Russia’s largest gold producer, Polyus, announced four board resignations due to “…inability to execute their governance function given the market circumstances.” Chair Edward Dowling left. Sergei Nossoff will now serve as Polyus’s chair.
On Monday S&P Global Ratings downgraded the company’s credit to ’CCC-’ from ’BB+’, and placed the company on CreditWatch Negative.
Polyus is a top 5 gold producer globally.
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