First Eagle Investment Management significantly increased its position in Kinross Gold Corp. during the second quarter of 2026, boosting its share count by nearly 80%. According to a quarterly 13F filing with the SEC, which reflects holdings as of June 30, 2026, the firm acquired an additional 5.69 million shares, bringing its total to 12.83 million. This disclosure is a delayed look at the portfolio and does not represent a current trading activity.
The value of First Eagle's investment in the gold producer was reported at over $303 million at the end of the second quarter. This move comes as Kinross has seen strong financial performance, with a significant increase in revenue driven by higher gold prices. The company also recently received a credit rating upgrade from S&P Global Ratings, citing improved cash flow and debt reduction.