Constantly delivering on our strategic goals
Performance in 20209
Targets for 2021
- Robust performance
- Robust performance
Performance in 2020
1.5 Moz GE
- 1.56 Moz GE produced in 2020, up 4% year-on-year and 4% above original guidance
$1,686 million
- $1,686m adjusted EBITDA up 57% compared with 2019
$608 million
- $608m dividend proposed ($1.29 per share)
10% increase in Reserves
- Excellent brown and greenfield exploration results
Targets for 2021
- 1.5 Moz GE produced
- Development projects at existing operations, aimed at either extending the life-of-mine or reducing costs
- $700—750/GE oz Total Cash Costs guidance
- Commitment to a zero-fatalities target and further improvements across health and safety
- Delivering growth
- Delivering growth
Performance in 2020
Nezhda
- Concentrator building, site roads, infrastructure completed
- Equipment installation
- Construction of the power line linking the site to the grid in progress
POX-2
- Detailed engineering is 95% finalized by Hatch (POX) and 50% by Polymetal (other areas)
- Building metal framework and concentrate storage facility completed
- Autoclave delivered and installed
Targets for 2021
Nezhda
- Commissioning and first production in Q4 2021
POX-2
- Construction works at POX area (Hatch scope) and other processing areas (Polymetal scope)
- Internal and external infrastructure
- Installation of cryogenic oxygen equipment
- Securing the future
- Securing the future
Performance in 2020
2.2 Moz
- of gold initial Ore Reserves estimate at East Bakyrchik (Kyzyl)
142 Moz
- of silver Ore Reserves estimate at Prognoz
399 Koz
- of gold Ore Reserves estimate at Pescherny extending Voro life-of-mine
- Investment in greenfield exploration through partnerships with junior exploration companies
$10m
Targets for 2021
- Complete Ore Reserve estimate at Veduga
- Complete initial Ore Reserve estimate at Tomtor REM project
- Prepare initial Ore Reserve estimate at Talgiy (Albazino hub)
- Continue exploration at existing JVs with juniors and enter into several new strategic partnerships
- Governance and sustainability
- Governance and sustainability
Performance in 2020
- Co-founded the non-profit organization Women in Mining Russia
- Signed a $125 million green loan with Société Générale under the Green Financing Framework
- Signed Memorandum of Understanding with SMT Scharf AG for a potential strategic co-operation in underground electric vehicles development
- Included in the Dow Jones Sustainability World and Emerging Markets Indices
- Improved CDP Climate Change score from D to B-
33% female directors
4% Decrease of GHG intensity (Scope 1 + Scope 2)
Targets for 2021
- Ultimate goal of zero fatalities and LTIFR ≤ 0.2 at all operations
- Improve equality and diversity, including women’s representation in the Talent Pool
- Update climate change scenarios and implement mitigating actions required to achieve the 2°C trajectory
- Continuous reduction of fresh water use
- Further implementation of dry stack storage method across the Group
- Continued compliance with global and local best practices