StockMarketWire.com - Polymetal International said it had agreed to sell its 50% stake in the Dolinnoye gold property in Kazakhstan to JSC AK Altynalmas.

Dolfinflip owned the other half of the property and had also agreed to sell its 50% share to the same buyer.

The consideration receivable by each of the sellers would be equal to 50% of $33.5m, subject to 'certain working capital adjustments', Polymetal said.

The transaction was expected to close in the second quarter of 2018.




Story provided by StockMarketWire.com