K. Kinross Gold Corporation

Kinross sells portion of Asante Gold shares

Kinross sells portion of Asante Gold shares

(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.)

TORONTO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 29,850,984 common shares (“Shares”) of Asante Gold Corporation (“Asante”) representing approximately 4.2% of the outstanding Shares and approximately 44.7% of the Shares held by Kinross. The Shares were sold at a price per Share of $1.55 (not including commission), representing an aggregate sale price of C$46,269,025.20. Prior to the sale, Kinross held approximately 9.4% of the outstanding Shares and up to 18% of the Shares, on a partially-diluted basis, assuming conversion of all convertible instruments held by Kinross. After the sale, Kinross holds 36,927,650 Shares, 5,000,000 warrants to purchase Shares and a convertible debenture (the “Convertible Debenture”) which is convertible into Shares at the option of Kinross at any time for a period of five years from the date of issuance at a conversion price equal to C$1.81 per Share. Kinross now owns approximately 5.2% of the outstanding Shares, on a non-diluted basis, and 13.2% of the outstanding Shares, on a partially diluted basis assuming the conversion of the convertible securities of Asante held by Kinross.

Kinross sold the Shares in the ordinary course of investments in portfolio companies. Kinross may or may not purchase or sell securities of Asante in the future on the open market or in private transactions, depending on market conditions and other factors. Kinross currently has no other plans or intentions that relate to its investment in Asante. Depending on market conditions, general economic and industry conditions, Asante’s business and financial condition and/or other relevant factors, Kinross may develop other plans or intentions in the future.

A copy of the early warning report filed by Kinross in connection with the investment will be available on Asante’s profile on SEDAR+ at Alternatively, you may contact Luke Crosby, Senior Vice President, General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. Asante’s head office is located at 615 – 800 West Pender Street, Vancouver, British Columbia V6C 2V6.

About Kinross Gold Corporation

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact

Samantha Sheffield

Director, Corporate Communications

phone: 416-365-3034

Investor Relations Contact

David Shaver

Senior Vice-President, Investor Relations and Communications                 

phone: 416-365-2761

Source: Kinross Gold Corporation



EN
08/09/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kinross Gold Corporation

 PRESS RELEASE

Kinross sells portion of Asante Gold shares

Kinross sells portion of Asante Gold shares (All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 29,850,984 common shares (“Shares”) of Asante Gold Corporation (“Asante”) representing approximately 4.2% of the outstanding Shares and approximately 44.7% of the Shares held by Kinross. The Shares were sold at a price per Share of $1.55 (not including commission), representing an aggregate sale price of C$46,269,025.2...

Kinross Gold Corp: 1 director

A director at Kinross Gold Corp sold 20,000 shares at 27.240CAD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

 PRESS RELEASE

Kinross Files Early Warning Report with respect to Asante Gold

Kinross Files Early Warning Report with respect to Asante Gold   (All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has entered into an amendment agreement to the share purchase agreement dated April 24, 2022 (as amended) (the “Purchase Agreement”) between Kinross and Asante Gold Corporation (“Asante”) pursuant to which, subject to the satisfaction of certain conditions on or prior to August 31, 2025, including aggregate cash payments t...

 PRESS RELEASE

Kinross declares quarterly dividend

Kinross declares quarterly dividend TORONTO, July 30, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the second quarter of 2025. The dividend is payable on September 4, 2025, to shareholders of record as of the close of business on August 21, 2025. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resi...

 PRESS RELEASE

Kinross reports strong 2025 second-quarter results

Kinross reports strong 2025 second-quarter results Robust margins drive record free cash flow of over $600 millionOn track for $650 million in return of capital to shareholders in 2025Development projects advancing on plan TORONTO, July 30, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the second quarter ended June 30, 2025.This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set o...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch