SCHEDULE: BlackRock Reports 4.9% Stake in Kinross Gold Corp.
Beneficial Ownership Report
BlackRock Portfolio Management LLC has reported a 4.9% beneficial ownership stake in Kinross Gold Corp. as of December 31, 2025.
Summary
- BlackRock Portfolio Management LLC, a Delaware-organized entity, beneficially owns 59,144,670 shares of Kinross Gold Corp. common stock.
- This ownership represents 4.9% of the total class of securities.
- The reporting entity holds sole voting power over 55,652,565 shares and sole dispositive power over all 59,144,670 shares.
- No shared voting or dispositive power is reported.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Kinross Gold Corp.
- Various persons have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds five percent of the total outstanding common shares.
Sentiment
Score: 5
Explanation: The filing is a routine beneficial ownership report (Schedule 13G Amendment No. 2) and does not contain information that would typically alter sentiment positively or negatively. It is a factual disclosure of an existing passive investment.
Positives
- The filing indicates continued institutional confidence in Kinross Gold Corp. through BlackRock's significant, albeit below 5%, ownership stake.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding Kinross Gold Corp.'s future performance or BlackRock's future investment intentions beyond the current ownership status.
Industry Context
This filing reflects a routine disclosure by a major institutional asset manager, BlackRock, regarding its passive investment in a publicly traded gold mining company, Kinross Gold Corp. Such filings are common and demonstrate the ongoing portfolio management activities of large investment firms within the commodities sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Disclosure | BlackRock Portfolio Management LLC certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Kinross Gold Corp. | 12/31/2025 | Reinforces the passive nature of BlackRock's investment, indicating no immediate intent to engage in corporate governance changes or activist endeavors. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception of stability and institutional interest.
- Management: Confirms a large, passive institutional investor, which typically implies less pressure for immediate strategic changes compared to an activist investor.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Execution date of the Power of Attorney by BlackRock Portfolio Management LLC. |
| 12/31/2025 | Date of the event which required the filing of this statement (beneficial ownership snapshot). |
| 01/21/2026 | Signature date of the Schedule 13G filing by BlackRock Portfolio Management LLC. |
Keywords
Kinross Gold Corp, BlackRock, Gold Mining, Institutional Ownership, Beneficial Ownership, Common Stock, SEC Filing, Investment Management
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