Polymetal to sell stake in Kazakh Dolinnye gold property
Polymetal International
215.00p
16:35 31/07/23
0.00%
0.00p
Polymetal International said it had agreed to sell its 50% stake in the Dolinnoye gold property in Kazakhstan to local miner Altynalmas.
FTSE 250
20,845.12
16:39 23/09/24
n/a
n/a
FTSE 350
4,558.45
16:49 23/09/24
n/a
n/a
FTSE All-Share
4,515.00
17:04 23/09/24
n/a
n/a
Mining
11,749.13
16:49 23/09/24
2.14%
245.99
Polymetal's venture partner Dolfinflip is also selling its 50% stake. The pair will collect $33.5m, subject to working capital adjustments, the company added.
The transaction is expected to close in the second quarter of this year.