TORONTO – KINROSS GOLD CORP. has filed its long-delayed audited financial statements for the year ended Dec. 31, 2004. The filing includes audited comparative restated financial statements for the year ended Dec. 31, 2003. Kinross delayed release of these results to reflect updated information related to its acquisition of ECHO BAY MINES and TVX GOLD in January 2003.
The figures (in US dollars) reveal that Kinross had revenues from metal sales of $666.8 million in 2004 ($571.9 million in 2003). The company had an operating loss both years; it was $67.9 million in 2004 compared with $419.6 million in 2003. Net losses for the years were $56.1 million and $411.0 million, respectively. The company’s financial statements are filed with the System for Electronic Document Analysis and Retrieval, www.sedar.com.
Kinross has also applied to the Ontario Superior court of Justice to further extend the deadline of its 2005 annual meeting beyond the end of this year to Feb. 28, 2006.