United Kingdom

Polymetal approves start of Nezhda gold project construction

Monday, 12 Nov 2018 

Nov 12 (Reuters) - Polymetal International PLC says::It has completed a feasibility study on the Nezhda gold project based on an updated ore reserve estimate reported in accordance with the JORC.Its board has approved the start of project construction.Pre-production capital expenditures are estimated at $234 million.First production is planned for Q4 2021 with a full ramp-up by Q2 2022.Nezhda will contribute to dividends per share in 2022. 

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