Kinross Gold / K, KGC (TSE, NYS)

  • Kinross sells Chirano gold mine in Ghana to Asante in $225m deal


    https://www.mining.com/kinross…a-to-asante-in-225m-deal/


    Kinross verkauft seinen 90%-Anteil an der Chirano-Goldmine in Ghana an Asante Gold für 225 Mio. $ (Cash + Aktien). Die Tagebaumine produzierte 2021 rund 155.000 Unzen Gold.


    "Glück ist, was passiert, wenn Vorbereitung auf Gelegenheit trifft."
    Lucius Annaeus Seneca (1 - 65 n. Chr.)

    • Offizieller Beitrag

    Kinross steht in der Watchlist aufgrund der Übernahme von Great Bear, worüber ich immer noch schmolle. ;)


    Der Chart sieht wenig freundlich aus und erreicht knapp ein 2 1/2 J Tief. Gegenüber Peers ist K weiterhin Underperformer.


    Die den Umtausch ausführten, wurden bislang eher benachteiligt. ;( Mir fällt es jedenfalls schwer, ob ich wieder in die alte Kinross + Bärchen einsteige...


    Grüsse
    Edel

  • Barrick CEO Bristow rules out Kinross acquisition, says many of its mines are ‘marginal’

    https://www.theglobeandmail.co…0struggling%20competitor.
    Mark Bristow, the chief executive officer of Barrick Gold Corp., says he has no intention of buying Kinross Gold Corp., putting an end to speculation that the big Canadian gold miner was poised to pounce on its struggling competitor.
    Over the past few months, analysts have speculated that Toronto-based Barrick was in prime position to scoop up Kinross at a bargain. Shares of Kinross, also based in Toronto, have taken a beating since late last year, after the company unveiled the acquisition of Great Bear Resources Ltd., and after it was forced to sell its Russian mines in a hurry at a discount after the invasion of Ukraine.

  • Die Verluste aus dem Verkauf der russischen Assets sind seit heute nun definitiv, und eigentlich noch viel höher - es gibt nur noch 340 Mio USD Cash. Der Trosttropfen: Es gibt das ganze Cash sofort auf die Hand und damit kein zeitliches Risiko mehr. Russland hat nun zugestimmt...



    https://money.tmx.com/en/quote…es_sale_of_Russian_assets


    TORONTO, June 15, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has completed the sale of 100% of its Russian assets to the Highland Gold Mining group of companies for total consideration of $340 million in cash. Kinross has received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing.


    As disclosed on April 5, 2022, the previously agreed total consideration for the transaction was $680 million, which included a payment of $100 million upon closing, with the remaining $580 million scheduled to be received in annual payments from 2023 through to 2027. The transaction consideration was adjusted by the parties following review by the recently formed Russian Sub-commission on the Control of Foreign Investments, which approved this transaction for a purchase price not exceeding $340 million. With the approval and completion of the sale, Kinross has divested all of its interests in Russia and has no further obligations or liabilities in the country.


    “After the completed divestment of our Russian business, Kinross’ rebalanced portfolio maintains a substantial production outlook anchored by its two tier one assets – Tasiast and Paracatu – as well as a strong portfolio of mines in the Americas, a growing business in Chile, and the large, world-class Great Bear project in Canada,” said J. Paul Rollinson, Kinross President and CEO. “We would like to thank our Russian workforce for their dedication, professionalism and hard work. Their ongoing commitment to safety and the environment, especially during the transition of our business in the country, has been commendable.”



    :thumbup: dafür, daß es doch wider Erwarten geklappt hat...
    :thumbdown: dafür, daß es überhaupt dazu kommen mußte...

  • ich habe von beiden Unternehmen Aktien...ich glaube für beide ist es sinnvoller. Ich habe das Gefühl, dass manche nur einkaufen wollen, um einfach nur größer zu sein oder evtl. selber nicht zum Opfer zu werden. Wir brauchen einen POG über 2000$ damit bei den Minen endlich was passiert.

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