Polymetal has bought the Northern-Kaluginskoye deposit in the Sverdlovsk region
Edited by Rhod Mackenzie / 2014-09-12 09:33:46
Polymetal has bought the Northern-Kaluginskoye deposit in the Sverdlovsk region. The company used to hold 49.99% in the enterprise. Polymetal bound itself with the debt liabilities of $20 million together with the purchase. They are going to continue exploration of the deposit in 2014 – 2015, and the plan of the work will be elaborated in 2016. Probable reserves of the deposit are 179,000 ounce or 5.5 tons in gold equivalent as on July 1 2014. The object bears 70,000 ounce of gold and 1.056 million ounce of silver, and few copper and zinc reserves.
