Strategic objectives and performance

Constantly delivering on our strategic goals

Performance in 2020
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
    $10m
  • Investment in greenfield exploration through partnerships with junior exploration companies
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
    33% female directors
    4% Decrease of GHG intensity (Scope 1 + Scope 2)
    • 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-
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

While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

While the selected files are being downloaded, we want to draw your attention to the reports on the sustainable development of the company. They provide detailed information on ESG indicators.

You can also download historical data on sustainable development.

2019