MOSCOW - Russian gold and silver producer Polyus has received a further 5% stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28% stake in Polyus shares, Polyus said late on Monday.
The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4%. Rostec's stake falls to 36.6%.
Polyus in January raised by 9% the estimated amount of mineral resources in the deposit to 63-million troy ounces of gold.