What To Know: Following the transaction, Kinross will hold 19.9% of Relevant Gold's outstanding shares, up from its previous 6.8% stake. The company also owns 2.55 million share purchase warrants, which, if exercised, would increase its ownership to 21.8% on a partially diluted basis.

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However, Kinross has committed not to exercise the warrants if doing so would push its stake above 20% without shareholder approval.

What Else: Per a press release, the investment is part of Kinross's broader strategic interest in Relevant Gold, though it has no immediate plans for further transactions.

Kinross says future actions will depend on market and business conditions. The deal, pending customary conditions, is expected to close in March 2025.

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How To Buy KGC Stock

By now you're likely curious about how to participate in the market for Kinross Gold – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Kinross Gold, which is trading at $11.0 as of publishing time, $100 would buy you 9.09 shares of stock.