Year ended december 31 in millions production cost of

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Unformatted text preview: of sales from continuing operations net of silver by-product revenue 1,850.8 (331.8) $ 1,497.5 Adjusting items on an attributable basis: General and administrative 179.1 Severance expense (16.4) Exploration and business development - sustaining 208.0 Other operating expense - sustaining 55.3 Additions to property, plant and equipment - sustaining 669.8 Capitalized interest and exploration All-in Sustaining Cost - attributable 35.3 $ Gold ounces sold from continuing operations 2,421,447 L ess: portion attributable to Chirano non-controlling interest Attributable gold ounces sold from continuing operations Attributable all-in sustaining cost from continuing operations per ounce sold on a by-product basis 2,628.6 (29,795) $ 2,391,652 1,099 (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. MDA58 KINROSS GOLD 2012 ANNUAL REPORT Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained or incorporated by reference in this MD&A, but not limited to, any information as to the future financial or operating performance of Kinross, constitute ‘‘forward-looking information’’ or ‘‘forward-looking statements’’ within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the provisions for ‘‘safe harbour’’ under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this MD&A. Forward-looking statements include, without limitation, statements with respect to: possible events, the future price of gold and silver, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. The words ‘‘plans’’, ‘‘expects’’, ‘‘scheduled’’, “projected”, “timeli...
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