Venus Garden Holdings is planning investment in the West Kytlim gold and platinum mine in Russia

MINEX Forum | November 20, 2017
img0 Eurasia Mining plc (LON:EUA) said Venus Garden Holdings Limited (VGH) is planning a direct equity investment in the West Kytlim gold and platinum mine in Russia. VGH – owned by Alexei Churakov, who has held positions at Goldman Sachs and Morgan Stanley – has subscribed £76,336 for 27,262,814 new ordinary shares of 0.1p each in the share capital of the ...

Initial reserve estimate confirms Nezhda viability – Polymetal

MINEX Forum | November 16, 2017
img0 LSE-listed gold and silver miner Polymetal on Monday published an initial ore reserve estimate for the Nezhdaninskoye (Nezhda) gold deposit, in Yakutia, reaffirming the project’s economic viability. Nezhda, which is the fourth largest gold deposit in Russia, is estimated to have an openpit ore reserve of 15.5-million tonnes with an average gold-equivalent (GE) grade of 4 g/t for two-million ounces of GE contained. Additional mineral resources are estimated at ...

Polyus shares to be included in MSCI Russia index

MINEX Forum | November 16, 2017
img0 Gold miner Polyus announced on Tuesday that Morgan Stanley Capital International (MSCI) would include the company’s shares in its Russia and emerging markets indices at the end of the month. Polyus CEO Pavel Grachev said that the inclusion in the MSCI Index has been a long-standing objective of the company and one of the components of its target to increase liquidity in the company’s equity instruments ...