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Unformatted text preview: L ess: portion attributable to Kupol non-controlling interest (a) $ (b) $ 1 ,546.1 - L ess: portion attributable to Chirano non-controlling interest (21.0) (21.5) Attributable production cost of sales from continuing operations net of silver by-product revenue
Gold ounces sold from continuing operations $ (18.2) (331.8) Less: attributable silver sales from continuing operations L ess: portion attributable to Kupol non-controlling interest 2011 1,850.8 (282.9) 1 ,497.5 $ 1 ,224.0 2,421,447
(a) L ess: portion attributable to Chirano non-controlling interest
Attributable gold ounces sold from continuing operations 2 ,362,268 - (49,299) (29,795) (26,155) 2,391,652 2 ,286,814 Attributable production cost of sales from continuing operations per ounce sold on a by-product
6 26 $
(a) "Production cost of sales" is equivalent to "Total cost of sales" per the consolidated financial statements less depreciation, depletion and
amortization and impairment charges.
(b) On April 27, 2011, Kinross acquired the remaining 25% of CMGC, and thereby obtained 100% ownership of Kupol. As such, the results up to
April 27, 2011 reflect 75% and results thereafter reflect 100%. All-in Sustaining Cost
All-in sustaining cost on an attributable basis is a non-GAAP measure that the Company has defined to
include attributable production cost of sales from continuing operations net of silver by-product credits;
general and administrative expenses; sustaining business development and exploration costs; sustaining
capital (including related capitalized interest); and a portion of other operating costs. Management uses this
measure internally and believes that it provides investors with the ability to better evaluate the cost of
sustaining gold production.
Year ended December 31,
Production cost of sales from continuing operations - as reported (a) 2012
$ L ess: portion attributable to Chirano non-controlling interest (21.5) L ess: attributable silver sales from continuing operations
Attributable production cost...
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- Spring '14