$140m EBRD loan for Polymetal’s Kyzyl gold mine

June 22, 2017

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Precious metals miner Polymetal has secured a $140-million loan to finance the remaining capital expenditure for its Kyzyl project, paving the way for operations at the 300 000 oz/y Kazakhstan gold mine to start in the third quarter of 2018.
The loan agreement with the European Bank of Reconstruction and Development (EBRD) has a five-year tenor and will mature in December 2022.

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