Kinross sells portion of Asante Gold shares

Core Points - Kinross Gold Corporation sold 29,850,984 common shares of Asante Gold Corporation, representing approximately 4.2% of the outstanding shares and about 44.7% of Kinross's holdings in Asante [1] - The shares were sold at a price of C$1.55 per share, resulting in an aggregate sale price of C$46,269,025.20 [1] - After the sale, Kinross holds 36,927,650 shares and 5,000,000 warrants, with a convertible debenture convertible into shares at C$1.81 per share [1] - Kinross now owns approximately 5.2% of Asante's outstanding shares on a non-diluted basis and 13.2% on a partially diluted basis [1] Investment Strategy - The sale of shares was conducted in the ordinary course of investments in portfolio companies [2] - Kinross may consider future purchases or sales of Asante securities based on market conditions and other relevant factors [2] - Currently, Kinross has no specific plans regarding its investment in Asante [2] 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]