Years ended december 31 2 012 dsus granted 000s

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Unformatted text preview: ions. The Company issues common shares equal to the employees' contributions and the Company's contributions from treasury each quarter. The common shares are issued based on the weighted average closing price on the last twenty trading sessions prior to the end of the quarter. The number of shares issued by the Company and the average of the price per share for the years ended December 31, 2012 and 2011 are as follows: Years ended December 31, 2 012 Common shares issued (000's) Average price of shares issued ($/unit) $ 2011 758 9 .84 $ 421 1 4.71 KINROSS GOLD 2012 ANNUAL REPORT FS55 17. EARNINGS (LOSS) PER SHARE Basic and diluted net loss from continuing operations attributable to common shareholders of Kinross for the year ended December 31, 2012 was $2,548.8 million (year ended December 31, 2011 - $2,093.4 million). Basic and diluted net loss attributable to common shareholders of Kinross for the year ended December 31, 2012 was $2,504.9 million (year ended December 31, 2011 - $2,073.6 million). Loss per share has been calculated using the weighted average number of common shares and common share equivalents issued and outstanding during the period. Stock options and common share purchase warrants are reflected in diluted earnings per share by application of the treasury method. The following table details the weighted average number of outstanding common shares for the purpose of computing basic and diluted earnings (loss) per common share for the following periods: (Number of common shares in thousands) Years ended December 31, 2012 2011 1,139,058 1 ,135,999 Basic weighted average shares outstanding: Weighted average shares dilution adjustments: Stock options (a) Restricted shares Performance shares Common share purchase warrants (a) Convertible debentures Diluted weighted average shares outstanding Weighted average shares dilution adjustments - exclusions: 1,139,058 1 ,135,999 1 3,104 3 ,979 1,048 45,455 48,519 1 0,293 2 ,602 5 03 4 8,680 1 6,405 (b) Stock options Restricted shares Performance shares Common share purchase warrants Convertible senior notes (a) Dilutive stock options and warrants were determined using the Company’s average shar e price for the year. For the years ended December 31, 2012 and 2011 the average share price used was $9.48 and $15.45, respectively. (b) These adjustments were excluded, as they were anti-dilutive. 18. INCOME TAX EXPENSE The following table shows the components of the current and deferred tax expense: Year...
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This document was uploaded on 03/30/2014.

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