News Roundup — High River talks with Russians

A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.

The company being acquired is an established gold producer, with 3.2 million oz. in its proven and probable reserves. Its 1994 production was 45,000 oz. High River expects the agreement to be concluded by mid-December.