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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 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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