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Unformatted text preview: is listed on the Toronto Stock Exchange and the New York Stock
The consolidated financial statements of the Company for the year ended December 31, 2012 were authorized for
issue in accordance with a resolution of the directors on February 13, 2013. 2. BASIS OF PRESENTATION
These consolidated financial statements for the year ended December 31, 2012 (“financial statements”) have been
prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International
Accounting Standards Board (“IASB”).
These financial statements were prepared on a going concern basis under the historical cost method except for
certain financial assets and liabilities which are measured at fair value. The significant accounting policies are
presented in Note 3 and have been consistently applied in each of the periods presented. Significant accounting
estimates, judgments and assumptions used or exercised by management in the preparation of these financial
statements are presented in Note 5. FS8 KINROSS GOLD 2012 ANNUAL REPORT 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
i. Principles of consolidation
The significant mining properties and entities of Kinross are listed below. All operating activities involve gold
mining and exploration. Each of the significant entities has a December 31 year end.
As at Entity
Fairbanks Gold Mining, Inc.
Kinross Brasil Mineração S.A.
Compania Minera Maricunga
Compania Minera Mantos de Oro
Echo Bay Minerals Company
Chukotka Mining and Geological
Northern Gold LLC/Regionruda LLC
Aurelian Ecuador S.A.
Underworld Resources Inc.
Tasiast Mauritanie Ltd. S.A.
Chirano Gold Mines Ltd. (Ghana)
Interests in jointly controlled entities
Round Mountain Gold Corporation
Mineração Serra Grande S.A. (c)
Investment in associate
Compania Minera Casale (a) December 31,
2012 December 31,
2011 Property/Segment Location Fort Knox
La Coipa(b) / Lobo-Marte/
Corporate and Other
Kettle River - Buckhorn
100% 100% 100% Fruta del Norte
White Gold /
Corporate and Other
90% Round Mountain...
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This document was uploaded on 03/30/2014.
- Spring '14