By Ian Walker

Polyus PJSC said Wednesday that it is buying the remaining 22% of SL Gold Limited Liability Company, holder of the Sukhoi Log gold deposit license, for $128.2 million in cash.

The gold producer said in April that the indicated and inferred mineral resources at Sukhoi log was estimated at 63 million ounces. It plans to publish a maiden estimate of ore reserves later this year.

Write to Ian Walker at ian.walker@wsj.com