Kinross Gold Takes Steps to Optimize Asante Gold Holdings

Author: Olivia Taylor Updated: 09-23-2025 09:17 AM

Kinross Gold Sells Portions of Asante Gold Holdings

In a recent development, Kinross Gold Corporation has taken significant measures to optimize its investments. The company announced the sale of 36,927,650 common shares of Asante Gold Corporation, which equates to approximately 5.2% of Asante's outstanding shares. This strategic decision resulted in a total sale price of C$73,116,747, with each share priced at C$1.98 before commission.

Background on Kinross Gold’s Investment

Prior to this sale, Kinross was a substantial stakeholder, possessing around 5.2% of Asante's outstanding shares, along with a partial holding that could bring that percentage up to 13.2%. Post-sale, Kinross still maintains a supportive position in Asante via convertible instruments that represent approximately 8.4% of the outstanding shares on a partially diluted basis. This highlights Kinross's ongoing commitment to the development and success of Asante.

Details of the Transaction

The transaction was conducted based on a private placement agreement, which is subject to a hold period under Canadian securities laws lasting until a specified date. The shares were sold as part of Kinross's regular investment strategy concerning its portfolio companies. Interestingly, Kinross has indicated that future transactions involving Asante could occur, either through open market purchases or private deals, contingent upon market dynamics and other related factors.

Future Investment Strategies

Currently, Kinross has not articulated additional intentions regarding its Asante investment. However, it's important to note that as various markets evolve, Kinross may reassess its strategies based on economic conditions and Asante's performance. The company is positioned to make informed decisions that enhance their overall investment portfolio.

About Kinross Gold Corporation

Kinross Gold Corporation stands as a global leader in the mining sector, specializing in gold extraction with operations spanning multiple countries, including the United States, Brazil, Mauritania, Chile, and Canada. The company is dedicated to excelling in responsible mining practices, operational efficiency, and sustainable growth while maintaining a bullish financial standing. Kinross is listed on both the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Contact Information

Media Relations

Samantha Sheffield
Director, Corporate Communications
Phone: 416-365-3034
Email: samantha.sheffield@kinross.com

Investor Relations

David Shaver
Senior Vice-President, Investor Relations and Communications
Phone: 416-365-2761
Email: InvestorRelations@kinross.com

Frequently Asked Questions

What is the significance of Kinross’s share sale of Asante Gold?

The sale reflects Kinross's strategy to optimize its investment portfolio while still maintaining a significant interest in Asante Gold.

How much of Asante Gold does Kinross still own?

Post-sale, Kinross retains approximately 8.4% ownership of Asante shares on a partially diluted basis.

What are Kinross’s future intentions with Asante Gold?

While Kinross currently has no immediate plans for Asante, they may consider future investments based on market conditions.

Where is Kinross Gold Corporation based?

Kinross is headquartered in Toronto, Ontario, Canada.

How can investors contact Kinross Gold Corporation?

Investors can reach out via the Investor Relations contact, David Shaver, at 416-365-2761 or through the provided email address.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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