-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OTy2K9i414J5i1NOMm8PXzIarWxkeuSWCcYhK69bBGOBQ6cc4jdKcCNgGmYrr24Y 1SgWNUQGz7olOaZZ9J/Mog== 0001188112-05-000184.txt : 20050203 0001188112-05-000184.hdr.sgml : 20050203 20050203115314 ACCESSION NUMBER: 0001188112-05-000184 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050228 FILED AS OF DATE: 20050203 DATE AS OF CHANGE: 20050203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KINROSS GOLD CORP CENTRAL INDEX KEY: 0000701818 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 650430083 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13382 FILM NUMBER: 05572100 BUSINESS ADDRESS: STREET 1: 185 SOUTH STATE STREET STREET 2: STE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 8013639152 FORMER COMPANY: FORMER CONFORMED NAME: PLEXUS RESOURCES CORP DATE OF NAME CHANGE: 19920703 6-K 1 t6k-4710a.txt 6-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2005 Commission File Number: 001-13382 KINROSS GOLD CORPORATION (Translation of registrant's name into English) 52ND FLOOR, SCOTIA PLAZA, 40 KING STREET WEST TORONTO, ONTARIO M5H 3Y2 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F_____ Form 40-F__X__ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____ Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____ Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes_____ No__X__ If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2b: Page 2 This report on Form 6-K is being furnished for the sole purpose of providing a copy of a press release in which the Company announced that it has decided to obtain an independent valuation to support its treatment of the goodwill associated with the acquisition of TVX and Echo Bay and that investors are advised not to rely on the financial statements or the related auditor's report for the year ended December 31, 2003. INDEX Table of Contents SIGNATURES - ---------- EXHIBIT INDEX - ------------- 99.1 Press Release dated February 3, 2005. This Current Report on Form 6-K, dated February 3, 2005 is specifically incorporated by reference into Kinross Gold Corporation's Registration Statement on Form F-10 (Registration No. 333-102660), filed on January 22, 2003, as amended on January 29, 2003. Page 3 SIGNATURES Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. KINROSS GOLD CORPORATION Signed: /s/ Shelley M. Riley -------------------- Corporate Secretary February 3, 2005. EX-99.1 2 tex99_1-4710a.txt EX-99.1 [KINROSS LOGO] PRESS RELEASE FINANCIAL STATEMENT REVIEW FEBRUARY 3, 2005, TORONTO, ONTARIO - KINROSS GOLD CORPORATION (TSX-K; NYSE-KGC) ("Kinross" or the "Company") announced today that following a lengthy review of the manner in which it has accounted for goodwill, it has decided to obtain an independent valuation to provide support for the evaluation of the goodwill as of December 31, 2003 and as of December 31, 2004. The $918 million in goodwill resulted from Kinross' acquisition of mines in the TVX and Echo Bay transactions that were completed on January 31, 2003. Although Kinross believes that the goodwill reflected on its balance sheet was not impaired as of December 31, 2003, there is a possibility that the valuations may not support Kinross' belief. Accordingly, until Kinross receives the valuations, the Board of Directors, including the Audit Committee, is advising investors not to rely on the financial statements or on the related auditor's report for the year ended December 31, 2003. If, after receiving the valuations, Kinross concludes that goodwill was impaired as of December 31, 2003, it will restate its financial statements as of the year ended December 31, 2003 and for any quarterly reports that may be affected. Any impairment will result in non-cash adjustments to reduce the carrying amount of the goodwill in the period in which the impairment occurred and reduce Kinross' net profit for the year 2003 by the amount of the impairment. These non-cash adjustments will also be reflected in the balance sheets of the Company as of each subsequent date, but revenues, cash flow from operations, and production statistics will not be affected. Any restatement of the historical financial statements for the 2003 fiscal year would have no effect on Kinross' cash generating ability or its capacity to achieve its operating plans. Clearly, the time required to undertake the analysis will delay the expected release of our 2004 results beyond February 15th. We will however release our year-end reserves and certain operating statistics on February 15, 2005. For additional information, e-mail INFO@KINROSS.COM or contact: CHRISTOPHER T. HILL TRACEY M. THOM VICE PRESIDENT MANAGER INVESTOR RELATIONS INVESTOR RELATIONS Tel. (416) 365-7254 Tel. (416) 365-1362 - -------------------------------------------------------------------------------- THIS PRESS RELEASE INCLUDES CERTAIN "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED HEREIN, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING THE KINROSS' FINANCIAL STATEMENTS FOR ITS FISCAL YEAR ENDED DECEMBER 31, 2003, POTENTIAL MINERALIZATION AND RESERVES, EXPLORATION RESULTS AND FUTURE PLANS AND OBJECTIVES OF KINROSS GOLD CORPORATION, ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. ANY RESTATEMENT OF HISTORICAL FINANCIAL STATEMENTS IS DEPENDANT ON THE OUTCOME OF THE INDEPENDENT VALUATION OF THE ACQUIRED ASSETS, AND KINROSS DOES NOT KNOW WHAT THAT OUTCOME WILL BE. OTHER IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM KINROSS' EXPECTATIONS ARE DISCLOSED UNDER THE HEADING "RISK FACTORS" AND ELSEWHERE IN KINROSS' DOCUMENTS FILED FROM TIME TO TIME WITH THE TORONTO STOCK EXCHANGE, THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND OTHER REGULATORY AUTHORITIES. -----END PRIVACY-ENHANCED MESSAGE-----