Polymetal buys a stake in gold-bearing deposit in Armenia

Polymetal International plc has acquired a 25% stake in the Lichkvaz deposit, located near Meghri, in the Syunik region, in the south of Armenia. According to the press centre of the company, Polymetal agreed order of increasing its stake in the asset to 50%.

"I am pleased to announce the decision to buy a stake in the Lichkvaz deposit, our first asset in Armenia. I hope that this project with a high content will be more by results of geological exploration and will create an optimal springboard for our future development in the new region,"- said general director of Polymetal Vitaly Nesis.