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The new vehicle will operate in a part of North-Western Province that was the site of a disorderly gold rush that began last year.

Bloomberg News | May 18, 2026 | 9:31 am

The 67.2% stake in UGC - one of Russia's top 10 gold miners - was valued at 140.43 billion roubles.

Reuters | May 18, 2026 | 8:32 am

The company also added major gold producer Newmont.

Reuters | May 18, 2026 | 8:09 am

The government revamped the gold purchase program in February, targeting up to 157 tons (15 months of import cover) by 2028.

Reuters | May 18, 2026 | 7:59 am

Gold price sinks to half-year low amid growing recession fears