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- Kinross Gold (NYSE:KGC) shares gained 3% premarket after the company received TSX approval to amend its normal course issuer bid as part of its enhanced share buyback program.
- The amendment increases the maximum number of common shares that may be repurchased from 65,002,277 to 114,047,070 of its common shares, representing 10% of the company’s public float as at July 27, 2022.
- Purchases under the bid began on Aug 3, 2022 and will end no later than Aug 2, 2023.
- The gold miner repurchased for cancellation an aggregate of 14,657,908 common shares since Aug 3, 2022 through Sep 27, 2022.