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Polymetal obtains controlling stake in noncore Veduga

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GOLD
Gold miner Polymetal International has obtained a controlling interest in the Veduga deposit in Russia’s Northern Yenisey belt, opening the door for “multiple strategic options” for the noncore asset. The miner has agreed to increase its stake in the Veduga deposit to 74.3% through the acquisition of a 31.7% stake in licence holder Amikan for $19.7-million worth of shares.
 
 
 
 
 

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