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Kinross announces sale of shares of White Gold

1. Kinross sold 23,681,160 shares of White Gold Corp. 2. Sale represents approximately 12% of White Gold's outstanding shares. 3. Kinross received $6,869,905 from this transaction. 4. The shares were sold at an average price of $0.29. 5. Kinross focuses on operational excellence and disciplined growth.

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Why Neutral?

The sale could signal a strategic shift but lacks immediate market impact, similar to past asset liquidations by Kinross that had little effect on stock prices.

How important is it?

The share sale reflects Kinross’s strategic moves, but immediate financial benefits are minimal.

Why Short Term?

The immediate financial impact of the sale is realized, but its long-term implications depend on future reinvestment or operational initiatives.

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WGOAUYNEM
July 25, 2025 17:25 ET  | Source: Kinross Gold Corporation (All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 23,681,160 common shares of White Gold Corp. (“White Gold”) representing all of the common shares held by Kinross. The shares represent approximately 12% of the outstanding White Gold common shares. The shares were sold at an average sales price of $0.29 (excluding commission), representing an aggregate sale price of $6,869,905.51. A copy of the early warning report filed by Kinross in connection with the investment will be available on White Gold’s profile on SEDAR+ at www.sedarplus.ca. Alternatively, you may contact Luke Crosby, Senior Vice President, General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. White Gold’s head office is located at 82 Richmond Street East, Toronto, Ontario, M5C 1P1. About Kinross Gold Corporation Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC). Media Contact Samantha SheffieldDirector, Corporate Communicationsphone: 416-365-3034samantha.sheffield@kinross.com Investor Relations ContactDavid ShaverSenior Vice-President, Investor Relations & Communicationsphone: 647-365-2854investorrelations@kinross.com Source: Kinross Gold Corporation

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