Polymetal International

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: 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.

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: 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:

Polymetal: Q2 2023 production results

Retrieved on: 
Wednesday, August 9, 2023
Polymetal, Transport, International, Polymetal International, Accident, Cryptocurrency, Q2

Polymetal International plc reports production results for the second quarter ended June 30, 2023.

Key Points: 
  • Polymetal International plc reports production results for the second quarter ended June 30, 2023.
  • “Q2 saw a set of solid production results supporting our full-year production guidance of 1.7 Moz of GE.
  • Management is working on establishing new transportation routes to resolve this issue by Q4 2023”, said Vitaly Nesis, Group CEO of Polymetal International plc.
  • Polymetal reiterates its full-year production guidance of 1.7 Moz of GE (1.2 Moz in Russia and 500 Koz in Kazakhstan).

Polymetal: Proposed cancellation of listing on the Official List and from trading on the London Stock Exchange and notice of General Meeting

Retrieved on: 
Monday, July 10, 2023
AIX, FOR, CREST, Common stock, OF, LAWS, Special Committee on Decolonization, Shareholder, Polymetal International, EU, London Stock Exchange, FAQ, RIS, Mass meeting, Annual general meeting, Circular, Legislation, Frequentative, LSE, NOT, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, Resolution, Committee, Business, Main–Market Historic District, FCA, Official List, 2741 Valdivia, Date, MOEX, Security (finance), Management, Automotive industry, Property management, Nightclub, Hotel

Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today its intention to cancel its listing on the London Stock Exchange, subject to shareholder approval.

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today its intention to cancel its listing on the London Stock Exchange, subject to shareholder approval.
  • In the Re-domiciliation Circular, the Board explained the reason for this recommendation and the impact on the Company’s current London Listing.
  • Thereafter, the London Listing will remain suspended from the Re-domiciliation Effective Date until the Date of the London De-listing.
  • The London De-listing Circular contains further information on the London De-Listing and a notice of General Meeting.

Polymetal: Acquisition of the controlling stake in the Baksy property in Kazakhstan

Retrieved on: 
Monday, July 10, 2023
Polymetal, International, Polymetal International, Varvara, Uranium mining, Mining, Baksy

“Baksy fits Company’s strategy of focusing on copper-gold assets and expanding presence in Kazakhstan.

Key Points: 
  • “Baksy fits Company’s strategy of focusing on copper-gold assets and expanding presence in Kazakhstan.
  • We plan to continue active exploration and expect the JORC-compliant ore reserve estimate and positive production decision in 2024”, said Vitaly Nesis, Group CEO of Polymetal International plc.
  • The Baksy overall licence area comprises 776 km2 and is located 300 km from the Polymetal-owned Varvara processing plant, in the North Kazakhstan region.
  • Geological structure of the Baksy license area represents many characteristics typical of large-scale copper-gold deposits.

Polymetal: Report on payments to governments for the year 2022

Retrieved on: 
Friday, June 30, 2023
UK Regulators Network, Mineral, Polymetal International, International, Tax, Government, United Kingdom, Polymetal, Disclosure, GBP, Financial Conduct Authority, Legislation, Cryptocurrency, Insurance, Security (finance), Property management, Renting

Polymetal International plc issues the report on payments to governments for the year ended 31 December 2022.

Key Points: 
  • Polymetal International plc issues the report on payments to governments for the year ended 31 December 2022.
  • This Report provides an overview of the payments to governments made by Polymetal International plc and its subsidiary undertakings (hereinafter referred to as “Polymetal” or “the Group”) for the year 2022 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015).
  • Payments made by entities over which Polymetal has joint control or significant influence are excluded from this Report.
  • Payments made by Polymetal to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals are disclosed in this Report.

Polymetal: Resignation of Bank of New York Mellon as depository bank for American Depositary Receipt programme

Retrieved on: 
Saturday, May 27, 2023
Frequentative, NOT, Polymetal International, EU, FOR, ADR, FAQ, ADR Institute of Alberta, BNY Mellon, OF, LAWS, Bank, ISIN, Security (finance)

Polymetal International plc (the “Company”) has today been notified by The Bank of New York Mellon of its resignation as the depository bank for the Company’s American Depositary Receipt (ADR) program (AUCOY - ISIN: US73178Q1058).

Key Points: 
  • Polymetal International plc (the “Company”) has today been notified by The Bank of New York Mellon of its resignation as the depository bank for the Company’s American Depositary Receipt (ADR) program (AUCOY - ISIN: US73178Q1058).
  • The relevant information in connection with the proposed re-domiciliation of the Company, including in connection with the termination of the ADR programme, can be found within: https://www.polymetalinternational.com/en/re-domiciliation-agm/ .
  • This includes the key information for shareholders, a copy of the shareholder circular in connection with the re-domiciliation and a document of Frequently Asked Questions.
  • Shareholders may also contact the Company using the dedicated shareholder helpline: +442035762741 or [email protected] .