In response to media inquiries, Kinross Gold addressed the circumstances surrounding an ongoing regulatory review in relation to its West Africa mining operations. In August 2013, the company said it received information regarding allegations of improper payments made to government officials and certain internal control deficiencies at its West Africa mining operations. External legal counsel was immediately retained to conduct an objective internal investigation into the allegations.
In March and December 2014, and July 2015, Kinross received subpoenas from the U.S. Securities and Exchange Commission seeking information and documents on substantially the same subjects as had previously been raised. In December 2014, Kinross received similar requests for information from the U.S. Department of Justice.
Kinross said it is cooperating with U.S. officials and continues to diligently pursue its own internal investigation, which, over the course of the past 25 months, has not identified issues that the company believes would have a material adverse effect on its financial position or business operations.