Severstal Unit Ups Stake in High River Gold Mines
Financial Post reported that OAO Severstal's (MCX:CHMF) purchase of 1% of High River Gold Mines (TSE:HRG) caused High River's shares to drop.
Financial Post reported that OAO Severstal's (MCX:CHMF) purchase of 1% of High River Gold Mines (TSE:HRG) caused High River's shares to drop.
Russia has the third most extensive gold resources in the world and was the fifth largest gold producer in 2009. The total numbers of exploration enterprises are also considerably under represented by junior gold companies, compared with activity in other mining jurisdictions.
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