HGM to look for purchaser for the Taseev field for $50 million

The British Highland Gold Mining (HM, 32.6% belong to Millhouse of Roman Abramovich) looks for a purchaser for the Taseev field in the Zabaykalsky Krai; with the reducing gold price the company may earn $50 million and more, the Vedomosti writes.

One of the edition’s interlocutors says that Highland can’t find a purchaser. “The Taseev field is difficult, its development is unprofitable with the current prices,” – he assures. Another interlocutor confirms these words. The third one says that his company has started the procedure due diligence, “but hasn’t made a certain proposal”.

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