Exploration work at the Lichkvaz gold mine in Armenia continues.
Edited by Rhod Mackenzie / 2015-10-22 08:23:03
Armenia Armenia Metals and Mining Finance Metals and mining Russia Russia mineral extraction Shares Russia Metals and Mining Polymetal Gold
Russian mining company Polymetal International plc continues to conduct exploration work at the Lichkvaz gold mine in Armenia. According to the press service of the company the estimate of reserves is not yet made, and therefore, the decision to increase the share in the company to 50% has not been made yet.
Note that in April 2015 Polymetal, acquiring 25% share in the company that owns the license for exploration at the Lichkvaz field for 429,260 of its own shares in the amount of 3.5 million dollars, has undertaken the exploration and technology research financing.
