3 million for the kupol loan and 33 million in

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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 resources. 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...
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This document was uploaded on 03/30/2014.

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