Kinross gold corporation et al the second ontario

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: . The allegations in the Second Ontario Action are similar to those advanced in the First Ontario Action. Various forms of relief are sought, including damages in the amount of CDN$3.5 billion and costs of the action. Subsequent to the service of the statement of claim in the Second Ontario action, it came to Kinross’ attention that the same law firm that acts for the plaintiff in the Second Ontario Action had filed statements of claim making virtually identical allegations against the same defendants on behalf of the same proposed class with the Supreme Court of British Columbia and the Court of Queen’s Bench of Alberta (the “Parallel British Columbia and Alberta Actions”). The firms representing the plaintiffs in the First Ontario Action and the Second Ontario Action reached an agreement on carriage whereby the First Ontario Action will proceed and the Second Ontario Action and the Parallel British Columbia and Alberta Actions will be discontinued. This agreement was disclosed to the Ontario Court on July 16, 2012 and an order granting the discontinuance was issued by the Ontario Court on December 10, 2012. KINROSS GOLD 2012 ANNUAL REPORT MDA41 7. SUMMARY OF QUARTERLY INFORMATION 2011 (a) 2012 (in millions, except per share amounts) Q4 Q2 Q1 (a) $ 1,006.7 $ 1,008.1 $ Q3 Q4 Metal sales $ 1,186.9 $ 1,109.7 Net earnings (loss) from continuing operations attributable to common shareholders $ (2,989.1) $ 224.9 $ 115.8 $ 99.6 Net earnings from discontinued operation after-tax $ $ - $ 37.8 $ Basic earnings (loss) per share from continuing operations attributable to common shareholders $ $ 0.20 $ 0.10 $ Diluted earnings (loss) per share from continuing operations attributable to common shareholders Net cash flow of continuing operations provided from operating activities $ 0.20 $ 0.10 $ 0.09 $ $ $ 368.8 $ 77.4 $ 376.5 $ $ - (2.62) (2.62) 4 80.2 Q3 9 19.8 Q2 Q1 $ 1,041.0 $ 963.6 $ 918.1 $ (2,791.0) $ 207.1 $ 244.3 $ 246.2 6.1 $ 7 .3 $ 5.5 $ 3.1 $ 3.9 0.09 $ (2.45) $ 0.18 $ 0.22 $ 0.22 (2.45) $ 0.18 $ 0.21 $ 0.22 $ 289.0 $ 346.6 $ 340.6 4 02....
View Full Document

This document was uploaded on 03/30/2014.

Ask a homework question - tutors are online