This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 013).
We believe that the Company’s existing cash and cash equivalent balances of $ 1,632.9 million, short-term
investments of $349.8 million, available credit of $1,500.8 million, and expected operating cash flows based
on current assumptions (noted in Section 3 of this MD&A) will be sufficient to fund operations, our
forecasted exploration and capital expenditures (noted in Section 3 of this MD&A), debt repayments noted
above, and reclamation and remediation obligations currently estimated for the next 12 months. Prior to
any capital investments, consideration is given to the cost and availability of various sources of capital
With respect to longer term capital expenditure funding requirements, the Company continues to have
discussions with lending institutions that have been active in the jurisdictions in which the Company’s
development projects are located. Some of the jurisdictions in which the Company operates have seen the
participation of lenders including export credit agencies, development banks and multi-lateral agencies. The
Company believes the capital from these institutions combined with traditional bank loans and capital
available through debt capit al market transactions will fund a portion of the Company’s longer term capital
expenditure requirements. Another possible source of capital could be proceeds from the sale of non-core
assets. These capital sources together with operating cash flow and t he Company’s active management of
its operations and development activities will enable the Company to maintain an appropriate overall
liquidity position. MDA38 KINROSS GOLD 2012 ANNUAL REPORT Contractual Obligations and Commitments
The following table summarizes our long-term financial liabilities and off-balance sheet contractual
obligations as at December 31, 2012:
(in millions) Total Long-term debt obligations (a) $ 2013 2,663.3 $ 523.3 $ 2014 2016 2018 and
thereafter 2017 1,060.0 $ 270.0 $ 53.6 11.1 7.0 7.1 7.1 7.0 232.3 219.2 6.9...
View Full Document
This document was uploaded on 03/30/2014.
- Spring '14