Polymetal

Polymetal International plc: New management appointments in Kazakhstan

Retrieved on: 
Wednesday, April 10, 2024
JSC, Construction, Yuri, Mineral Resources Limited, International, Technical, Roman, Sale, University, Kazakhmys, Mineral processing, Legal Affairs, Polymetal, Institute of technology, Resource, Mining engineering, Polymetal International, Production, Management

Polymetal International plc (“Polymetal”, the “Group”) announces significant strengthening of the management team.

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Group”) announces significant strengthening of the management team.
  • “The natural first step after the sale of the Russian business is the creation of strong, focused, and motivated management team in our corporate headquarters in Astana.
  • With the appointment of four new Executive Vice Presidents, Polymetal is now in a position to advance its independent strategy in Central Asia”, said Vitaly Nesis, Group CEO of Polymetal International plc.
  • Valery joined Polymetal Engineering in 2006 and moved to Kyzyl in 2016.

Polymetal International plc: Integrated Annual Report 2023

Retrieved on: 
Wednesday, April 10, 2024
AIX, Polymetal, International, Account, Annual report, Cryptocurrency

Polymetal International plc (“Polymetal”, the “Company”) publishes its Integrated Annual Report for the year ended 31 December 2023.

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company”) publishes its Integrated Annual Report for the year ended 31 December 2023.
  • In compliance with Rule MDR, appendix 1, section 6.1 of the AIX Market Disclosure Rules, Polymetal announces that Integrated Annual Report and Accounts for the year ended 31 December 2023 (“Annual Report”) has been submitted to the AIX disclosure portal and is available at https://aix.kz/issuers/polymetal-international-plc/ .
  • The full printed Integrated Annual Report for those shareholders who have requested it will be posted in due course.

Polymetal International plc: New Board memb

Retrieved on: 
Wednesday, April 10, 2024
AIX, International, Oman Investment Authority, Polymetal, Senior, Investment, OIA, Management

Polymetal International plc (“Polymetal” or the “Company”) announces a new appointment to its Board of Directors.

Key Points: 
  • Polymetal International plc (“Polymetal” or the “Company”) announces a new appointment to its Board of Directors.
  • Omar Mahmood Mohamed Bahram has been appointed to the Board as a Non-Executive Director.
  • The appointment was proposed by the Company’s major shareholder Maaden International Investment and approved by the Board.
  • The Board now consists of seven members, including five independent non-executive directors, a non-executive director and an executive director.

Polymetal International plc: Completion of divestment of Russian business

Retrieved on: 
Wednesday, March 13, 2024
AIX, International, BlackRock, MOEX, Polymetal, Circular, Sale, Transaction, JSC, Completion, Policy, Bank

Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces that following shareholder approval and satisfaction of all other conditions precedent, the divestment of Polymetal Group’s Russian business by way of disposal of 100 per cent of the JSC Polymetal share capital to JSC Mangazeya Plus has completed.

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces that following shareholder approval and satisfaction of all other conditions precedent, the divestment of Polymetal Group’s Russian business by way of disposal of 100 per cent of the JSC Polymetal share capital to JSC Mangazeya Plus has completed.
  • “We are pleased shareholders of Polymetal supported the sale of our Russian business.
  • With the transaction closed and major risks eliminated, we plan to present our new strategy and capital allocation policy in May”, said Vitaly Nesis, Group CEO.
  • Following Completion, the Polymetal Retained Group has a net cash position of approx.

Polymetal International plc: Proposed divestment of Polymetal Group’s Russian business and notice of General Meeting

Retrieved on: 
Wednesday, March 13, 2024
AIX, Ertis, MOEX, Person, Circular, Intra, Sale, Nationalization, Proxy, Polymetal, Mining, THIS, VIA, NOT, LAWS, POX, State, Mass meeting, Polymetal International, Transaction, Completion, Risk, Gold, Resolution, United, JSC, Committee, Baksy, Cryptocurrency

Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).
  • A quick, transparent, and sanctions-compliant exit under the terms of the proposed Transaction serves the interests of all stakeholders.
  • The completion of the divestment will allow the Group to de-risk the Company’s business, deliver stable cash flows and pursue new investment opportunities.
  • The Transaction values the Russian business at approximately US$3.69 billion [1] including third-party debt and intra-group arrangements detailed in the Circular.

Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces in 2024

Retrieved on: 
Tuesday, January 30, 2024
Growth, Annual report, Polymetal, Electronics, Jewellery, Pressure, Fed, Research, Government, Silver, The central science, Statistics, Newmont, Investment, Gold, Risk, Palladium

WASHINGTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded.

Key Points: 
  • WASHINGTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded.
  • The firm will research and produce the Silver Institute's annual report on the international silver market, World Silver Survey 2024, which will be released on April 17.
  • Global silver demand is expected to rise 1 percent, pushed higher by the continued strength of industrial end-uses and a recovery in jewelry and silverware demand.
  • Silver industrial fabrication is forecast to post a 4 percent rise in 2024 to a record 690 million ounces (Moz), building on the all-time highs achieved last year.

Polymetal: Q3 2023 production results

Retrieved on: 
Tuesday, November 7, 2023
Sale, Gold, International, KZT, EBITDA, Workforce, Polymetal International, Polymetal, Accident, AISC, TCC, Cryptocurrency, Palladium

Polymetal International plc reports production results for the third quarter ended September 30, 2023.

Key Points: 
  • Polymetal International plc reports production results for the third quarter ended September 30, 2023.
  • There have been no fatal accidents during the first nine months of 2023 among Polymetal’s workforce and contractors (similar to 9M 2022).
  • Nine lost-time accidents mostly related to falling or hit by an object were recorded during 9M 2023 (none in Kazakhstan) with two of them in Q3.
  • In Q3, gold equivalent production (“GE”) grew by 12% year-on-year (y-o-y) to 508 Koz driven by increases within Russian operations (Urals, Mayskoye and Dukat).

Polymetal: Half-year report for the six month ended 30 June 2023

Retrieved on: 
Monday, September 25, 2023
Capital expenditure, Polymetal International, Silver, GE, TCC, EBITDA, Gold, FCF, Polymetal, Transport, AISC, Printed circuit board, Cryptocurrency

Average realised gold and silver prices tracked market dynamics: gold price increased by 3% while silver price remained flat y-o-y.

Key Points: 
  • Average realised gold and silver prices tracked market dynamics: gold price increased by 3% while silver price remained flat y-o-y.
  • The Company recorded a sales-production gap, notably for Kyzyl, as a result of persistent railway issues at the eastward direction.
  • Polymetal is on track to meet its original 2023 production guidance of 1.7 Moz of gold equivalent.
  • The company maintains its 2023 guidance range of US$ 950-1,000/GE oz and US$ 1,300-1,400/GE oz for TCC and AISC, respectively.

Polymetal: London De-listing

Retrieved on: 
Tuesday, August 29, 2023
AIX, FCA, Polymetal, Official List, Main Market, Onitsha, London Stock Exchange, Security (finance)

Polymetal announces that the London De-listing has completed.

Key Points: 
  • Polymetal announces that the London De-listing has completed.
  • Further to the announcement made by the Company on 28 July 2023, the Company can confirm that it has cancelled its admission of the Company's Ordinary Shares from the Premium Equity Commercial Companies Segment of the Official List of the FCA and from admission to trading on the Main Market of the London Stock Exchange.
  • The Company re-confirms that it remains listed on AIX as its primary stock exchange.

Polymetal: Resumption of trading on AIX

Retrieved on: 
Thursday, August 10, 2023
AIX, ISIN, Polymetal, Polymetal International, International, Rare-earth element, Whaling, Marketing

Polymetal International plc (the “Company”) confirms trading resumption of the Company’s Ordinary shares on AIX, effective today, 10 August 2023.

Key Points: 
  • Polymetal International plc (the “Company”) confirms trading resumption of the Company’s Ordinary shares on AIX, effective today, 10 August 2023.
  • Further to the Re-domiciliation completion, trading in the shares of Polymetal International plc (ISIN JE00B6T5S470) has resumed on AIX today, 10 August 2023, as follows: