The Board has proposed to dispose on the Polymetal’s Russian business as this presents the most viable opportunity for the Group to restore shareholder value by removing or substantially mitigating critical political, legal, financial and operational risks to the Polymetal Retained Group.
Polymetal is a leading gold and silver producer with a high-quality, low-cost asset base.
Our portfolio comprises 8 producing assets and 4 major development projects across Russia. Our investments coupled with a rigorous approach to M&A activity are primarily focused on the turnaround of distressed assets, as well as under-explored near-mine areas with high potential that will contribute to significant long-term growth.
Magadan Region, RussiaOperating Mines: Dukat, Lunnoye, Perevalnoye, Primorskoye
Magadan Region, RussiaOperating Mines: Birkachan, Tsokol, Burgali
Khabarovsk Territory, RussiaOperating Mines: Albazino, Mayskoye, Kyzyl, Nezhda
Khabarovsk Region, RussiaOperating Mines: Albazino, Kutyn