Chaarat Gold in talks to buy Armenian mine from Russia’s Polymetal

MINEX Forum | October 29, 2018 | Views: 83 | Source: Financial Times
Chaarat Gold, the Aim-listed gold explorer, is in talks to buy the Kapan gold mine in Armenia from Russia’s Polymetal, in its latest effort to expand through acquisitions. The mine, which Polymetal acquired in 2016, produced 50,000 ounces of gold last year, making a profit of $20m before taxes. Chaarat, which is based in Kyrgyzstan, ...

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