4 reported net loss includes an after tax non cash

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Unformatted text preview: ixás’ results due to its disposal on June 28, 2012. 4 Reported net loss includes an after-tax non-cash impairment charge of $3,206.1 million in 2012 (2011: $2,937.6 million; 2010: $Nil; 2009: $Nil; 2008: $994.1 million). 5 Figures reported for 2008 and 2009 have not been restated to conform with International Financial Reporting Standards and are presented in accordance with Canadian generally accepted accounting principles. TOP5O “Attributable” includes Kinross’ share of Kupol (75% up to April 27, 2011, 100% thereafter) and Chirano (90%) production. Socially Responsible Corporations • 2012 designed and produced by smith + associates www.smithandassoc.com Please recycle. 4,311 $ REVENUE (MILLIONS) 2.6 MILLION GOLD OUNCES PRODUCED (ATTRIBUTABLE) 1 $ 1,527 ADJUSTED OPERATING CASH FLOW (MILLIONS) 2 We are focused strongly on maximizing margins and free cash flow from our balanced global portfolio of mines, and on a disciplined and prudent approach to capital allocation and project development. PRODUCTION 1, 3 (million gold equivalent ounces) (attributable) $ 879 2011 2012 $ 461 $ 851 2010 $ 706 2012 $ 592 2011 $ 506 2.6 2010 2.5 2.3 Our operations delivered solid performance in 2012. We exceeded guidance on gold production, met guidance on operating costs, and were below guidance on capital expenditures. 2011 2012 2010 PRODUCTION COST OF SALES 2, 3 ADJUSTED NET EARNINGS 2, 3 ($ per ounce) ($ millions) OUR OPERATIONS AND PROJECTS A balanced portfolio of nine mines in four regions around the globe. RUSSIA 2012 PRODUCTION: 578,2521 (GOLD EQUIVALENT OUNCES) NORTH AMERICA 2012 PRODUCTION: 708,3711 (GOLD EQUIVALENT OUNCES) OPERATING MINES WEST AFRICA 2012 PRODUCTION: 449,2451 (GOLD EQUIVALENT OUNCES) SOUTH AMERICA 2012 PRODUCTION: 881,9451 (GOLD EQUIVALENT OUNCES) GROWTH PROJECTS CORPORATE OFFICE, TORONTO, CANADA i KINROSS GOLD 2012 ANNUAL REPORT J. Paul Rollinson, Chief Executive Officer LETTER TO SHAREHOLDERS I am pleased to have this opportunity to share my perspective on the past year, and my vision for Kinross going forward, in my first annual letter to share...
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This document was uploaded on 03/30/2014.

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