Kinross Gold Inks Agreement to Acquire Shares of Relevant Gold

Acquisition Details - Kinross Gold Corporation (KGC) has signed a deal to acquire 15,410,000 common shares of Relevant Gold Corp. at a price of 30 Canadian cents per share, totaling C $4,623,000 [1] - After the acquisition, Kinross will hold approximately 19.9% of Relevant Gold's total outstanding shares on a non-diluted basis and about 21.8% on a partially diluted basis, assuming the exercise of existing warrants [2] Strategic Intent - The acquisition is part of a strategic investment in Relevant Gold, with Kinross having no specific plans or intentions regarding its investment at present, but may develop new plans based on market conditions and other factors [4] Ownership Restrictions - Kinross has agreed not to exercise its warrants if it would increase its ownership to over 20% without obtaining approval from disinterested shareholders for the creation of a new control person [3] Financial Performance - Kinross shares have increased by 99.6% over the past year, outperforming the industry average rise of 38.2% [5] Production and Cost Expectations - For 2025, Kinross expects to produce 2 million gold equivalent ounces with a production cost of sales of$ 1,120 per gold equivalent ounce and an all-in-sustaining cost of $1,500 per gold equivalent ounce [6]