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Stock impact report

Highland Gold Owner Weighs Buying Polymetal Assets [BNN Bloomberg (Canada)]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Sviblov's representatives have already carried out a due diligence study of some assets, according to the newspaper. The tycoon emerged as mining magnate in 2020 after buying a 40% stake in Highland Gold from billionaire Roman Abramovich and other investors in a deal that valued the Russia-focused miner at about $1.4 billion. Last year, he agreed to buy Kinross Gold Corp.'s Russian assets for $680 million as the Canadian miner sought to exit Russia in the wake of the invasion of Ukraine. A spokesperson for Highland Gold declined to comment to Bloomberg on Saturday. A representative for Polymetal didn't immediately respond to a request for comment. Polymetal, Russia's second biggest gold-miner, is studying moving its domicile from Jersey to the capital of Kazakhstan, where it also has assets, as it seeks to base itself in a jurisdiction deemed to be “friendly” by Russia. READ: Russia's Second-Biggest Gold Miner May Move to Kazakhstan Operations in Russia account for about 70 Show less Read more
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