October 24, 2019 / 9:58 AM / a month ago

Polymetal may recommend special dividend if gold prices hold up

MOSCOW, Oct 24 (Reuters) - Russia’s Polymetal may recommend paying a special dividend if global gold prices remain around their current level at the end of the year, CEO Vitaly Nesis told Reuters on Thursday.

Polymetal, one of the largest gold and silver producers in Russia, is in talks with European banks on potential green project financing, the CEO said, adding that a deal could be reached in the second half of 2020. (Reporting by Anastasia Lyrchikova and Polina Devitt; writing by Polina Devitt; editing by Jason Neely)

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