|Polyus Gold International - PLGL.l produced 1.5 million ounces of gold in 2011 and is a top 10 global player.|
The Company holds the world’s third largest gold reserves around 91 million ounces of proven and probable gold reserves underpinning the Polyus Gold growth profile (8% increase in gold production in 2011 to 2010)
On June 8, 2012 the company released NEWS
"Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, PGIL or the "Company"), the largest gold producer in Russia, today announces the entry into conditional agreements with respect to the sale of its assets in Kazakhstan and Kyrgyzstan to Altyngroup Holdings Korlátolt Felelősségű Társaság ("Altyngroup"), an entity beneficially owned by the Assaubayev family. The total consideration payable by Altyngroup to PGIL and its subsidiaries in the transaction amounts to US$ 385 million. "
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