Euro Pacific Asset Management, LLC, disclosed in an October 14, 2025 SEC filing that it sold 156,001 shares of Kinross Gold Corporation (KGC) during Q3 2025, an estimated $3.0 million transaction. This reduction comes as KGC's stock has surged 158.7% over the past year, significantly outperforming the S&P 500. Despite the sale, the fund retains 776,378 shares, which still constitutes 2.02% of its 13F reportable assets and ranks KGC as its 16th largest holding.
Euro Pacific Asset Management, LLC, disclosed a sale of 156,001 Kinross Gold Corporation (KGC) shares, an estimated $3.0 million transaction, in its Q3 2025 SEC filing. This partial divestment follows KGC's exceptional stock performance, which saw a 158.7% increase year-over-year and a 560% surge over the past three years, significantly outperforming the S&P 500. The strong appreciation is primarily attributed to gold prices more than doubling over the same period. Kinross Gold has demonstrated robust operational performance, reporting record free cash flow of $646.6 million in Q2 2025. Margins per ounce also rocketed 68% year-over-year to $2,204, supported by elevated gold prices. The company anticipates producing approximately 2.0 million ounces in 2025 at an all-in sustaining cost of $1,500 per ounce. Despite the share reduction, Kinross Gold remains a material position for Euro Pacific, constituting 2.02% of its 13F reportable assets and ranking as its 16th largest holding. This suggests the fund's move may be strategic profit-taking or portfolio rebalancing rather than a bearish signal. Investors should monitor KGC's Q3 2025 results, expected November 4, 2025, for further insights into its financial health and future guidance.
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