GOLD RUSH

Less than two years after delisting from the London Stock Exchange, Russian gold producer Polyus has returned. Listed in Moscow with a market capitalisation of $9.9-billion, Polyus is prepared to sell 7% of its equity, which follows China’s Fosun Group agreed to acquire 15% of the company. CEO Pavel Grachev, above, sees Polyus as having the opportunity to deliver good growth, which he envisages will take it from being the world’s 8th largest gold producer to the number four spot 2019. The offering, according to a Financial Times’ report, provides an opportunity for investors to dip into a low-cost and fast growing asset that is guiding gold production of 2.8-million ounces in 2019.