Russian gold miner Nordgold has stopped planning for an initial public offering (IPO) on the London Stock Exchange, just two weeks after announcing its intentions to sell a 25% stake to investors, including via a secondary listing in Moscow. Nordgold said on Tuesday it would ‘not...
Russia’s largest gold producer Polyus PJSC has revealed that its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves of the precious metal. CEO Pavel Grachev said that an audit of the deposit, located in the isolated Irkutsk region of Siberia, identified 40 million...
Russia is on track to surpass China as the world’s top producer of gold by the end of the decade, according to a new report by Fitch Solutions Country Risk & Industry Research. Despite some short-term disruptions caused by the COVID-19 pandemic, Russia will achieve average...
Global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms, according to a new Fitch Solutions report. “We forecast global gold production to increase from 106 million ounces (Moz) in 2020 to...