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Unformatted text preview: expectations; (13) the viability of the
Tasiast and Chirano mines (including but not limited to, at Tasiast, the impact of ore tonnage and grade variability
reconciliation analysis) as well as permitting, development and expansion (including but not limited to, at Tasiast,
expansion optimization initiatives leading to changes in processing approach and maintenance and, as required,
conversion of exploration licences to mining licences) of the Tasiast and Chirano mines being consistent with
Kinross’ current expectations; (14) the terms and conditions of the legal and fiscal stability agreements for the
Tasiast and Chirano operations being interpreted and applied in a manner consistent with their intent and Kinross’
expectations; (15) goodwill and/or asset impairment potential; and (16) access to capital markets, including but
not limited to maintaining an investment grade debt rating and securing partial project financing for the
Dvoinoye, FDN and the Tasiast expansion projects, being consistent with the Company’s current expectations.
Known and unknown factors could cause actual results to differ materially from those projected in the forwardlooking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations
in the spot and forward price of gold or certain other commodities (such as diesel fuel and electricity); increases
in the discount rates applied to present value net future cash flows based on country-specific real weighted
average cost of capital; declines in the market valuations of peer group gold producers and the Company, and
the resulting impact on market price to net asset value multiples; changes in interest rates or gold or silver lease
rates that could impact the mark-to-market value of outstanding derivative instruments and ongoing payments/
receipts under any interest rate swaps and variable rate debt obligations; risks arising from holding derivative
instruments (such as credit risk, market liquidity risk and mark-to-market risk); changes in nationa...
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- Spring '14