An update from Kinross Gold ( (TSE:K) ) is now available.
On February 28, 2025, Kinross Gold Corporation announced a strategic investment in Relevant Gold Corp. by acquiring 15,410,000 common shares for $4,623,000, increasing its ownership to approximately 19.9% of Relevant Gold’s issued and outstanding shares. This move, which is subject to customary conditions and expected to close in March 2025, reflects Kinross’s strategy to enhance its market position and influence within the gold mining sector. The investment signifies Kinross’s potential plans to further engage with Relevant Gold depending on market and economic conditions, although no immediate additional plans have been disclosed.
More about Kinross Gold
Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada. The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet. Kinross is listed on the Toronto Stock Exchange and the New York Stock Exchange.
YTD Price Performance: 32.03%
Average Trading Volume: 21,518,268
Technical Sentiment Signal: Sell
Current Market Cap: $15.11B
Find detailed analytics on K stock on TipRanks’ Stock Analysis page.