4 cautionary note to us investors concerning

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Unformatted text preview: inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to indicated or measured mineral resources, including as a result of continued exploration. 9 Estimates for the Cerro Casale project are based on the feasibility study completed in 2009 by the joint venture and have been updated to reflect current guidance. Mineral reserves and mineral resources are estimated using appropriate cut-off grades based on the following commodity prices and foreign exchange rates: Mineral reserves - Gold price of US$1,200 per ounce, Silver price of US$22.00 per ounce, Copper price of US$2.75 per pound Mineral resources - Gold price of US$1,400 per ounce, Silver price of US$28.00 per ounce, Copper price of US$3.25 per pound Chilean Peso to US$500 or 500 Chilean Pesos to $1 US 10 Includes mineral reserves and mineral resources from the Puren deposit in which the Company holds a 65% interest. 11 The mineral resource estimates for the White Gold Property were prepared by SRK Consulting in 2010. The 2010 resource model has been compared to the current project drill hole database and deemed appropriate for mineral resource reporting. Mineral resources are based on a gold price of US$1,200 per ounce and are reported at a cut-off of 0.5 g/t for open pit and 2.0 g/t for underground. 12 The mineral resources and mineral reserves for Lobo Marte are based on the pre-feasibility study completed by the Company in 2010. 13 The mineral reserves presented herein comply with the reserve categories of Industry Guide 7 published by the U.S. Securities and Exchange Commission except for mineral reserves at Lobo-Marte, which estimates are based on the pre-feasibility study completed in 2010. For mineral reserves under the Instrument, a pre-feasibility study is sufficient, however for reserves under Industry Guide 7, a feasibility study is required. KINROSS GOLD 2012 ANNUAL REPORT 77 MINERAL RESERVE AND MINERAL RESOURCE DEFINITIONS A Mineral Reserve is the economicall...
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This document was uploaded on 03/30/2014.

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