Polymetal considering disposing of its Russian assets
The Amursk POX hub consists of two high-grade refractory gold deposits, Albazino and Mayskoye, and three processing facilities. (Image courtesy of Polymetal.)
Gold and silver producer Polymetal is considering disposing of its Russian assets in a shift to focus on its operations in Kazakhstan, the company said on Tuesday.
The potential sale would be part of the firm’s broader strategy to “de-risk its ongoing operations,” the company said in a statement.
The miner also hoped offloading its Russian assets would shore-up Polymetal’s footing on global capital markets, allowing it to re-enter equity indices that it was ejected from in the wake of Russia’s invasion of Ukraine, the company said.
(Editing by David Evans)
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