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.
25 June 2020
Polymetal completed the previously announced sale of North Kaluga to North Kaluga Mining Limited (“Transaction”) for the total consideration of US$ 35.7 million.
Following satisfaction of all outstanding conditions to closing and requisite regulatory approvals, the Transaction was completed on 23 June 2020.
The total Transaction value amounts to US$ 35.7 million and comprises US$ 10.7 million in cash (which has already been paid), royalties with a fair value of US$ 19.1 million1 and repayment of all debt owed by the North Kaluga’s license holder to Polymetal in the amount of US$ 5.9 million payable by 31 August 2020.
1The Company’s preliminary estimate at 15% discount rate.
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About Polymetal
Polymetal International plc is a leading gold producer based in Kazakhstan and listed on Astana International Exchange and Moscow Stock Exchange. Polymetal has a portfolio of two producing gold mines and an impressive growth project.
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