Kinross seeks extension for annual meeting

Kinross Gold (K-T) will seek court permission to delay its 2005 annual meeting past June 30, as a review of its finances continues.

The company’s application will be heard on June 24. Kinross is seeking a new deadline date of Dec. 31, but says it will hold the meeting as soon as possible after it has filed financial statements for 2004.

The company appointed outside valuation consultants after questions were raised about the accounting treatment of goodwill in the merger between Kinross, Echo Bay Mines and TVX Gold. Changes to the goodwill figure — US$918 million currently — could affect year-end financial statements from 2003 and all of 2004.