Precious Metals
Posted By OrePulse
Published: 09 Sep, 2025 07:48
Kinross trims Asante Gold stake with C$46m share sale
Kinross offloaded 29.85-million common shares at C$1.55 a share, representing about 4.2% of Asante’s outstanding equity and nearly 45% of Kinross’s holdings. Following the sale, Kinross retains 36.9-million shares, five-million warrants and a convertible debenture exercisable at C$1.81 a share.
The transaction cuts Kinross’s ownership in Asante to 5.2% on a non-diluted basis and 13.2% on a partially diluted basis, down from 9.4% and 18%, respectively.
Kinross described the move as part of the ordinary course of portfolio management and said it may adjust its position further depending on market conditions and other factors.
Asante operates the Bibiani and Chirano gold mines in Ghana.
Related Articles
Investigation uncovers fraudulent identity documen...
10 Sep, 2024 08:08
The Top Five Gold-Producing Countries in Africa in...
10 Sep, 2024 08:46
AngloGold notes ‘enormous geological potential’ in...
10 Sep, 2024 09:29
Awalé Resources expands BBM gold zone at Odienné p...
10 Sep, 2024 11:38
Proposed amendment: Gold mines to be subject to th...
10 Sep, 2024 12:39
Pan African Resources Annual Result Improves; Expe...
12 Sep, 2024 07:42
African countries are joining the sovereign gold-b...
12 Sep, 2024 08:07
Platinum Group Metals Ltd. Announces Positive Inde...
16 Sep, 2024 09:11
At least 20 likely dead in violence near Papua New...
16 Sep, 2024 10:37
Theta changes funding strategy for South Africa pr...
16 Sep, 2024 11:48Trending News
Base Metals
Congo collects samples for CMOC’s first cobalt shipment...
23 Dec, 2025 10:05
36 min read
Logistic Other
Oman and Türkiye target $5bn trade growth as industrial zone proposal takes shape...
23 Dec, 2025 09:55
35 min read