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Russia's golden bears rise up

Russia’s gold sector has gone from strength to strength in the past year, with Polyus and Polymetal two of the top performers on the London Stock Exchange. Though COVID-related uncertainty looms over all operational miners at present – with particular question marks over Polyus – high gold prices and a vast expanse of underexplored terrain should guarantee interest in Russia’s golden bears in the months and years ahead.

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Polyus is battling to contain a COVID-19 outbreak at its Olimpiada mine in Russia

While other key mining jurisdictions have benefited from weaker domestic currencies since markets tumbled mid-March, Russian players have been dining out on a weak ruble since the currency crashed in