trending Market Intelligence /marketintelligence/en/news-insights/trending/9f0idDwqigdZFv8CBhGjIg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Kinross sells slice of Lundin Gold shareholdings for C$30.8M

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Kinross sells slice of Lundin Gold shareholdings for C$30.8M

As part of its portfolio management strategy, Kinross Gold Corp. said Sept. 26 that it sold 5.5 million common shares of Lundin Gold Inc. to GMP Securities LP for C$30.8 million.

GMP is purchasing the shares, which represent about 4.6% of Lundin Gold's issued share capital, on a private placement basis priced at C$5.60 apiece.

Upon closing of the sale, Kinross will hold 20,656,250 shares, representing approximately 17.4% of the company's issued and outstanding shares.

Closing is subject to customary closing conditions and is expected to occur on or about Oct. 5.