Kinross gains on sale of part of Asante Gold position

Shares of Canada-based gold miner Kinross Gold K.TO up 2.3% at C$34.27

Company sells part of its Asante Gold position for C$73 million ($52.80 million)

After the sale, Kinross remains an investor in Asante through convertible instruments that represent ~8.4% of the outstanding shares on a partially diluted basis

Company says the shares were sold on a private placement basis, subject to a hold period under applicable Canadian securities laws until December 13

Including session's moves, stock up ~151% YTD

($1 = 1.3826 Canadian dollars)