Kinross Gold Stock Price, News & Analysis

Kinross Gold Corporation (NYSE: KGC) has sold its entire direct equity position in Asante Gold Corporation, consisting of 36,927,650 common shares representing approximately 5.2% of outstanding shares. The transaction was executed at C$1.98 per share, generating total proceeds of C$73.1 million.

While Kinross has divested its direct shareholding, it maintains exposure to Asante through convertible instruments representing approximately 8.4% of outstanding shares on a partially diluted basis. The shares sold are subject to a hold period under Canadian securities laws until December 13, 2025.

Kinross Gold Corporation (NYSE: KGC) has announced the sale of 29,850,984 common shares of Asante Gold Corporation at C$1.55 per share, generating total proceeds of C$46.27 million. The transaction represents approximately 4.2% of Asante's outstanding shares and 44.7% of Kinross's holdings in the company.

Following the sale, Kinross retains 36,927,650 shares, along with 5,000,000 warrants and a convertible debenture. This reduces Kinross's ownership to approximately 5.2% of Asante's outstanding shares on a non-diluted basis, and 13.2% on a partially diluted basis. The company executed this sale as part of its ordinary course of investment portfolio management.

Kinross Gold Corporation (NYSE: KGC) has amended its share purchase agreement with Asante Gold Corporation, involving a complex transaction structure. Under the amended agreement, subject to conditions including US$55 million in cash payments by August 31, 2025, Asante will issue to Kinross:

- 36,927,650 common shares at C$1.45 per share
- A 5-year convertible debenture at C$1.81 conversion price

Currently holding 6.0% of Asante's shares (non-diluted), Kinross's ownership will increase to 9.5% non-diluted and up to 18% on a partially diluted basis post-transaction. The debenture's interest will be paid in-kind through principal increases, subject to a 19.9% ownership cap.

Kinross Gold (NYSE:KGC) has announced a quarterly dividend declaration of US$0.03 per common share for Q2 2025. The dividend will be paid on September 4, 2025, to shareholders of record as of August 21, 2025. The dividend qualifies as an "eligible dividend" for Canadian tax purposes, while non-resident investors will be subject to Canadian withholding taxes.

Kinross Gold (NYSE:KGC) reported robust Q2 2025 results, with record free cash flow of $646.6 million, up 87% year-over-year. The company produced 512,574 gold equivalent ounces at a production cost of $1,080 per ounce sold.

Financial highlights include revenue of $1.73 billion, up 42% year-over-year, and net earnings of $530.7 million ($0.43 per share). Margins increased significantly to $2,204 per gold equivalent ounce, outpacing the rise in gold prices.

The company remains on track to meet its 2025 guidance of 2.0 million attributable gold equivalent ounces. Kinross has returned approximately $300 million to shareholders year-to-date through share buybacks and dividends, declaring a quarterly dividend of $0.03 per share.

Kinross Gold Corporation (NYSE: KGC) has announced the complete divestment of its stake in White Gold Corp. The company sold 23,681,160 common shares, representing approximately 12% of White Gold's outstanding shares.

The shares were sold at an average price of $0.29 per share, resulting in total proceeds of $6.87 million. This transaction marks Kinross's complete exit from its White Gold investment.

Eminent Gold Corp. (OTCQB: EMGDF) has initiated a high-resolution gravity geophysical survey at its Hot Springs Range Project (HSRP) in Humboldt County, Nevada. The survey, conducted in collaboration with Kinross Gold Corporation, a 9.9% shareholder, focuses on the Otis target area adjacent to the 50-million-ounce Au Getchell Trend.

The survey aims to identify structural features that could control mineralization and enhance drill targeting. The company plans to resume drilling in August after completing and interpreting the gravity data. The program will also examine the entire 15km-long Hot Springs Range trend, including the Eden and Sitka targets, potentially revealing new exploration opportunities.

Kinross Gold Corporation (NYSE: KGC) has scheduled the release of its Q2 2025 financial statements and operating results for Wednesday, July 30, 2025, after market close. The company will host a conference call and audio webcast to discuss the results on Thursday, July 31, 2025, at 8:00 a.m. EDT, followed by a Q&A session.

The conference call will be accessible via toll-free numbers for Canada & US participants, with international dial-in options available. A replay will be accessible for 14 days following the call. Additionally, investors can access the webcast through Kinross's website, where it will be archived for future reference.

Kinross Gold Corporation (NYSE: KGC) has released its 2024 Sustainability Report, marking its 17th year of sustainability reporting. The company delivered $4 billion in total economic benefits to host countries through taxes ($416M), wages ($680.7M), procurement ($2.9B), and community support ($13M). Key achievements include maintaining a low injury rate, achieving 99% local employment, and increasing female representation to 22% in senior management. Environmental highlights include 75% water recycling at operating mines, zero tailings breaches over 32 years, and progress toward a 30% reduction in greenhouse gas emissions by 2030. The company implemented 19 energy efficiency projects, saving 45,000 tonnes of CO2e. Notably, 67% of electricity came from renewable sources, with Tasiast's solar plant generating 17% of its site's power needs.