#polymetalinternational

Polymetal International acquires 100% ownership of the high-grade Nezhda project

Polymetal International (POLY.L), the Russian senior gold producer, is now in a position to start the construction activities on its Nezhda mine by the end of this quarter as it has now completed the deal wherein it acquired full ownership of the project. The company had to acquire a final 82.3% stake from companies controlled/owned by Ivan Kulakov.

This didn’t come cheap, as an initial 7% was…