Albazino

Polymetal: Half-year report for the six month ended 30 June 2022

Retrieved on: 
Thursday, September 22, 2022
CPP Investment Board, GE, Group, Mass meeting, Risk, Sale, Decree, NSD, EBITDA, Intention, Company, TCC, Mining, Gold, COVID, Potential, Ownership, AISC, BST, Silver, General officer, National Settlement Depository (Russia), Polymetal International, Board, Polymetal, Cryptocurrency, Security (finance), Risk management, Albazino

Average realised gold and silver prices tracked market dynamics: gold price increased by 4% while silver price decreased by 14%.

Key Points: 
  • Average realised gold and silver prices tracked market dynamics: gold price increased by 4% while silver price decreased by 14%.
  • Gold sales decreased by 23% year-on-year to 456 Koz, while silver sales increased by 9% to 8.7 Moz.
  • Gold sales lagged production due to the bullion inventory accumulated across the Groups mines located in the Russian Federation.
  • Exchange rate dynamics will drive cost performance for H2 2022, as inflationary pressures in the Russian Federation cool down.

Polymetal: Kutyn start-up

Retrieved on: 
Tuesday, September 20, 2022
GE, Sea, District, AISC, COVID-19, Khabarovsk Krai, Polymetal, Climate, Gold, Resource management, Albazino, Uranium

Remote location, severe climate, and unprecedented supply chain disruptions presented major challenges at Kutyn.

Key Points: 
  • Remote location, severe climate, and unprecedented supply chain disruptions presented major challenges at Kutyn.
  • Following successful completion of construction and commissioning activities, Kutyn heap leach facility produced first 6 Koz of gold.
  • JORC-compliant Ore Reserves at Kutyn are estimated at 12 Mt of open-pit oxide and refractory ore containing 1.1 GE Moz at gold equivalent grade of 2.9 g/t.
  • The Kutyn site can be accessed using a winter road from Albazino or by sea through the seasonal port of Ulban on the Sea of Okhotsk.

Polymetal: Ore Reserves, Mineral Resources and Exploration update as at 1 January 2022

Retrieved on: 
Saturday, March 5, 2022
Emi, Mining, Copper, Glavnaya Stsena, Doroninskaya, Andrei, Dukat, Resource management, Metal, Republic, Polymetal International, Silver, Strelka, Albazino, Growth, GE, Company, Sarbas, Polymetal, Uzlovaya, Pavlov, Ludmila, The Group, Anfisa Reztsova, Amur, Total, Central, Elevator, PDF, First, Anomaly, JVS, Gold, GKZ, JV, Platinum group, Nadezhda, Uranium, Oil, Rare-earth element, Petroleum, Potash, Lithium, Mineral, Karmen, Perevalny, Maysky

In 2022, further exploration at Eastern Bakyrchik sites is planned to convert open-pit Mineral Resources into the Indicated category.

Key Points: 
  • In 2022, further exploration at Eastern Bakyrchik sites is planned to convert open-pit Mineral Resources into the Indicated category.
  • Most of the exploration work was focused on upgrading Mineral Resources categories for mine planning.
  • Besides, the deep horizons of the primary ore body were assessed with the use of exploration drilling on a wide-spaced grid.
  • In 2022, the Company will continue exploration to prepare an updated Mineral Resource and initial Ore Reserve estimates in 2023.