EURASIA MINING

Eurasia Mining will divest its West Kytlim mining operations in Russia because nationalization risks and high operating taxes burden the operation. West Kytlim accounts for only 0.3% of reserves and has historically run at a loss; a competitive process produced a base valuation of USD 251 million, of which only 5% is payable under Russian tax laws. The board recommends the sale; a general meeting to vote on the proposal is convened for 15 January 2026. An investor webinar will be held on 30 December. » Más en de.investing.com

Eurasia Mining has significantly increased the capacity of its West-Kytlim mine for platinum group metals and gold by commissioning six new processing plants and expanding its machinery fleet. The company aims for sustainable production costs of 300 to 400 US dollars per troy ounce and is implementing these measures as part of its strategy to withdraw from Russia. Additionally, a secondary listing in Astana has been introduced to facilitate trading for investors from BRICS countries. » Más en de.investing.com

Eurasia Mining has started trading its shares on the Astana International Exchange (AIX) in Kazakhstan. The secondary listing aims to increase liquidity and make it easier for investors from the Global South to access the shares, without issuing new stock. The shares are fully fungible between the London Stock Exchange and AIX, and are traded in British pounds. » Más en de.investing.com