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Polyus gets extra 5% stake in Sukhoi Log gold deposit

12th March 2019

By: Reuters

  

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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.

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Edited by Reuters

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