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.
7 reasons to invest in Polymetal
Our prime responsibility is to build long-term value per share
Return on investment in the precious metals industry is reliant on grades and mining conditions. We achieve better returns and lower risks from our project portfolio by setting appropriate thresholds on head grades and largely focusing on open-pit mines.
Average reserve grade (2P reserves), g/t of GE
Source: Companies' data for FY2021
Polymetal has been developing refractory ore deposits since 2007. Our pressure oxidation (POX) processing hub in Amursk, which is now undergoing a major expansion, is the key to extracting value from Albazino, Mayskoye, Kyzyl and Nezhda. The prospective Ertis POX project in Kazakhstan is aimed at creating the first refractory ore processing hub in the country. Moreover, as more and more gold resources globally tend to be refractory, our technological expertise in environmentally friendly refractory ore processing will be a key strategic advantage, including being in the market buying third party feedstock.
DY paid: 5-year average, %
Source: Company, Thomson Reuters and Bloomberg data
We believe that good corporate governance is key to the ongoing success of the business and value creation for our stakeholders. We are compliant with all regulatory requirements and best international practices being recognised as a corporate governance leader.
Maintaining high standards of ESG is one of our strategic pillars. We ensure this though impact assessment and responsible capital allocation, which means investing in green and more efficient technologies, delivering tangible socioeconomic value to communities and creating safe and inclusive workplaces.
See our efforts to date
2021 reserve per share, y-o-y change, %
Notes: Historical gold equivalent guidance recalculated using 80:1 Ag oz/Au oz, 1:5 Cu mt/Au oz and 1:2 Zn mt/Au oz conversion ratios