Video: Wheaton Precious Metals’ Randy Smallwood on ‘most active deal-making year’
Wheaton is celebrating one of its most active deal-making years, clinching eight transactions with over $1 billion in commitments.
Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.
The deal involves Polymetal International selling its Russian business to Mangazeya Plus – part of businessman Sergey Yanchukov’s Mangazeya Mining – for around $3.7 billion, of which $2.2 billion is the Russian operation’s net debt.
(Editing by Alex Richardson)
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