Kinross financials held up

Statutory financial filings from Kinross Gold (K-T) will be delayed until at least the end of June.

Kinross and its auditors are examining a review of the gold producer’s balance sheet by Standard & Poors Corporate Value Consultants. In question is a US$918-million goodwill item in the valuation of the assets Kinross acquired in its 2003 merger with TVX Gold and Echo Bay Mines.

Kinross announced in February that it would not file its 2004 year-end financial statements until the review is complete. It now says it will not be filing first-quarter financials until the review is done.

The review is also delaying the company’s annual meeting and the filing of its annual information form with Canadian securities regulators and the Securities and Exchange Commission in the U.S.