Russian gold producer Polymetal International has sold its 100% stake in the Khakanja project in the Khabarovsk region to a group of unrelated private Russian buyers for $30 million, the company said on December 17. Under terms of the deal, $5 million will be payable in cash and $25 million in the form of assumed…
Russian gold producer Polymetal International has consolidated 100% the Nezhdaninskoye in gold ore deposit, after buying an 82.3% stake from companies owned by businessman Ivan Kulakov, Polymetal said in a report on November 29. The purchase encompassed two deals: the acquisition of 7% for $8 million in cash under a deal announced on July 17,…
Krasnoturyinsk-Polymetal LLC wants to become a resident of the priority development are to construct a factory to process several types of polymetalic ores in Krasnoturyinsk. The construction is expected to start in Q3 2019, and the factory will be commissioned in late 2020. Investments in the project are planned on the level of 3 billion…
Polymetal has started the seasonal activity suspension at the heap leaching factory in Magadan region. The operation of the factory lasted for a month longer this year. Thus, the northernmost heap leaching site of Russia increased gold output in January-September by 189% YoY, to 308 kg. The preparation for the factory conservation will take some…
The shares of Russia’s Polymetal International will be included in the MSCI Russia index on November 30 for the first time since their listing on the Moscow Exchange in June 2013, the company said in a statement. CEO Vitaly Nesis said, “I am proud that Polymetal has successfully met the criteria of MSCI Russia Index…
Polymetal International plc has sold its 100% share in the platinum project Svetlobor to a group of Russian independent buyers for $5.5 million. “The project does not meet our strategy. Still, we retain a considerable project in the platinum sphere – Viksha, a large deposit, which will in future be developed”, the group chief managing…
Russian gold producer Polymetal International has finished a feasibility study of the Nezhdaninskoye gold field under the JORC code, and expects commercial gold output from concentrate produced at the field to reach 155,000 ounces per year in the first 15 years of the field’s operation, the company said in a statement on November 12. Mineral…
Russian gold producer Polymetal International has agreed to sell the Kapan gold ore field in Armenia to Chaarat Gold, which mines gold in Kyrgyzstan, for $55 million, Polymetal said in a statement on October 30. “Polymetal International Plc has signed a legally binding agreement with Chaarat Gold Holdings Limited to sell the Kapan mine in…