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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (126904)	6/16/2022 9:46:00 PM
From: Goose94	Read Replies (1) of 202228

Kinross Gold (K-T) The company has closed its $340-million (U.S.) sale -- say what! -- of its Russian gold assets to the Highland Gold Mining group. Yes, this was to have been a $680-million (U.S.) transaction, but the Russian government would only approve the sale if the price did not exceed $340-million (U.S.). Kinross shrugged off the move and is undoubtedly -- or at lest it should be -- happy to be out of Russia, the land of immense resources and behemoth political challenges. Who is Highland Gold? Well, it is a Russian entity run by Vladislav Sviblov, a major shareholder, a company that applauds itself as "bringing Russia's gold to market." (And for half the price, thanks to government help.) Business Reporter

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