MINERAL RESERVES & MINERAL RESOURCES

Kinross Gold 2012 Annual Report

Our principle of “quality versus quantity” is reflected in our resource strategy

  • In 2012, we made the strategic decision to hold our gold price assumption at the previous year’s level when calculating our year-end reserve and resource estimates.
  • While holding our gold price assumption resulted in reduced 2012 year-end mineral estimates, it targets higher margin ounces with less capital intensity vs. higher cost, lower margin ounces.
  • In a lower cost or higher gold price environment, most of these ounces may still be brought back into resources.

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See our Mineral Reserve and Mineral Resource Statement (PDF)