In the light of recent developments, and in the interests of preserving shareholder value, the Board and the Special Committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries.
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Find latest Mineral Resources and Ore Reserves updates here
Summary
Breakdown by assets
Mineral Resources and Ore Reserves as at 1 January 2023
Mineral Resources |
Tonnage, Mt |
GE grade, g/t |
Gold, Moz |
Silver, Moz |
Copper, Kt |
GE, Moz |
Measured |
26.9 |
3.6 |
2.5 |
43.3 |
3.3 |
3.1 |
Indicated |
55.8 |
4.1 |
6.3 |
85.9 |
143.8 |
7.3 |
Measured + Indicated |
82.7 |
3.9 |
8.8 |
129.2 |
147.1 |
10.4 |
Inferred |
94.1 |
5.1 |
14.3 |
83.8 |
17.7 |
15.4 |
Measured + Indicated + Inferred |
176.8 |
4.5 |
23.1 |
212.9 |
164.8 |
25.8 |
Ore Reserves |
Tonnage, Mt |
GE grade, g/t |
Gold, Moz |
Silver, Moz |
Copper, Kt |
GE, Moz |
Proved |
68.1 |
2.8 |
5.5 |
44.4 |
36.4 |
6.0 |
Probable |
165.3 |
4.0 |
19.2 |
166.9 |
34.1 |
21.3 |
Proved + Probable |
233.5 |
3.6 |
24.7 |
211.3 |
70.5 |
27.3 |
PGM Mineral Resources as at 1 January 2023
|
Mt |
Pd, g/t |
Pt, g/t |
Au, g/t |
Cu, % |
Pd, Moz |
Pt, Moz |
Au, Moz |
Cu, Kt |
Measured |
6.8 |
0.2 |
0.3 |
0.7 |
0.11 |
0.0 |
0.1 |
0.2 |
7.2 |
Indicated |
140.6 |
0.1 |
0.3 |
0.7 |
0.1 |
0.6 |
1.1 |
3.1 |
142.2 |
Measured + Indicated |
147.3 |
0.1 |
0.3 |
0.7 |
0.1 |
0.7 |
1.2 |
3.3 |
149.5 |
Inferred |
9.2 |
0.1 |
0.2 |
0.7 |
0.1 |
0.0 |
0.1 |
0.2 |
8.2 |
Measured + Indicated + Inferred |
156.5 |
0.1 |
0.3 |
0.7 |
0.1 |
0.7 |
1.3 |
3.5 |
157.7 |
Reserves and Resources as at 1 January 2023
Dukat operations
Ore reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Dukat |
4.7 |
0.3 |
185 |
- |
2.8 |
52 |
27.8 |
- |
413 |
Lunnoye |
1.3 |
1.5 |
180 |
- |
3.8 |
61 |
7.4 |
- |
159 |
Perevalnoye |
0.6 |
- |
325 |
- |
4.3 |
- |
6.5 |
- |
87 |
Primorskoye |
0.1 |
5.6 |
1 340 |
- |
22.5 |
21 |
5.0 |
- |
84 |
Total |
6.7 |
- |
- |
- |
3.4 |
134 |
46.8 |
- |
743 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Dukat |
4.5 |
0.8 |
408 |
- |
6.1 |
111 |
58.9 |
- |
876 |
Lunnoye |
2.0 |
1.5 |
356 |
- |
6.1 |
95 |
23.0 |
- |
398 |
Perevalnoye |
0.2 |
- |
360 |
- |
4.8 |
- |
2.4 |
- |
32 |
Primorskoye |
0.1 |
6.3 |
1.6 |
- |
27.8 |
18 |
4.7 |
- |
81 |
Total |
6.8 |
- |
- |
- |
6.3 |
224 |
89.0 |
- |
1,386 |
Kyzyl
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
56.2 |
5.2 |
- |
- |
5.2 |
9,329 |
- |
- |
9,329 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
16.8 |
4.1 |
- |
- |
4.1 |
2,220 |
- |
- |
2,220 |
Omolon operations
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Birkachan |
1.4 |
4.0 |
7 |
- |
4.0 |
182 |
0.3 |
- |
186 |
Tsokol Kubaka |
0.2 |
3.3 |
6 |
- |
3.4 |
18 |
0.0 |
- |
18 |
Burgali |
0.9 |
8.9 |
20 |
- |
9.1 |
250 |
0.6 |
- |
256 |
Nevenrenkan |
0.6 |
6.8 |
505 |
- |
11.3 |
121 |
8.9 |
- |
201 |
Total |
3.0 |
- |
- |
- |
6.8 |
571 |
9.9 |
- |
661 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Birkachan |
3.5 |
3.3 |
8 |
- |
3.4 |
368 |
0.9 |
- |
378 |
Tsokol Kubaka |
0.1 |
7.0 |
8 |
- |
7.1 |
31 |
0.0 |
- |
31 |
Burgali |
0.9 |
10.2 |
19 |
- |
10.4 |
290 |
0.5 |
- |
296 |
Nevenrekan |
0.1 |
7.9 |
410 |
- |
11.6 |
30 |
1.6 |
- |
45 |
Kegali |
0.4 |
6.7 |
98 |
- |
7.9 |
86 |
1.3 |
- |
101 |
Tumanin |
0.3 |
8.4 |
76 |
- |
9.4 |
69 |
0.6 |
- |
77 |
Total |
5.3 |
- |
- |
- |
5.5 |
875 |
4.9 |
- |
928 |
Albazino
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Albazino |
9.5 |
3.7 |
- |
- |
3.7 |
1,147 |
- |
- |
1,147 |
Kutyn |
8.3 |
3.2 |
- |
- |
3.2 |
844 |
- |
- |
844 |
Total |
17.8 |
- |
- |
- |
3.5 |
1,991 |
- |
- |
1,991 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Albazino |
12.6 |
4.6 |
- |
- |
4.6 |
1,859 |
- |
- |
1,859 |
Talgiy |
8.1 |
3.7 |
- |
- |
3.7 |
960 |
- |
- |
960 |
Kutyn |
4.6 |
4.5 |
- |
- |
4.5 |
663 |
- |
- |
663 |
Total |
25.3 |
- |
- |
- |
4.3 |
3,482 |
- |
- |
3,482 |
Mayskoye
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
7.7 |
7.0 |
- |
- |
7.0 |
1,753 |
- |
- |
1,753 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
11.3 |
9.1 |
- |
- |
9.1 |
3,282 |
- |
- |
3,282 |
Svetloye
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
3.7 |
2.8 |
- |
- |
2.8 |
328 |
- |
- |
328 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
3.2 |
1.4 |
- |
- |
1.4 |
139 |
- |
- |
139 |
Voro hub
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Voro |
5.9 |
1.5 |
3 |
- |
1.6 |
288 |
0.6 |
- |
292 |
Maminskoye |
10.3 |
2.5 |
- |
- |
2.5 |
815 |
- |
- |
815 |
Saum |
0.7 |
2.0 |
46 |
2.6 |
2.4 |
42 |
0.1 |
16.9 |
50 |
Pesherny |
2.6 |
4.7 |
- |
- |
4.7 |
385 |
- |
- |
385 |
Galka |
0.7 |
2.8 |
89 |
1.91 |
3.4 |
60 |
1,938 |
12.94 |
74 |
Tamunier |
0.5 |
3.9 |
8 |
- |
3.9 |
65 |
138 |
- |
67 |
Total |
20.6 |
- |
- |
- |
2.5 |
1,055 |
3.7 |
29.9 |
1,067 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Voro |
0.5 |
0.7 |
2 |
- |
0.7 |
11 |
31 |
- |
12 |
Maminskoye |
3.2 |
2.4 |
- |
- |
2.4 |
249 |
- |
- |
249 |
Saum |
0.1 |
1.7 |
46 |
1.48 |
2.0 |
5 |
130 |
1.3 |
6 |
Pesherny |
0.3 |
4.7 |
- |
- |
4.7 |
39 |
- |
- |
39 |
Galka |
0.2 |
2.5 |
81 |
2.08 |
3.3 |
14 |
0.5 |
1.25 |
18 |
Tamunier |
0.1 |
3.0 |
12.16 |
- |
3.1 |
7 |
0.0 |
- |
7 |
Pavlov |
6.9 |
2.6 |
1.04 |
- |
2.6 |
568 |
0.2 |
- |
571 |
Andrei |
1.8 |
2.9 |
4.45 |
- |
2.9 |
162 |
0.3 |
- |
165 |
Total |
13.0 |
- |
- |
- |
2.6 |
1,6 |
1.1 |
2.6 |
1.067 |
Varvara operations
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Varvara |
19.0 |
0.9 |
- |
0.5 |
0.9 |
551 |
- |
40.6 |
551 |
Komar |
19.9 |
1.6 |
- |
- |
1.6 |
996 |
- |
- |
996 |
Elevator |
10.9 |
1.2 |
- |
- |
1.2 |
421 |
- |
- |
421 |
Total |
49.8 |
- |
- |
- |
1.2 |
1,967 |
- |
40.6 |
1,967 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Varvara |
8.7 |
1.1 |
- |
0.57 |
1.1 |
299 |
- |
9.7 |
299 |
Komar |
7.5 |
1.9 |
- |
- |
1.9 |
458 |
- |
- |
458 |
Elevator |
4.7 |
1.6 |
- |
- |
1.6 |
240 |
- |
- |
240 |
Total |
20.8 |
- |
- |
- |
1.5 |
997 |
- |
9.7 |
997 |
Nezhda hub
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Nezhda |
40.6 |
3.5 |
20 |
- |
3.7 |
4,596 |
26.0 |
- |
4,818 |
Prognoz |
8.5 |
- |
460 |
- |
6.1 |
- |
125.1 |
- |
1,667 |
Total |
49.0 |
- |
- |
- |
4.1 |
4,596 |
151.0 |
- |
6,486 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Nezhda |
57.3 |
4.8 |
11 |
- |
4.9 |
8,771 |
19.7 |
- |
8,940 |
Prognoz |
3.9 |
0.0 |
709 |
- |
9.5 |
- |
88.2 |
- |
1,176 |
Total |
61.2 |
- |
- |
- |
5.1 |
8,771 |
107.9 |
- |
10,116 |
Veduga
As at 1 January 2023
Ore Reserves |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
19.0 |
3.9 |
- |
- |
3.9 |
2,407 |
- |
- |
2,407 |
Mineral Resources |
Tonnage, Mt |
Gold grade, g/t |
Silver grade, g/t |
Copper grade, % |
GE grade, g/t |
Gold, Koz |
Silver, Moz |
Copper, Kt |
GE, Koz |
Total |
7.8 |
4.5 |
- |
- |
4.5 |
1,120 |
- |
- |
1,120 |
Viksha (PGM)
PGM Mineral Resources
|
Mt |
Pd, g/t |
Pt, g/t |
Au, g/t |
Cu, % |
Pd, Moz |
Pt, Moz |
Au, Moz |
Cu, Kt |
Measured |
6.8 |
0.2 |
0.3 |
0.7 |
0.11 |
0.0 |
0.1 |
0.2 |
7.2 |
Indicated |
140.6 |
0.1 |
0.3 |
0.7 |
0.10 |
0.6 |
1.1 |
3.1 |
142.2 |
Measured + Indicated |
147.3 |
0.1 |
0.3 |
0.7 |
0.1 |
0.7 |
1.2 |
3.3 |
149.5 |
Inferred |
9.2 |
0.1 |
0.2 |
0.7 |
0.09 |
0.2 |
0.1 |
0.2 |
8.2 |
Measured + Indicated + Inferred |
156.5 |
0.1 |
0.3 |
0.7 |
0.10 |
0.7 |
1.3 |
3.5 |
157.7 |