XML 72 R34.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE MEASUREMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
FAIR VALUE MEASUREMENT |
Assets (liabilities) measured at fair value on a recurring basis | Assets (liabilities) measured at fair value on a recurring basis as at December 31, 2017 include:
|  | Level 1 |  | Level 2 |  | Level 3 |  | Aggregate Fair Value |
Available-for-sale investments |  | $ | 188.0 |  | $ | — |  | $ | — |  | $ | 188.0 |
Derivative contracts: |  |  |  |  |  |  |  |  |
Foreign currency forward and collar contracts |  | — |  | 6.1 |  | — |  | 6.1 |
Energy swap contracts |  | — |  | 12.9 |  | — |  | 12.9 |
Total return swap contracts |  | — |  | 0.6 |  | — |  | 0.6 |
|  | $ | 188.0 |  | $ | 19.6 |  | $ | — |  | $ | 207.6 |
Summary of information about derivative contracts outstanding |
|  | December 31, 2017 |  | December 31, 2016 |
|  | Asset / (Liability) Fair Value |  | AOCI |  | Asset / (Liability) Fair Value |  | AOCI |
Currency contracts |  |  |  |  |  |  |  |  |
Foreign currency forward and collar contracts (a) (i) |  | 6.1 |  | 4.4 |  | 8.9 |  | 5.9 |
Commodity contracts |  |  |  |  |  |  |  |  |
Energy swap contracts (b) (ii) |  | 12.9 |  | 9.8 |  | 12.3 |  | 9.6 |
Other contracts |  |  |  |  |  |  |  |  |
Total return swap contracts (iii) |  | 0.6 |  | — |  | (6.2 | ) | — |
Total all contracts |  | $ | 19.6 |  | $ | 14.2 |  | $ | 15.0 |  | $ | 15.5 |
Unrealized fair value of derivative assets |  |  |  |  |  |  |  |  |
Current |  | 17.0 |  |  |  | 16.1 |  |  |
Non-current |  | 3.9 |  |  |  | 6.0 |  |  |
|  | $ | 20.9 |  |  |  | $ | 22.1 |  |  |
Unrealized fair value of derivative liabilities |  |  |  |  |  |  |  |  |
Current |  | (1.1 | ) |  |  | (7.1 | ) |  |
Non-current |  | (0.2 | ) |  |  | — |  |  |
|  | $ | (1.3 | ) |  |  | $ | (7.1 | ) |  |
Total net fair value |  | $ | 19.6 |  |  |  | $ | 15.0 |  |  |
| (a) |  | Of the total amount recorded in AOCI at December 31, 2017, $4.2 million will be reclassified to net earnings within the next 12 months as a result of settling the contracts.
| (b) |  | Of the total amount recorded in AOCI at December 31, 2017, $7.3 million will be reclassified to net earnings within the next 12 months as a result of settling the contracts.
Summary of foreign currency forward and collar contracts outstanding | The following table provides a summary of foreign currency forward and collar contracts outstanding at December 31, 2017, maturing in 2018 and 2019:
Foreign currency |  | 2018 |  | 2019 |  | 2020 |
Brazilian real forward buy contracts |  |  |  |  |  |  |
(in millions of U.S. dollars) |  | $ | 69.6 |  | $ | — |  | $ | — |
Average price (Brazilian reais) |  | 3.32 |  | — |  | — |
Brazilian real zero cost collars |  |  |  |  |  |  |
(in millions of U.S. dollars) |  | $ | 25.2 |  | $ | 60.0 |  | $ | — |
Average put strike (Brazilian reais) |  | 3.75 |  | 3.45 |  | — |
Average call strike (Brazilian reais) |  | 4.12 |  | 3.64 |  | — |
Canadian dollar forward buy contracts |  |  |  |  |  |  |
(in millions of U.S. dollars) |  | $ | 40.5 |  | $ | 18.0 |  | $ | — |
Average rate (Canadian dollars) |  | 1.35 |  | 1.28 |  | — |
Russian rouble zero cost collars |  |  |  |  |  |  |
(in millions of U.S. dollars) |  | $ | 24.0 |  | $ | — |  | $ | — |
Average put strike (Russian roubles) |  | 60.0 |  | — |  | — |
Average call strike (Russian roubles) |  | 71.2 |  | — |  | — |
Summary of energy swap contracts outstanding | The following table provides a summary of energy swap contracts outstanding at December 31, 2017, maturing in 2018 to 2020:
Energy |  | 2018 |  | 2019 |  | 2020 |
WTI oil swap contracts (barrels) |  | 907,482 |  | 594,451 |  | 90,000 |
Average price |  | $ | 48.48 |  | $ | 49.86 |  | $ | 52.40 |

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | kgc_DisclosureOfFairValueMeasurementAbstract
Namespace Prefix: | kgc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of assets (liabilities) on recurring basis. + References No definition available. + Details
Name: | kgc_DisclosureOfFairValueMeasurementOfAssetsLiabilitiesOnRecurringBasisTextBlock
Namespace Prefix: | kgc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of summary of energy swap contracts outstanding. + References No definition available. + Details
Name: | kgc_DisclosureOfSummaryOfEnergySwapContractsOutstandingTextBlock
Namespace Prefix: | kgc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of summary of foreign currency forward and collar contracts outstanding. + References No definition available. + Details
Name: | kgc_DisclosureOfSummaryOfForeignCurrencyForwardAndCollarContractsOutstandingTextBlock
Namespace Prefix: | kgc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration