Key Takeaways Kinross Gold sold 36.9M Asante Gold shares for gross proceeds of C$73.1M.KGC remains a supportive investor in Asante through convertible instruments.Kinross' shares have surged 153.7% in a year, outperforming its industry.Kinross Gold Corporation (KGC) announced the sale of 36,927,650 common shares in Asante Gold Corporation at C$1.98 per share, representing roughly 5.2% of the outstanding shares.The transaction, through a private placement, generated gross proceeds of approximately C$73.1 mil ...

Core Viewpoint - Newmont Corporation (NEM) and Kinross Gold Corporation (KGC) are positioned to benefit from soaring gold prices driven by the Federal Reserve's dovish stance and global trade tensions [1][2][3] Gold Market Overview - Gold prices have surged approximately 43% this year, reaching over $3,700 per ton for the first time, influenced by central bank purchases and geopolitical uncertainties [3] - Central banks globally are accumulating gold reserves due to risks associated with aggressive trade policies [2] Newmont Corporation (NEM) - Newmont is investing in growth projects such as the Ahafo North expansion in Ghana and the Cadia Panel Caves in Australia, aimed at increasing production capacity and extending mine life [5] - The acquisition of Newcrest Mining Limited has enhanced Newmont's portfolio, expected to generate $500 million in annual run-rate synergies [6] - Newmont's divestiture program is projected to yield $3 billion in after-tax cash proceeds, reinforcing its capital allocation strategy [8] - The company reported a liquidity position of $10.2 billion, with free cash flow increasing to $1.7 billion, and has returned approximately $2 billion to shareholders [9] - Newmont offers a dividend yield of 1.2% with a sustainable payout ratio of 20% [10] Kinross Gold Corporation (KGC) - Kinross has a strong production profile with key projects like Great Bear in Ontario and Round Mountain Phase X in Nevada, expected to enhance cash flow [12] - Tasiast and Paracatu are significant contributors to cash flow, with Tasiast being the lowest-cost asset [13] - Kinross ended Q2 2025 with liquidity of approximately $2.8 billion and reported a free cash flow increase of 87% year-over-year [14] - The company repaid $800 million of debt in 2024, improving its net debt position to around $100 million [15] - Kinross has a dividend yield of 0.5% with a payout ratio of 10% [15] Financial Performance and Valuation - Year-to-date, NEM stock has increased by 127.5%, while KGC stock has risen by 164.1%, outperforming the industry average of 117.7% [18] - KGC trades at a forward earnings multiple of 16.52, while NEM trades at 15.38, indicating a discount for Newmont [19][20] - The Zacks Consensus Estimate for NEM's 2025 sales and EPS indicates growth of 10.7% and 57.5%, respectively, while KGC's estimates imply growth of 27.8% and 108.8% [24][25] Investment Consideration - Both companies are well-positioned to capitalize on high gold prices, with strong financial health and development pipelines [27] - Newmont is viewed as a more attractive investment option due to its higher dividend yield and favorable valuation compared to Kinross [27]

Canada-based senior gold mining company Kinross Gold Corporation has sold a total of 36,927,650 common shares of Asante Gold Corporation. This sale represents approximately 5.2% of Asante's outstanding shares and accounts for 100% of the common shares previously held by Kinross. The shares were sold on a private placement basis and fetched C$73.11m. Each share was priced at C$1.98, excluding commission. Before the sale, Kinross owned around 5.2% of the outstanding shares and up to 13.2% on a partially d ...

Group 1 - Kinross Gold Corporation (NYSE: KGC) has shown a significant increase in stock price, rising approximately 53% since July, indicating a healthy and undervalued status [1] - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which enhances the quality of insights provided [2] - The focus of the analyst's research has been primarily on metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [2]

Group 1 - Kinross Gold Corporation (NYSE: KGC) has shown a significant increase in stock price, rising approximately 53% since July, indicating a healthy and undervalued status [1] - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which enhances the quality of insights provided [2] - The focus of the analyst's research has been on metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [2]

Kinross Gold (TSX: K, NYSE: KGC) said on Tuesday it has sold its entire shareholding in Asante Gold (TSXV: ASE) at a discount, without providing reasons for the divestment.According to an early warning report, Kinross sold approximately 36.93 million of Asante’s shares, representing 5.2% of those outstanding, at a price of C$1.80 per share. Asante opened the session at C$2.20 and later rose to a 52-week high of C$2.29, giving Asante a market capitalization of roughly C$1.6 billion ($1.16bn).Kinross had alre ...

(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 36,927,650 common shares (“Shares”) of Asante Gold Corporation (“Asante”) 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 ...

Core Viewpoint - Kinross Gold Corporation has sold 36,927,650 common shares of Asante Gold Corporation, representing approximately 5.2% of the outstanding shares, for a total of C$73,116,747 at a price of C$1.98 per share [1] Group 1: Sale Details - The shares were sold on a private placement basis and are subject to a hold period until December 13, 2025 [2] - Prior to the sale, Kinross held approximately 5.2% of the outstanding shares and up to 13.2% on a partially-diluted basis [1] - After the sale, Kinross retains convertible instruments representing approximately 8.4% of the outstanding shares on a partially diluted basis [1] Group 2: Future Intentions - Kinross may consider future purchases or sales of Asante securities depending on market conditions and other factors [2] - Currently, Kinross has no specific plans or intentions regarding its investment in Asante [2] Group 3: Company Information - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [4] - The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [4]

Group 1: Market Overview - The analysis covers the performance of Gold Spot in US Dollars, indicating fluctuations in the precious metal market [1] - Chevron Corp and Exxon Mobil Corp are highlighted for their significant roles in the energy sector, with a focus on their stock performance and market strategies [1] - Kinross Gold Corp is discussed in relation to its operational efficiency and production levels, reflecting trends in the gold mining industry [1] Group 2: Company-Specific Insights - Chevron Corp's recent financial results show a strong revenue increase, driven by higher oil prices and production levels [1] - Exxon Mobil Corp is noted for its strategic investments in renewable energy, positioning itself for future growth amid changing market dynamics [1] - Kinross Gold Corp's production costs are analyzed, revealing challenges in maintaining profitability in a volatile gold market [1]

Core Insights - Kinross Gold Corporation (KGC) has a robust production profile and a promising pipeline of exploration and development projects that are expected to enhance production and cash flow, delivering significant value [1] - Key development projects, including Great Bear in Ontario and Round Mountain Phase X in Nevada, are on track [1][2] Project Developments - KGC is advancing the Great Bear Advanced Exploration program with surface facilities construction underway and detailed engineering for key infrastructure progressing [2] - At Round Mountain Phase X, underground drilling confirmed strong grades in primary target zones during the second quarter [2] - Drilling at the Curlew basin continues to show high-grade intercepts, supporting high-margin production [3] - Progress is being made at the Lobo-Marte project in Chile, with studies supporting the Environmental Impact Assessment for this potentially long-life, low-cost mine [3] Financial Performance - KGC's strong pipeline of growth projects is expected to define its next era of production strength and profitability, positioning the company for low-cost, long-life production [4] - The company maintains solid financial health, allowing for disciplined capital spending and shareholder returns while supporting its key development pipeline [4] - KGC shares have surged 151.1% year to date, outperforming the Zacks Mining – Gold industry's rise of 112.5%, largely driven by a rally in gold prices [7][8] Earnings Estimates - The Zacks Consensus Estimate for KGC's earnings in 2025 and 2026 implies year-over-year increases of 108.8% and 6.1%, respectively, with EPS estimates trending higher over the past 60 days [9] Valuation Metrics - KGC is currently trading at a forward 12-month earnings multiple of 16.27, which is a modest 2.2% premium to the industry average of 15.92X, and carries a Value Score of B [10]