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Transfer of 49% stake will resolve all Canadian miner’s outstanding debt with its joint-venture partner.
Miner reports earnings of $600,000 compared to a deficit of $11.7 million in the first half of 2025.
The initiative begins in March 2027, aiming to give companies in Smolensk and Yakutia access to higher-quality rough.
Figure up 18% year on year to $31.3 million in second quarter.
Miner posts deficit of $129.7 million in first half.
Any money assets yield will go toward repaying creditors.
Seller hopes to finalize deal by year’s end.
Company sale “advancing,” says Anglo American.
High-quality emerald production offset weak grades at ruby mine.

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