Kinross Gold Corp – ‘DEFA14A’ on 1/22/03

On:  Wednesday, 1/22/03, at 3:12pm ET   ·   Effective:  1/22/03   ·   Accession #:  893838-3-2   ·   File #:  0-10321

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Additional Definitive Proxy Solicitation Material   —   Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DEFA14A     Schedule 14A - Definitive Additional Materials         2     10K 

DEFA14A
1st Page of 2
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
SCHEDULE 14a
(Rule 14a-101)

 INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION

 Proxy Statement Pursuant to Section 14(a) of the Securities
 Exchange Act of 1934 (Amendment No. )

Filed by the Registrant |_|                                                     
Filed by a Party other than the Registrant |X|                                  
Check the appropriate box:                                                      
|_|    Preliminary Proxy Statement                                          
|_|    Confidential, for Use of the Commission Only (as permitted by        
Rule 14a-6(e)(2))                                       
|_|    Definitive Proxy Statement                                           
|X|    Definitive Additional Materials                                      
|_|    Soliciting Material Under Rule 14a-12                                

 ECHO BAY MINES LTD.
------------------------------------------------------------------------------- 
(Name of Registrant as Specified In Its Charter)

KINROSS GOLD CORPORATION
--------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (check the appropriate box):                              

|X|  No fee required.                                                           
|_|  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.   

(1)  Title of each class of securities to which transaction applies:  

         ---------------------------------------------------------------------

(2)  Aggregate number of securities to which transaction applies:     

         ---------------------------------------------------------------------

(3)  Per unit price or other underlying value of transaction computed 
         pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):  

         ---------------------------------------------------------------------

(4)  Proposed maximum aggregate value of transaction:                 

         ---------------------------------------------------------------------

(5)  Total fee paid:                                                  

         ---------------------------------------------------------------------

|_|  Fee paid previously with preliminary materials:                            
|_|  Check box if any part of the fee is offset as provided by Exchange Act     
Rule 0-11(a)(2) and identify the filing for which the offsetting fee  
was paid previously. Identify the previous filing by registration     
statement number, or the form or schedule and the date of its filing. 

(1)  Amount Previously Paid:                                          

         ---------------------------------------------------------------------

(2)  Form, Schedule or Registration Statement No.:                    

         ---------------------------------------------------------------------

(3)  Filing Party:                                                    

         ---------------------------------------------------------------------

(4)  Date Filed:                                                      

         ---------------------------------------------------------------------

DEFA14A
Last Page of 2
TOC
1st
Previous
Next
↓Bottom
Just 2nd
Kinross: Holder Mtgs On Echo Bay, TVX Deal Expected Soon                        
By Lynne Olver                                                                  

12/20/2002                                                                      
Dow Jones News Service                                                          
(Copyright (c) 2002, Dow Jones & Company, Inc.)                                 
Of DOW JONES NEWSWIRES                                                          

TORONTO -(Dow Jones)- Kinross Gold Corp. (KGC) expects to announce later Friday 
the meeting dates at which shareholders will vote on the proposed merger with   
TVX Gold Inc. (TVX) and Echo Bay Mines (ECO), Kinross Gold president Robert     
Buchan said.                                                                    

After a lengthy Securities and Exchange Commission review of the preliminary    
proxy materials, Buchan said the companies are confident they can now go to     
shareholders for approval of the transaction. He declined to provide the        
proposed meeting dates.                                                         

The key issues the SEC examined were related to the harmonization of U.S. and   
Canadian GAAP, Buchan told Dow Jones. "It comes down to the fact that U.S.      
regulatory authorities are uncomfortable with anything other than U.S. GAAP," he
said.                                                                           

In November, the three gold producers extended the termination date in the      
merger agreement to Jan. 31, and said they anticipated that special shareholder 
meetings would be held in early 2003. The deal was announced last June.         

Other gold-company executives have said that the SEC has created some           
uncertainty for companies seeking approval of merger documents. As reported,    
Barrick Gold Corp. (ABX) president and chief executive Randall Oliphant said at 
a recent investor seminar that the SEC sometimes takes a different approach to  
even Canadian and U.S. GAAP definitions, and these may not be consistently      
applied by the mining industry. Oliphant said at the conference that this may be
causing delays when mining companies approach the SEC for approvals.            

Brian Christie, an analyst with Canaccord Capital Corp. in Toronto, said a      
number of "standard issues" have come up to make SEC reviews longer, including  
metal price assumptions and reserve statements. "I think it might put a damper  
on the (gold company) consolidation theme, and it may even impact companies'    
abilities to issue equity," Christie said.                                      

Assuming Kinross, Echo Bay and TVX complete their merger as planned, the        
combined entity's larger market share and lack of hedging activity should be a  
bigger draw for institutional investors, Christie said.                         

Based on Thursday's closing stock prices, the combined company's market cap     
would be about C$3.5 billion.                                                   

Kinross is a very liquid stock, Christie added, because there's a large         
retail-investor base.                                                           

He doesn't own shares in any of the three companies. Canaccord has an           
investment-banking relationship with Kinross and TVX.                           

The three companies said their combined production will be 2 million ounces a   
year with total cash costs of less than US$200 an ounce and high leverage to the
price of gold.