Nov. 25 (Bloomberg) -- Maxim Finsky, the former deputy chief of OAO GMK Norilsk Nickel, said he plants to buy as much as 40 percent of U.S. gold producer Century Mining Corp. and make acquisitions to raise output to 300,000 ounces a year.

“With further acquisitions the goal is to form a mid-tier gold company with annual production of 300,000 ounces,” Finsky said yesterday in a telephone interview.

Century, which is based in Blaine, Washington, has two mining projects. Lamaque in Canada and San Juan in Peru are scheduled to produce more than 70,000 ounces of gold next year.

Finsky, 43, is also the head of Russian billionaire Mikhail Prokhorov’s mining company Intergeo and is a board member at OAO Polyus Gold, the country’s largest producer of the metal. Finsky doesn’t plan to consolidate his personal projects with Intergeo or Polyus, he said.

Century said yesterday it approved the sale of C$21million ($20 million) of shares. Kirkland Intertrade Corp., whose beneficial owner is Finsky, would be among the buyers, Century said last month.

Century was unchanged at 19.5 Canadian cents as of 11:11 a.m. in Toronto trading, valuing the company at C$38.6 million.

This spring we call our SP is so tightly bound, when the financing is official...and this NR makes it semi-official, we are going to all be happy shareholders.

Glorieux