The Prospector News

Kinross Sells Portion of Asante Gold Position

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Kinross Sells Portion of Asante Gold Position

 

 

 

 

 

Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced today that it has sold an aggregate of 36,927,650 common shares of Asante Gold Corporation representing approximately 5.2% of the outstanding Shares and 100% of the Shares held by Kinross. The Shares were sold at a price per Share of C$1.98 (not including commission), representing an aggregate sale price of C$73,116,747. Prior to the sale, Kinross held approximately 5.2% of the outstanding Shares and up to 13.2% of the Shares, on a partially-diluted basis, assuming conversion of all convertible instruments held by Kinross. After the sale, Kinross remains a supportive investor in Asante through our convertible instruments that represent approximately 8.4% of the outstanding Shares on a partially diluted basis.

 

The Shares were sold on a private placement basis, subject to a hold period under applicable Canadian securities laws until December 13, 2025. 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 www.sedarplus.ca. 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.

 

Posted September 23, 2025

Share this news article

MORE or "UNCATEGORIZED"


Brutus Mining Announces Closing of $3.0 Million Private Placement Financings

Brutus Mining Inc. (CSE: BRU) (FSE: ZI3) is pleased to announce that it has closed its non-brokered ... READ MORE

October 14, 2026

Jaguar Uranium Announces Maiden Mineral Resource Estimate at Laguna Salada in Argentina

Jaguar Uranium Corp. (NYSE American: JAGU) is pleased to announce an independent Mineral Resource E... READ MORE

October 14, 2026

Auro Intersects 572m Grading 0.60 g/t Gold and 0.1% Copper at the Santa Barbara Gold-Copper Project, Ecuador

Auro Metals Inc. (TSX-V: AURO) (OTCQB: AURFF), is pleased to announce the assay results of the fina... READ MORE

October 14, 2026

Endeavour Silver Restores Guanaceví Mill to Full Capacity Following Trunnion Replacement

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) is pleased to announce that repairs to the primary bal... READ MORE

October 14, 2026

Scorpio Gold Drills 2.94 g/t Gold over 36.42 Metres from 169.62 Metres at the Goldwedge Target at Manhattan

Scorpio Gold Corp. (NASDAQ: SGLD) (TSX-V: SGLD) (OTCQB: SRCRF) (FSE: RY9) is pleased to announce re... READ MORE

October 14, 2026

Copyright 2026 The Prospector News