S dollars average price energy oil forward buy

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Unformatted text preview: 0 2.83 16,104 864.00 100,000 86.64 - 565,000 90.32 7,350,000 2.92 56,364 894.21 The following new forward buy/sell derivative contracts were engaged during 2012: $483.3 million at an average rate of 2.12 Brazilian reais, with maturities in 2012, 2013, 2014 and 2015; $65.4 million at an average rate of 510.15 Chilean pesos, with maturity in 2013; $94.0 million at an average rate of 34.46 Russian roubles maturing in 2013, 2014, and 2015; $171.0 million at an average rate of 1.03 Canadian dollars maturing in 2012, 2013, and 2014; KINROSS GOLD 2012 ANNUAL REPORT MDA39 $11.0 million at an average rate of 0.93 Swiss francs, with maturity in 2013; 498,000 barrels of Nymex Crude WTI oil at an average rate of $92.66 per barrel, with maturities in 2012, 2013, 2014, and 2015; 5.25 million gallons of ultra-low-sulphur diesel at an average rate of $2.92 per gallon, with maturities in 2012, 2013, and 2014; and 56,364 metric tonnes of gasoil at an average rate of $894.21 per tonne, with maturities in 2013 and 2014; During 2008, the Company entered into an interest rate swap in order to fix the interest rates on 50% of the term loan, maturing in February 2012, for Paracatu. Under the contract, Kinross Brasil Mineração S.A. ("KBM"), a wholly-owned subsidiary of the Company, was to pay a rate of 3.83% and receive LIBOR plus 1%. The Paracatu term loan was repaid in February 2012, and accordingly, the interest rate swap was settled. Concurrent with completing the term loan in August 2012, the Company entered into an interest rate swap to swap the underlying 1-month LIBOR into a fixed rate of 0.49% for the entire three year period. Fair value of derivative instruments The fair value of derivative instruments are noted in the table below: As at December 31, (in millions) 2012 2011 Asset (liability) Interest rate swaps $ Foreign currency forward contracts (2.7) $ (7.3) Energy forward contracts (0.1) (75.1) 2.5 1 .6 Total return swap (0.2) (0.7) Canadian dollar denominated common share purchase warrant liability (0.2) (18.6) Convertible senior notes - conversion option $...
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