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
19,285.56
11:20 19/04/24
n/a
n/a
FTSE 350
4,307.77
11:20 19/04/24
n/a
n/a
FTSE All-Share
4,264.11
11:20 19/04/24
n/a
n/a
Mining
10,698.37
11:15 19/04/24
0.34%
36.19
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.