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in the gold price or in its financial condition or results of operations as reflected in its quarterly earnings
reports. Other factors unrelated to the performance of Kinross that may have an effect on the price of the
Kinross common shares include the following: a reduction in analytical coverage of Kinross by investment
banks with research capabilities; a drop in trading volume and general market interest in the securities of
Kinross may adversely affect an investor’s ability to liquidate an investment and consequently an investor’s
interest in acquiring a significant stake in Kinross; a failure of Kinross to meet the reporting and other
obligations under Canadian and U.S. securities laws or imposed by the exchanges could result in a delisting of
the Kinross common shares; and a substantial decline in the price of the Kinross common shares that persists
for a significant period of time could cause the Kinross common shares to be delisted from the NYSE further
reducing market liquidity.
As a result of any of these factors, the market price of its common shares at any given point in time may not
accurately reflect Kinross’ long-term value. Securities class action litigation has been brought against
companies, including Kinross, following periods of volatility or significant decline in the market price of their
securities. Securities litigation, including current proceedings against Kinross as well as potential future
proceedings, could result in substantial costs and damages and divert management’s attention and
resources. Any decision resulting from any such litigation that is adverse to the Company could have a
negative impact on the Company’s financial position. Impairment
Kinross evaluates, on at least an annual basis, the carrying amount of its CGUs to determine whether current
events and circumstances indicate that such carrying amount may no longer be recoverable. Goodwill is
required to be tested annually for impairment and Kinross performs this annual test at the end of the fourth
quarter. In addition, at each reporting period end, Kinross assesses whether there...
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This document was uploaded on 03/30/2014.
- Spring '14