San Diego, Jan. 25, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Kinross Gold Corporation (USA) (NYSE:KGC) was announced over potential securities laws violations by certain officers and directors at Kinross Gold Corp. in connection with potential false and misleading statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Kinross Gold Corporation (USA) (NYSE:KGC) concerning whether a series of statements made between February 16, 2011 and January 17, 2012, inclusive, regarding Kinrosss business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation seeks to determine, among other things, whether Kinross Gold Corporation knowingly overstated the quality of gold ore contained in its Tasiast property during the relevant period.

Kinross Gold Corporation (USA) reported that its annual Revenue rose from $1.09billion in 2007 to $3.01billion in 2010 and its Net Income increased from $324.20million for 07, respectively a Net loss of $799.30million in 2008, to a Net Income of $964.10million in 2010.

Shares of Kinross Gold Corporation (USA) (Public, NYSE:KGC) rose from $8.81 per share in October 2008 to over $23 per share in October 2009 and almost $17 per share in the end of 2010.
During the first three quarters in 2011 NYSE:KGC stocks traded for the most part above $15 per share and close on September 09, 2011 at $17.95.

For the third quarter in 2011 Kinross Gold Corporation (USA) reported a increase in its third quarter Revenue from $734.50million in 2010 to $1.06billion in 2011. However, its third quarter Net Income fell from $540.90million in 2010 to $212.60million in 2011.
Then on January 16, 2012 Kinross Gold Corp. announced its preliminary operating results for the full-year 2011 and outlook for 2012.

NYSE:KGC shares fell to under $10 on January 19, 2012.