86 2 006 1609 2607 876 690 2005 227 1 3728 2008 1585

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Unformatted text preview: e price Options exercisable Average remaining contractual life Number of options $ (CDN$) 3.83 (years) 0.95 (000’s) 1,040 $ 7.77 11.12 16.56 23.81 13.15 4.37 5.16 3.05 0.64 3.42 1,631 687 4,174 1,529 9,061 Weighted average exercise price Average remaining contractual life $ (CDN$) 3.83 (years) 0.95 $ 7.32 12.42 16.42 23.81 14.28 1.85 2.31 2.67 0.64 1.96 The following weighted average assumptions were used in computing the fair value of stock options granted during the years ended December 31, 2012 and 2011: 2 012 2011 Black-Scholes weighted-average assumptions: Weighted average share price (CDN$) Expected dividend yield Expected volatility Risk-free interest rate Estimated forfeiture rate Expected option life in years Weighted average fair value per stock option granted (CDN$) $ $ 9 .79 $ 1.66% 43.2% 1.4% 3.0% 4.5 3.15 $ 1 6.09 0.63% 38.8% 2.6% 3.0% 4.5 5 .45 The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company’s shares. ii. Restricted share unit plan The Company has a RSU plan whereby restricted share units may be granted to employees, officers and consultants of the Company. A restricted share unit is exercisable into one common share entitling the holder to acquire the common share for no additional consideration. Restricted share units vest over a three year period. The current maximum number of common shares issuable under the RSU and RPSU plan (described below) is 20.0 million. The following table summarizes information about the restricted share units outstanding at December 31, 2012 and 2011: Restricted share units 2012 Weighted average exercise price Number of units (CDN$/unit) (000's) Balance at January 1 Granted Reinvested Redeemed Forfeited Outstanding at end of period FS54 KINROSS GOLD 2012 ANNUAL REPORT 2,554 $ 2011 Weighted average exercise price Number of units (CDN$/unit) (000's) 17.43 2 ,132 3,430 10.38 1 ,765 15.88 65 12.83 19 17.82 (1,284) (811) 3,954 $ 18.12 12.64 12.00 $ (1,037) (325) 2 ,554 $ 20.44 20.83 17.97 17.43 iii. Restricted performa...
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