2 3394 646 134 4692 943 907 607 223 16515 capital

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Unformatted text preview: cember 31, 2012 2011 1,133.6 910.3 785.1 687.7 297.0 497.7 4,311.4 $ $ (a) (b) FS60 Geographic location is determined based on location of the mining assets. Metal sales for Brazil exclude Crixás. See Note 6(i). KINROSS GOLD 2012 ANNUAL REPORT 1 ,028.4 7 61.1 7 09.7 6 20.1 3 08.9 4 14.3 3 ,842.5 $ $ 8 25.3 1 ,151.8 1 ,875.1 1 ,209.1 1 ,887.0 1 ,158.6 7 06.1 1 65.8 8 ,978.8 $ $ 7 71.8 1 ,076.9 1 ,681.1 1 ,022.6 2 ,378.0 1 ,230.2 6 38.2 1 60.6 8 ,959.4 iii. Significant customers The following table represents sales to individual customers exceeding 10% of annual metal sales for the following periods: For the year ended December 31, 2012: Fort Knox Round Mountain Paracatu La Coipa Maricunga Kettle RiverBuckhorn Kupol Tasiast Chirano Total Customer 1 2 3 $ 138.1 8 9.7 78.8 51.1 278.1 - 85.3 36.2 196.3 - 360.0 5 98.9 - 64.6 41.9 117.3 48.5 60.2 $ 187.2 $ % of total metal sales For the year ended December 31, 2011: Customer 1 2 Fort Knox $ 134.4 - Round Mountain 87.3 - Paracatu La Coipa 212.5 - % of total metal sales 95.0 - Maricunga 12.4 - Kupol 482.7 521.9 Kettle RiverBuckhorn 82.7 - Tasiast 131.9 - Chirano 148.0 $ $ 1,378.7 598.9 454.6 2,432.2 56.4% Total 1,386.9 521.9 1,908.8 49.7% The Company is not economically dependent on a limited number of customers for the sale of its product because gold can be sold through numerous commodity market traders worldwide. 20. COMMITMENTS AND CONTINGENCIES i. Commitments Operating leases The Company has a number of operating lease agreements involving office space and equipment. The operating leases for equipment provide that the Company may, after the initial lease term, renew the lease for successive yearly periods or may purchase the equipment at its fair market value. The operating leases for certain office facilities contain escalation clauses for increases in operating costs and property taxes. A majority of these leases are cancelable and are renewable on a yearly basis. Future minimum lease payments required to meet obligations that have initial o...
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This document was uploaded on 03/30/2014.

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