Gold is produced in the form of dor which is shipped

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Unformatted text preview: is listed on the Toronto Stock Exchange and the New York Stock Exchange. 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 Subsidiaries (Consolidated) 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 Company (a) 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 (Proportionately consolidated) Round Mountain Gold Corporation Mineração Serra Grande S.A. (c) Investment in associate (Equity accounted) Compania Minera Casale (a) December 31, 2012 December 31, 2011 Property/Segment Location Fort Knox Paracatu Maricunga La Coipa(b) / Lobo-Marte/ Corporate and Other Kettle River - Buckhorn Kupol USA Brazil Chile Chile 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Fruta del Norte White Gold / Corporate and Other Tasiast Chirano USA Russian Federation Russian Federation Ecuador Canada 100% 100% 100% 100% Mauritania Ghana 100% 90% 100% 90% Round Mountain...
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This document was uploaded on 03/30/2014.

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