Exploration joint venture


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.

About

As part of the Company’s efforts to build and advance long-term growth pipeline, Polymetal is pursuing grassroots, greenfield exploration through joint ventures with junior explorers in order to access promising, untested mineral properties for a reasonable price.

    Typical JV structure:
  • Staged approach (3-5 years) to funding of exploration campaigns via earn-in equity and / or debt financing.
  • Polymetal is granted a call option to acquire a remaining stake.
  • Exit based on JORC-compliant resources or reserves at pre-agreed market valuation.
  • Operatorship left to juniors to enhance decision-making process until the controlling stake is acquired.

Press releases

You are downloading Integrated Annual Report . Please note that some ESG data are available in Sustainability Performance Data 2021 (GRI and SASB) that outlines our key non‑financial performance information for financial year 2021. 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