Write-offs and a tax move on property brought fourth quarter results down for Kinross Gold. The gold mining company is showing a reported net loss of almost $842 million in the final quarter. But most of that was the result of a tax related move on property accounting for $430 million. Another $235 million worth of assets and inventory was written off.
Kinross President J. Paul Rollinson says this year, the company is expecting record production after strong operational results in 2015.
(Written by: Rocco Frangione)