Polymetal buys 700,000 ounce of gold at Maminskoye deposit

Polymetal International Plc. announces that its 100% subsidiary Polymetal JSC has closed agreement with Vitalex Investments Ltd and Arrowline Investments Ltd binding itself to purchase 100% in Maminskaya Ore Mining Company CJSC (MGK Company)holding the license for production and exploration at the Maminskoye golden ore field, valid until 2023. The price of MGK is $95.5 million. One of the sellers and the majority owner of MGK is the former chief of Highland Gold I. Kulakov. In November 2012, MGK announced that Mr.

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