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The assets, previously part of Polymetal's Omolon hub, included low grade ore stockpiles as well as a number of mining and exploration licenses for deposits where mining activities stopped in 2018.
The NSR is payable if the gold price exceeds US$1,500/oz and is capped at US$50 million. Should the gold price average in excess of US$1,600/oz in 2022, Polymetal said the buyer would have to compensate for any exchange rate movements from January 30 2020 to the end of December 2022.
London-based Numis Securities said it viewed the sale as "non-material" for the company, "but nevertheless a good sign that the company has continued to sell off non-core assets and proactively manage its portfolio".
