Kinross Gold Corp T.K

Alternate Symbol(s): KGC

Metals & Mining Gold

Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company’s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. Paracatu is a long life, cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. It operates the La Coipa mine in the Atacama region and owns the Lobo-Marte development project, which is located approximately 50 kilometers southeast of La Coipa.

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Kinross Gold Corp

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Post by kuchgoldon Feb 19, 2009 1:53am

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Post# 15788739

Goodwill Impairment Charges???

Do we have any mining accountants out there? Obviously net earnings for the year ended 2008 was greatly affected by the write down of goodwill impairment charges. Can anyone explain what these charges associated with the acquisition of Bema actually mean? Are they some one time, unrelated production charge which has artificially distorted the net income for the period? And are only reported toshow a loss for tax purposes?

thanks

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