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Polymetal tightens grip on Veduga with VTB transaction

Veduga becoming a core asset for Russia-focused gold producer Polymetal.

Tom Hoskyns
Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

Polymetal will retain control of the high-grade refactory gold asset, with a 59.4% stake, and has a call option to acquire VTB's 40.6% stake following signing at a fixed implied rate of return to VTB....

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