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Kinross (KGC) Converts $80M Asante Debenture Into Common Shares

Kinross Gold Corporation (NYSE:KGC) is one of the top stocks to buy as gold rallies. On October 8, Asante Gold Corporation announced that Kinross Gold Corporation, which holds a secured convertible debenture issued on August 12, 2025, has elected to convert the full principal and accrued interest into common shares of Asante. The conversion amounts to around 80millionthepricewassetatC80 million – the price was set at C1.81 per share ($1.30). As a result, Asante will issue 61,735,867 shares to Kinross. With this conversion, all ob ...