StockMarketWire.com - Mining company Polymetal International has completed the previously announced sale of North Kaluga to North Kaluga Mining for $35.7m.

The company said the transaction completed on 23 June.

The total value of the deal amounts to $35.7m and comprises $10.7m in cash, which has already been paid, royalties with a fair value of $19.1m and repayment of all debt owed by the North Kaluga's license holder to Polymetal in the amount of $5.9m payable by 31 August 2020.




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