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Unformatted text preview: ysis ("MD&A") relates to the financial condition and results of
operations of Kinross Gold Corporation together with its wholly owned subsidiaries, as of February 13, 2013,
and is intended to supplement and complement Kinross Gold Corporation's audited annual consolidated
financial statements for the year ended December 31, 2012 and the notes thereto. Readers are cautioned that
the MD&A contains forward-looking statements and that actual events may vary from management's
expectations. Readers are encouraged to read the Cautionary Statement on Forward Looking Information
included with this MD&A and to consult Kinross Gold Corporation's audited consolidated financial statements
for 2012 and corresponding notes to the financial statements which are available on the Company's web site at
www.kinross.com and on www.sedar.com. The December 31, 2012 audited consolidated financial statements
and MD&A are presented in US dollars and have been prepared in accordance with International Financial
Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. This discussion
addresses matters we consider important for an understanding of our financial condition and results of
operations as at and for the year ended December 31, 2012, as well as our outlook.
This section contains forward-looking statements and should be read in conjunction with the risk factors
described in "Risk Analysis". In certain instances, references are made to relevant notes in the consolidated
financial statements for additional information.
Where we say "we", "us", "our", the "Company" or "Kinross", we mean Kinross Gold Corporation or Kinross
Gold Corporation and/or one or more or all of its subsidiaries, as it may apply. Where we refer to the
"industry", we mean the gold mining industry. 1. DESCRIPTION OF THE BUSINESS
Kinross is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing
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