Russian sukhoi log gold mine to yield first gold in 2026: Bmo Capital analysts

摘要

London—Significant spending on Sukhoi Log gold mine in Russia’s Eastern Siberia will start around 2023, with first production expected in 2026, analysts from BMO Capital Markets said Tuesday. This timeline presents an example of gold industry capex being deferred despite strong prices and profit margins as key producers look to increase shareholder return, the analysts said in a report.