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(REUTERS) -- At least four U.S.-based law firms said they are investigating Kinross Gold Corp , after the company failed to disclose that low-grade ore had been found at its Tasiast property in West Africa.
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The law firms have launched separate investigations to asses if the company could have potentially misled its investors.
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Toronto-based Kinross reported a quarterly loss of $2.45 per share on Wednesday, after it recorded a $2.49 billion non-cash goodwill charge on the Tasiast project.
The law firms announced their intention to pursue class action claims against the company, between Thursday and Friday.
Kinross' Toronto-listed shares closed at C$10.87 on Friday.
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