CORRECTED-Russia's Polyus gets extra 5 pct stake in Sukhoi Log gold deposit

By Kitco News / March 12, 2019 / www.kitco.com / Article Link

(Removes erroneous reference to Polyus being a silver producer,paragraph 1)MOSCOW, March 12 (Reuters) - Russian gold producer Polyus has received a further 5 percent stake in the giantSukhoi Log gold deposit from its project partner Rostec inreturn for a 0.28 percent stake in Polyus shares, Polyus saidlate on Monday.The deal raises Polyus' stake in Sukhoi Log, one of thelargest untapped gold deposits in the world, to 63.4 percent.Rostec's stake falls to 36.6 percent.Polyus in January raised by 9 percent the estimated amountof mineral resources in the deposit to 63 million troy ounces ofgold. (Reporting by Anton Kolodyazhnyy and Andrey KuzminWriting by Tom BalmforthEditing by Edmund Blair and Jan Harvey)

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