TORONTO, Ontario - Kinross Gold Corporation
("Kinross" or the "Company") (TSX-K; NYSE-KGC) provides a status
update on the preparation and filing of its financial statements
and related matters.
As previously disclosed, Kinross has not yet filed its audited
financial statements and related management's discussion and
analysis or its annual information form as a result of the review
of the accounting treatment for the assets acquired in the TVX
Gold/Echo Bay merger ("the Merger"). On June 26, 2005 Kinross
submitted a letter to the United States Securities & Exchange
Commission (the "SEC") responding to comments on the registration
statement filed by Kinross in connection with the proposed
acquisition of Crown Resources Corporation. Included with the
response letter were the independent valuations of the assets
acquired in the Merger and related documents and opinions from
independent advisors and valuators.
As noted previously, Kinross received comments from the SEC in
connection with the above-mentioned response letter requesting
clarification of certain items included in that submission. This
week Kinross filed its response to these latest SEC comments.
Kinross will file audited financial statements after it has
satisfied all of the comments issued by the relevant regulators,
the auditors have signed off on the financial statements, and the
financial statements have been approved by Kinross' board of
directors.
Kinross will issue bi-weekly updates as to the status and timing
which can be viewed on the website at www.kinross.com. The next
update is scheduled for the week of August 29, 2005.