Business
Kinross Gold To File Restated 2003 and 2004 Financial Statements
Kinross Gold To File Restated 2003 and 2004 Financial Statements.
About this update from Kinross Gold Corporation
[{"type":"text","content":"\n\n\n\n\nTORONTO, Feb. 10 /CNW/ - Kinross Gold Corporation (TSX-K; NYSE-KGC)\n(\"Kinross\" or the \"Company\") has now completed the restatement of its\nfinancial statements for the years ended December 31, 2003 and 2004 that were\nfiled on November 30, 2005. Kinross will now begin filing its restated\nquarterly and audited annual financial statements for 2004 along with\ncomparative restated numbers for 2003. Kinross will also file its 2004 Annual\nInformation Form in Canada, and the US equivalent on Form 40-F. The Company\nplans to begin the filings next week and will post all filings on its website,\nwww.kinross.com, and the filings will also be accessible on SEDAR\n(www.sedar.com) and Edgar (www.edgar-online.com).\nKinross plans to release and file its financial statements for the three\nquarters ended March 31, June 30 and September 30, 2005 next week.\n\"My mandate as President and CEO of Kinross includes raising the bar for\nour financial reporting standards which will serve our company and\nshareholders moving forward. I am pleased that we have been able to release\nthe restated financial statements for our company and our shareholders,\" said\nKinross President and CEO, Tye Burt.\n\"Moving forward, our strategic objective is to continue to increase net\nasset value and cash flow per share,\" Burt said. \"We are pursuing a four-point\nplan: growth from existing core operations; expanding our capacity for the\nfuture, developing attracting and retaining the best people in the industry,\nand driving new opportunities from exploration and acquisition.\"\nFurther to the press release issued February 3, 2006, the following is a\nsummary of the restatement resulting from the non-cash impact of foreign\ncurrency translation on future tax liabilities related to the acquisition of\nTVX Gold and Echo Bay in January, 2003:\n\n>\n%SEDAR: 00002968E\n\n\n","length":8317,"tagName":"div"}]