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.
Overview
Polymetal is a leading gold and silver producer with a high-quality, low-cost asset base.
Our portfolio comprises 8 producing assets and 4 major development projects across Russia. Our investments coupled with a rigorous approach to M&A activity are primarily focused on the turnaround of distressed assets, as well as under-explored near-mine areas with high potential that will contribute to significant long-term growth.
Operations
— hub
— mining and processing
Operations
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Dukat hub
Magadan Region, RussiaOperating Mines: Dukat, Lunnoye, Perevalnoye, Primorskoye
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Omolon hub
Magadan Region, RussiaOperating Mines: Birkachan, Tsokol, Burgali
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Amursk POX
Khabarovsk Territory, RussiaOperating Mines: Albazino, Mayskoye, Kyzyl, Nezhda
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Albazino
Khabarovsk Region, RussiaOperating Mines: Albazino, Kutyn
Growth projects
— development project
— exploration
Growth projects
Development
-
Amursk POX-2
Khabarovsk Region, Russia
-
Prognoz
Verkhoyansk, Republic of Sakha, Yakutia, Russia
Evaluation
-
Veduga
Krasnoyarsk Region, Russia
Exploration
-
Viksha
Republic of Karelia, Russia
FY 2023 guidance
1,700 Koz
Production GE
US$ 950-1,000/GE oz
TCC
US$ 1,300-1,400/GE oz
AISC
and resources
results