Polymetal International plc suggests not paying dividends for 2023. Moreover, due to sanctions on the Russian Polymetal JSC, it was suggested to change the name. The annual shareholders’ meeting is scheduled for June 11. The board of directors suggests renaming the company Solidcore Resources plc. The sale of Russian business considerably decreased debt burden on…
Polymetal shareholders have supported selling Russian assets. In February, it became known that Polymetal had agreed to sell its Russian part of business to Mangazeya for $3.69 billion. The latter will receive 100% of Polymetal JSC. The deal is expected to be closed until the end of March. Polymetal has also demanded that until the…
In January-June, Polymetal produced 9.7 tons of gold in Khabarovsk region as opposed to 8.3 tons in H1 2019. In particular, Amur Hydrometallurgical Works (AGMK) increased output by 27%, to 8.1 tons. The works processed 115 thousand tons of concentrate, up by 4%. Raw materials from the Albazinskoye deposit accounted for 79 thousand tons yielding…
Polymetal has made a strategic alliance and concluded an agreement to buy gold-containing concentrate from Blackham Resources (BLK), Australia. The company will buy 70% of concentrate produced at the first stage of the Wiluna deposit development during the first three years, or 122.5 thousand tons of concentrate with the gold content of not less than…
Russian precious metals producer Polymetal International has raised 800 million rubles and a 1% net smelter return from the sale of assets of the Sopka field, the company said in a statement on March 26. The assets were united in company Irbychan Gold with non-core assets of the Omolonsky hub. Production at the assets stopped…
Polymetal intends to start mining ore at the Primorskoye deposit in Magadan region in the second half of 2021. The reserves of the deposit are estimated at 3 tons of gold and 700 tons of silver. The deposit has rich ore – up to 5 kg of silver per ton. Polymetal bought the deposit in…
In 2019 Polymetal International plc increased net profit by 36% YoY, to $483 million. Revenue grew by 19%, to $2.246 billion. EBITDA totaled $1.075 billion, up by 38%. (Ukrainian metal)
The Polymetal board of directors has suggested paying 2019 dividends in the amount of $0.42 per share ($197 million). This amounts to 50% of net profit for H2 2019. The overall dividends for 2019 amount to $0.82 per share ($385 million). The payment of dividends should be approved at the shareholders meeting on April 27.…
