Kinross announces sale of shares of White Gold
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.
Kinross Gold Corporation (NYSE: KGC) ha annunciato la cessione completa della sua partecipazione in White Gold Corp. L'azienda ha venduto 23.681.160 azioni ordinarie, pari a circa il 12% delle azioni in circolazione di White Gold.
Le azioni sono state vendute a un prezzo medio di 0,29 $ per azione, generando un ricavo totale di 6,87 milioni di dollari. Questa operazione segna l'uscita totale di Kinross dal suo investimento in White Gold.
Kinross Gold Corporation (NYSE: KGC) ha anunciado la venta total de su participaci贸n en White Gold Corp. La compa帽铆a vendi贸 23,681,160 acciones ordinarias, que representan aproximadamente el 12% de las acciones en circulaci贸n de White Gold.
Las acciones se vendieron a un precio promedio de $0.29 por acci贸n, resultando en ingresos totales de $6.87 millones. Esta transacci贸n marca la salida completa de Kinross de su inversi贸n en White Gold.
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欤茧嫻 韽夑窢 0.29雼煬鞐� 欤检嫕鞚� 毵り皝頃橃棳 齑� 687毵� 雼煬鞚� 靾橃澋鞚� 鞓牳鞀惦媹雼�. 鞚措矆 瓯半灅搿� Kinross電� White Gold 韴瀽鞐愳劀 鞕勳爠頌� 觳犾垬頃橁矊 霅橃棃鞀惦媹雼�.
Kinross Gold Corporation (NYSE : KGC) a annonc茅 la cession compl猫te de sa participation dans White Gold Corp. La soci茅t茅 a vendu 23 681 160 actions ordinaires, repr茅sentant environ 12% des actions en circulation de White Gold.
Les actions ont 茅t茅 vendues 脿 un prix moyen de 0,29 $ par action, g茅n茅rant un produit total de 6,87 millions de dollars. Cette transaction marque la sortie totale de Kinross de son investissement dans White Gold.
Kinross Gold Corporation (NYSE: KGC) hat den vollst盲ndigen Verkauf seiner Beteiligung an White Gold Corp. bekannt gegeben. Das Unternehmen verkaufte 23.681.160 Stammaktien, was etwa 12% der ausstehenden Aktien von White Gold entspricht.
Die Aktien wurden zu einem Durchschnittspreis von 0,29 $ pro Aktie verkauft, was Gesamterl枚se von 6,87 Millionen Dollar ergibt. Diese Transaktion markiert den vollst盲ndigen Ausstieg von Kinross aus seiner White Gold-Beteiligung.
- Generated approximately $6.87 million in cash proceeds from the sale
- Complete exit from non-core investment position
- Divested ownership stake in White Gold's potential future growth
(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.)
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (鈥淜inross鈥� or the 鈥淐ompany鈥�) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 23,681,160 common shares of White Gold Corp. (鈥�White Gold鈥�) representing all of the common shares held by Kinross. The shares represent approximately
A copy of the early warning report filed by Kinross in connection with the investment will be available on White Gold鈥檚 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. White Gold鈥檚 head office is located at 82 Richmond Street East, Toronto, Ontario, M5C 1P1.
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 & Communications
phone: 647-365-2854
Source: Kinross Gold Corporation
FAQ
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