Canadian Mining Journal

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FINANCIAL STATEMENTS – Kinross numbers delayed again

TORONTO - KINROSS GOLD has again pushed back the date for release of its financial statements, related management d...


TORONTO – KINROSS GOLD has again pushed back the date for release of its financial statements, related management discussion and analysis and annual information form. The Ontario Superior Court of Justice has granted the company’s request to hold its annual meeting and release of information no later than Dec. 31, 2005.

The delay is blamed on the review of the accounting treatment associated with the merger of Kinross with TVX GOLD and ECHO BAY MINES in 2003.

Kinross and its advisors also anticipate submitting a letter to U.S. and Canadian regulators early next week responding to comments on the registration statement filed by Kinross in connection with the proposed acquisition of CROWN RESOURCES CORP., also first announced in 2003. Included in the response letter are the finalized independent valuations of the assets acquired in the TVX/Echo Bay merger and related documents and opinions from independent advisors and valuators.

Kinross will begin filing audited financial statements after the regulators have issued their final comments on its accounting methodology, its auditors have signed off on the financial statements, and the financial statements have been approved by the Kinross board of directors.

Further information is available from Kinross VP of investor relations, Christopher Hill, at 416-365-7254 or investor relations director Tracey Thom at 416-365-1362.


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