Polymetal has completed the divestment of its Russian business on 7 March 2024. Please see the relevant announcement at the link. Operating and financial results as well as other information on this website until 7 March 2024 represent the Group in its former organizational structure, i.e. including Russian business, unless otherwise stated.
Mining cycle
Our investment in the skills and expertise that support key competencies, backed by strong financial discipline, ensures a robust performance throughout the cycle.
We replenish reserves through active brownfield and greenfield exploration, and have a robust evaluation system to select high-quality assets for further development.
We have a track record of delivery on time and within budget, including growth projects in challenging locations without access to infrastructure.
We have a strong skill set in selective open-pit and underground mining, incorporating global best practices and robust grade and dilution control.
In the remote regions of our operation, we have acquired vital skills for inbound logistics of consumables and outbound transportation of ores and concentrates to make the best use of our hub strategy
We employ both conventional (such as flotation or heap leaching) and leading processing technologies (such as POX) that maximise recoveries at our plants.
We sell gold and silver bars, mainly to local banks, and precious metals concentrates to offtakers throughout the global market.
We manage the end-of mine life responsibly, employing environmental best practice and a duty of care to local communities during the closure/ rehabilitation process.