Polyus Gold's exploration assets sale on hold

Polyus Gold's plan to spin-off its geological exploration assets was put on hold because of a shareholder disagreement, the chief executive of Russia's biggest gold producer said on Wednesday.

Evgueni Ivanov, CEO and general director of Polyus (PLZL.MM: Quote, Profile, Research, Stock Buzz) (PLZLq.L: Quote, Profile, Research, Stock Buzz), told Reuters in an interview during the Denver Gold Forum that the company would not be interested in buying gold reserves when it comes to growth as Polyus already owned substantial reserves.