Kinross Gold Corporation

Kinross Gold Corporation in its US$225 million sale of Chirano mine to Asante Gold Corporation


Kinross Gold Corporation


US$225 million


Mergers and Acquisitions

Date Closed


Mining and Natural Resources

Lead Office



On April 25, 2022, Kinross Gold Corporation announced it had entered into an agreement with Asante Gold Corporation to sell its 90% interest in the Chirano mine in Ghana for a total consideration of US$225 million in cash and shares. Upon closing of the transaction, Kinross will receive US$115 million in cash as well as a number of Asante common shares having a value of US$50 million based on the 30-day volume-weighted average price of Asante common shares prior to closing. Kinross will also receive a total deferred payment of US$60 million in cash, with 50% payable on the first anniversary of closing and the other 50% payable on the second anniversary of closing.

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana.

Osler, Hoskin & Harcourt LLP advised Kinross Gold Corporation with a team consisting of James Brown, Michael Sproule (Corporate), Patrick Marley, Emily Gilmour (Tax), and Shuli Rodal (Regulatory).