In 2018 mining companies paid 6.07 billion rubles of taxes to the Khabarovsk region budget, up by 9.1% YoY. Polymetal enterprises accounted for some 43% of the taxes paid – 2.639 billion rubles. In particular, Resursy Albazino LLC paid 2.005 billion rubles, up by 570 million rubles YoY. Rusolovo enterprises paid 50 million rubles of…
Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025. Investments in the deposit are estimated at $500 million. The development is expected to last for 30 years. Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)
In 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces. Gold manufacture reached 1.216 million ounces, up by 13%. Silver output fell by 6%, to 25.3 million ounces. In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)
In 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…
The board of directors of Polymetal International plc has approved of the Amur Iron and Steel Works-2 project and allowed the construction. The second line of the Amur Works autoclave department (Amur-2) will considerably increase the company ore reserves, amounting to some 55% of the overall reserves. The manufacture is expected to increase by 30-35…
The gold output of the Russian precious metals producer Polymetal International increased by 13%, to 1.216 million ounces in 2018, the company said in a statement on January 31. Silver production decreased by 6%, to 25.3 million ounces. The company’s total output in gold equivalent grew by 9% YoY, to 1.562 million ounces in the…
Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…
Russian gold producer Polymetal International has sold its 100% stake in the Khakanja project in the Khabarovsk region to a group of unrelated private Russian buyers for $30 million, the company said on December 17. Under terms of the deal, $5 million will be payable in cash and $25 million in the form of assumed…