StockMarketWire.com - Polymetal International sold the Khakanja gold and silver mine in Russia to a group of local buyers for $30m.

The company said the deal advanced its strategy of selling smaller short-lived assets.

It would book a loss on the disposal of around $15m based on the carrying value of the Khakanja operations as at 30 November.

The assets sold comprised a processing plant, other related infrastructure and the mine's old stockpiles.




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