Our approach to reporting

REPORT SCOPE AND BOUNDARY

Performance is reported for the fiscal years ended December 31, 2010 and December 31, 2011. Where available, we have included data from previous years and performance trends, and initiatives and material subsequent events occurring in 2012. We have reported on our operations and growth projects where Kinross held a 50% or greater ownership position and for our operations and joint ventures where Kinross was the operating partner responsible for management and operational performance for a majority of 2010 and 2011.

The following changes of ownership have occurred since we published our 2009 report.

  • Tasiast and Chirano: In September 2010, Kinross acquired Red Back Mining Inc.(Red Back Mining) which included a 90% ownership of the Chirano mine located in Ghana and 100% ownership of the Tasiast mine and development project located in Mauritania. 
  • Dvoinoye: Kinross acquired the Dvoinoye development project in August 2010. The project is located approximately 100 kilometres north of Kupol in the Russian Far East.
  • Kupol: Kinross increased its ownership position in Kupol from 75% to 100% in 2011.
  • Crixás: In June 2012, Kinross sold its 50% non-operating position in Crixás to AngloGold Ashanti Limited.

For 2010, we have reported on our 75% ownership position in our Kupol operation, 50% ownership position in Crixás and 50% ownership position in Round Mountain. For 2011, data reflects Kinross' 100% ownership of Kupol after April 27, 2011. Data for both Crixás and Round Mountain have been reported based on our 50% ownership position in 2011, unless otherwise indicated.

Activities and initiatives at Tasiast and Chirano have been reported for both 2010 and 2011. Environmental data for both sites has been reported for 2011. Data for Chirano is based on Kinross’ 90% share of ownership.

We have also reported on safety performance for our non-operating projects at Fruta del Norte, Lobo-Marte and Dvoinoye.

While the activities and initiatives of our reclamation sites are important to Kinross and have been reported qualitatively throughout the report, environmental data have not been reported for our reclamation sites.

We believe this approach provides a thorough account of Kinross’ environmental, workplace, social and economic performance for the two years covered in this report.

As a result of ongoing efforts to improve reporting, some minor changes to previously reported data have been made. These are largely the result of improved data collection at our operating sites, as well as the implementation of standardized reporting protocols. Corporate-wide environmental data for 2009 and 2010 has also been restated to reflect the disposition of Crixás from Kinross' portfolio of assets. The changes made have no material impact on reported performance characterization.

To support our corporate responsibility reporting, Kinross introduced an online data collection system to support performance reporting from our operating sites in key areas of environmental and social performance in 2012. Data were compiled and reviewed for accuracy as part of our internal quality assurance process prior to publication.

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