The proposed transaction, the company said, is a step to transform Silver Elephant to a pure silver mining and exploration company by monetizing non-core assets.

The question of what happens to Russia’s metal exports is of vast consequence to global markets -- it’s a key supplier of palladium, nickel, aluminum, steel and copper.

Inflation looks set to remain elevated, which could continue to support the gold price, analysts told Reuters.

Russian miners are considering direct exports, and both producers and lenders are exploring sales in Asia and the Middle East.

Russian gold’s pariah status underlines the contradictions in raw materials markets toward Moscow’s war.

LME copper inventories rose by 10,850 tonnes, or 13%, in the past three days.

The planned ramp-up to a rate of 65 A320-family narrow-bodies per month by mid-2023 is the number one priority for the group.

Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets.