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 1.81 per share ($1.30). As a result, Asante will issue 61,735,867 shares to Kinross. With this conversion, all ob ...