Polyus: Lowest Cost, Highest Growth

MINEX Forum | August 9, 2018
img0 Summary Polyus is Russia’s largest gold producer with a vast reserve base and ambitious growth plans. The company has the highest dividend yield among global gold companies. Though I think Polyus is a good investment opportunity, be aware of geopolitical and company-related risks. I think that Polyus (OTCPK:OPYGY) is an extremely undervalued company with strong ...

Russia’s Nornickel says Q2 nickel output flat y/y

MINEX Forum | July 31, 2018
img0 Russia’s Norilsk Nickel (Nornickel) said on Tuesday its consolidated nickel production was at 49,460 tonnes in the second quarter of 2018, broadly flat year-on-year. Nornickel, one of the world’s largest nickel and palladium producers, also said its palladium production totalled 813,000 troy ounces, up 4 percent year-on-year. Platinum output rose 3.7 percent to 197,000 troy ...

Russian scientists discover new mineral

MINEX Forum | July 31, 2018
img0 An iron meteorite that was found in 2016 in Buryatia, southern Russia, provided the keys for the discovery of a new mineral called ‘uakitite,’ which is associated with sulfides, schreibersite and magnetite. The discovery was made by researchers from the Ural Federal University, Novosibirsk State University and the Geological Institute at the Siberian Branch of the ...

Mundoro and Freeport Sign Earn-In Agreement for Exploration of Two Serbian Timok Licenses

MINEX Forum | July 30, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”) announces it has entered into an earn-in agreement (“Agreement”) with Freeport-McMoRan Exploration Corporation (“Freeport”), in which Mundoro has granted to Freeport an option to earn-in to Mundoro’s Savinac and Bacevica exploration licenses (the “Freeport-Mundoro JV Project”) located within the southern portion of the Timok Magmatic ...