Reported about 10 hours ago
Kinross Gold has sold 29,850,984 shares of Asante Gold, representing approximately 4.2% of the company's outstanding shares and about 44.7% of Kinross's holdings in Asante, for a total of C$46.2 million. Following the sale, Kinross now holds around 5.2% of Asante's shares on a non-diluted basis, with potential increase to 13.2% on a partially diluted basis due to convertible securities. The transaction aligns with Kinross's ongoing portfolio management strategy.
Source: YAHOO