Head of the Russian-British gold mining company Polymetal Vitaly Nesis said at a conference call with investors that the possibility of selling the Russian assets is no longer under consideration. However, the company still believes that the division of assets between the two jurisdictions is the best scenario, which will allow shareholders to get the maximu...

Polymetal decided to push back the launch of the Veduga refractory ore deposit by a year. It is now scheduled to be put into operation in the second half of 2027. Change in the project schedule will reduce capital expenditures in 2023 and allow more time for careful selection of processing equipment to ensure full compliance with applicable sanctions and fle...

Polymetal's total production for 9 months of 2022 was 1.187 million ounces of gold equivalent, down 2% from 1.21 million ounces in the previous year. Gold production was also down 2% to 1.014 million ounces. Silver production declined 1% to 13.8 million ounces. Gold sales declined 19% to 816 thousand ounces. Silver sales increased 20% to 15.1 million ounces....

Polymetal produced the first ton of metal in gold-silver cementate at the Kutyn deposit in the Tuguro-Chumikansky district of Khabarovsk Krai. This result was achieved a month after the launch of the plant at the company's youngest deposit. Polymetal plans to develop the deposit until 2028. In total, the company expects to extract about 575,000 ounces of gol...