The Federal Antimonopoly Service of Russia has allowed Polyus Krasnoyarsk purchasing 9.8% of the SL Zoloto LLC. As a result of the deal Polyus via its daughter company Polyus Krasnoyarsk will become the owner of 68.2% of SL Zoloto. SL Zoloto is the joint venture between Polyus and Rostec created to develop the Sukhoi Log…
Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook. The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow. The company has also noted Polyus output level and the resource base. (Ukrainian metal)
The gold output at the Verninskoye deposits, developed by Polyus Verninskoye, in Irkutsk region in Q3 grew by 12% QoQ, to 1.856 tons. Ore mining increased by 2%, to 755 thousand tons, while gold contents remained unchanged at 2.6 g per ton. Gold output also grew by 2% YoY. In January-September gold extraction at the…
In January-September Polyus received $2141 million of revenue, up by 8% YoY. Corrected net profit grew by 34%, to $1035 million. Capital expenditures went up by 4%, to $547 million. At the same time investments in the Natalka deposits development dropped by 35%, to $186 million. Investments in the Kuranakh deposits also decreased – by…
On October 22 Polyus Aldan reached the highest level of gold output in the past several decades. Since the start of the year it has extracted 5 tons of gold. “In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)
Polyus has started preparations for the preliminary estimation of the Sukhoy Log gold-ore deposit in Irkutsk region. The company intends to have received all the information by late 2018 and the estimation of reserves in 2020. In January 2017 the SL Zoloto LLC, a daughter company of Polyus, won the auction to develop the largest…
The gold production of Russia’s Polyus increased by 15% QoQ, to 691,200 ounces in July-September, the company said in a statement on October 16. In January-September the output rose by 14% YoY, to 1.8 million ounces. Sales amounted to $2.112 billion at the average price of $1.275 per ounce. (Prime/Ukrainian metal)
The meeting of the Polyus shareholders has determined the payment of dividends for the first half of 2018 in the amount of 131.11 rubles per ordinary share. According to the company statement, the total amount is 17.35 billion rubles, or $235.2 million. This corresponds to 30% of EBITDA in H1. The date upon which the…