ENDNOTES

  1. Kinross’ guidance and outlook for 2016 represents forward-looking information and users are cautioned that actual results may vary. Please refer to the Cautionary Statement at the bottom of this site, as well as the Company’s news release dated February 10, 2016, available on our website at www.kinross.com.
  2. “Attributable” is based on Kinross’ 90% share of Chirano production.
  3. “Adjusted net earnings (loss) attributable to common shareholders”, “Adjusted net earnings (loss) per share”, “Adjusted operating cash flow”, “Attributable production cost of sales per equivalent ounce sold” and “Attributable all-in sustaining cost per equivalent ounce sold” figures used throughout this report are non-GAAP financial measures. For the definition and reconciliation of these non-GAAP measures, refer to Section 11, Supplemental Information of Management’s Discussion and Analysis in this report. Adjusted operating cash flow per share, also a non-GAAP measure, is defined as “adjusted operating cash flow” divided by the “weighted average number of common shares outstanding (basic)”. The weighted average number of common shares outstanding (basic) during the year ended December 31, 2015 was 1,146.0 million (2014: 1,144.3 million; 2013: 1,142.1 million).
  4. Reported net loss includes an after-tax non-cash impairment charge of $689.7 million which includes charges related to property, plant and equipment of $430.2 million and inventory and other asset write-downs of $259.5 million (2014: $932.2 million; 2013: $2,834.1 million).
  5. On June 10, 2013, the Company announced its decision to cease development of Fruta del Norte (“FDN”). As a result, FDN was classified as a discontinued operation. On December 17, 2014, the Company disposed of its interest in FDN. On June 28, 2012, the Company disposed of its interest in Crixás. The comparative figures exclude the results of FDN and Crixás.
  6. Figures reported for 2011 have not been recast for IFRS 11, which was adopted on January 1, 2013.
  7. Refers to all of the currencies in the countries where the Company has mining operations, fluctuating simultaneously by 10% in the same direction, either appreciating, or depreciating, taking into consideration the impact of hedging and the weighting of each currency within our consolidated cost structure.