Russia-based JSC Polyus Krasnoyarsk has signed additional option agreements with RT Business Development to earn 100% interest of SL Gold and the Sukhoi Log deposit.

Under the current agreement, Polyus Krasnoyarsk will acquire an additional 25.1% interest in the Sukhoi Log deposit licence for $145.9m.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Last December, the company signed five-year cash option agreements with RT to acquire a 23.9% stake in SL Gold for $139m. It exercised the first option in May to increasing its stake in SL Gold to 54.6%.

In accordance to the latest agreement, the company will make the payment in shares over the next five years in five instalments. Its existing treasury shares will be used to make the first instalment, which is the equivalent of a 3.8% stake in SL Gold for $21.9m.

"Under the current agreement, Polyus Krasnoyarsk will acquire an additional 25.1% interest in the Sukhoi Log deposit licence for $145.9m."

The remaining four instalments will be completed between 2019 and 2022.

RT is a wholly owned subsidiary of Russian company Rostec, while Polyus Krasnoyarsk is a subsidiary of gold producer Polyus PJSC.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The Sukhoi Log deposit is said to contain gold reserves of 930.3Mt of ore, grading 2.1g/t gold for 62.8Moz of contained gold.


Image: Sukhoi Log deposit. Photo: courtesy of Rostec.

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now