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Polymetal ups stake in ‘perfect fit’ Nezhda deposit

Creamer Media Senior Researcher and Deputy Editor Online
Encouraged by the recently published resource estimate for the Nezhdaninskoye gold deposit, in Yakutia, Russia, LSE-listed Polymetal has decided to increase its shareholding in the joint venture (JV) project to 24.7%, with an option to acquire the remaining stake. A new shareholder agreement has been negotiated, under which Polymetal will acquire an additional 7% share from its partner, Ivan Kulakov, for $8-million, which increases its interest to 24.7%.

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