Kinross gains on sale of part of Asante Gold position

Asante Gold

23/09/2025 14:44

** Shares of Canada-based gold miner Kinross Gold K.TO up 2.3% at C$34.27

** Company sells part of its Asante Gold position for C$73 million  ($52.80 million)

** After the sale, Kinross remains an investor in Asante through convertible instruments that represent ~8.4% of the outstanding shares on a partially diluted basis

** Company says the shares were sold on a private placement basis, subject to a hold period under applicable Canadian securities laws until December 13

** Including session's moves, stock up ~151% YTD

($1 = 1.3826 Canadian dollars)

 (Reporting by Dharna Bafna)

 ((Dharna.bafna@thomsonreuters.com))