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Polymetal offloads Amikan
Miner Polymetal announced yesterday that it had sold Amikan , which owns the Veduga gold deposit in the Krasnoyarsk region of the Russian Federation, to Polygon Gold. The price tag paid by the Canadian firm is $20m (£12.4m) in cash and 750 ordinary shares of Polygon.
“I am very pleased that Veduga, a non-core asset for Polymetal, has found a competent owner who is prepared to take this asset into production,” said Vitaly Nesis, of Polymetal. Polymetal said it would lend some technical and regulatory expertise to privately owned Polygon.