Exhibit 5.2
Osler, Hoskin & Harcourt LLP |
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Toronto
Montréal
Calgary
Ottawa
Vancouver
New York
May 18, 2018 |
| Direct Dial: (416) 862-6647 |
Kinross Gold Corporation
25 York Street
17th Floor
Toronto, Ontario
Canada M5J 2V5
Ladies and Gentlemen:
We are acting as Canadian counsel to Kinross Gold Corporation (“Kinross”) in connection with the issuance by Kinross of $500,000,000 aggregate principal amount of 4.50% Notes due 2027 (the “New Notes”).
We understand that Kinross intends to offer to exchange the New Notes for an equivalent principal amount of its outstanding notes, pursuant to an exchange offer registered with the United States Securities and Exchange Commission (“SEC”).
The New Notes will be issued pursuant to an indenture (the “Indenture”) dated as of August 22, 2011, as amended, among Kinross, certain subsidiaries of Kinross and Wells Fargo Bank, National Association, as trustee (the “Trustee”).
A. Documentation
As Canadian counsel for Kinross, we have participated in the preparation of the Indenture.
B. Jurisdiction
We are solicitors qualified to practice law in the Province of Ontario (the “Province”). We express no opinion as to any laws or any matters governed by any laws other than the laws of the Province and the federal laws of Canada applicable therein.
C. Scope of Examinations
In connection with the opinions expressed in this opinion letter, we have considered such questions of law and examined such public and corporate records, certificates and other documents and conducted such other examinations as we have considered necessary.
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D. Assumptions and Reliances
We have assumed the legal capacity of all individuals, the genuineness of all signatures, the authenticity of all documents submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as certified, conformed, photostatic or facsimile copies.
In expressing the opinion in the first sentence of paragraph 1, we have relied solely upon a certificate of status dated May 18, 2018, issued by the Ministry of Government and Consumer Services of Ontario, a copy of which has been delivered to you.
To the extent that the opinions expressed in this letter are based on factual matters, we have relied solely upon a certificate of an officer of Kinross (the “Officer’s Certificate”) as to such matters. A copy of the Officer’s Certificate has been delivered to you.
On the basis of the foregoing and subject to the qualifications herein expressed, we are of the opinion that:
1. Kinross is a corporation existing under the laws of the Province. There are no restrictions on the power and capacity of Kinross to own property or to carry on business.
2. The execution and delivery of, and the performance by Kinross of its obligations under, the Indenture and the New Notes has been duly authorized by all necessary action on the part of Kinross.
3. To the extent that execution and delivery are matters governed by the laws of the Province and the federal laws of Canada applicable therein:
(a) the Indenture has been duly executed and delivered by Kinross; and
(b) when the New Notes are issued, executed and delivered by Kinross and authenticated by the Trustee pursuant to the terms and conditions of the Indenture, the New Notes will be duly issued, executed and delivered by Kinross.
4. The execution and delivery by Kinross of, and the performance by it of its obligations under, the Indenture and the New Notes would not, if executed and delivered on the date hereof:
(a) violate any provision of any Canadian federal or provincial law, statute, rule or regulation as presently in effect in the Province; or
(b) conflict with or contravene the constating documents of Kinross.
This opinion is being delivered to you for your use only in connection with the filing of a Registration Statement (the “Registration Statement”) with respect to the New Notes with the SEC and may not be relied upon by any person other than you and the law firm of Sullivan & Cromwell LLP for purposes of the opinion to be delivered by such firm in connection with the Registration Statement.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to us under the heading “Validity of Notes and Guarantees” in the prospectus that forms part of the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the United States Securities Act of 1933.
Yours very truly,
/s/ OSLER, HOSKIN & HARCOURT LLP
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