHANGE IN ANY MATERIAL FACT SET OUT
        IN A PREVIOUS REPORT BY THE OFFEROR UNDER THE EARLY WARNING REQUIREMENTS
        OR PART 4 OF NATIONAL INSTRUMENT 62-103 IN RESPECT OF THE REPORTING
        ISSUER'S SECURITIES:

        Not applicable.

        DATED this 3rd day of January, 2006.


                                               KINROSS GOLD CORPORATION


                                               PER: /s/ Shelley M. Riley
                                                    --------------------

                                               V.P. Administration and Corporate
                                               Secretary



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