Kinross Corporation reveals plans for selling its shares in White Gold corporation
Kinross Gold Corporation Exits Its 12% Stake in White Gold Corp.
Kinross Gold Corporation, a Canadian-based senior gold mining company, has announced the sale of its entire 12% ownership stake in White Gold Corp. The transaction, which took place on July 25-26, 2025, saw Kinross dispose of 23,681,160 common shares at an average price of CAD 0.29 per share, generating approximately CAD 6.87 million in proceeds.
The sale was a strategic move by Kinross to exit a non-core investment position, aligning with its strategy of disciplined divestment to focus on its core assets and operations. This decision could have significant implications for White Gold Corp., with the exit of a major shareholder potentially affecting the company's shareholder base, stock liquidity, and governance dynamics.
With this sale, Kinross no longer holds any equity in White Gold Corp., reducing the number of large institutional shareholders and increasing the floating shares available for other investors. The shares were sold at an average sales price of $0.29, with an aggregate sale price of $6,869,905.51.
For investor relations-related queries, Kinross Gold Corporation can be contacted at [email protected] or by phone at 647-365-2854 (David Shaver, Senior Vice-President of Investor Relations & Communications). The company's head office is located at 25 York Street, 17th Floor, Toronto, Ontario, M5J 2V5.
A copy of the early warning report filed by Kinross in connection with the investment can be found on White Gold's profile on SEDAR+ at www.sedarplus.ca. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC). The company operates and has projects in the United States, Brazil, Mauritania, Chile, and Canada.
[1] GlobeNewswire, Inc. [2] Kinross Gold Corporation press release [3] Various financial news sources
- The significant news in the Canadian mining industry today involves Kinross Gold Corporation, which has exited its 12% stake in White Gold Corp.
- This sale may impact White Gold Corp.'s shareholder base, stock liquidity, and governance dynamics, as a major shareholder has been withdrawn.
- Investors seeking more information about Kinross Gold Corporation can reach out to their investor relations department, available at [email protected] or by phone at 647-365-2854.
- The media can follow the financial growth of Kinross Gold Corporation as they operate in Canada, the United States, Brazil, Mauritania, Chile, and maintain listings on both the Toronto Stock Exchange and the New York Stock Exchange.
