Polymetal intends to make a new exchange of shares blocked at NSD and other Russian depositories for shares traded on Kazakhstan's AIX exchange at a one-to-one ratio. Exchange offer applies only to shareholders who are not unfriendly to Russia and are not subject to sanctions. As of today, 14% of Polymetal shares remain blocked. New exchange must be approved...

Polymetal launched a crushing and sorting complex with a capacity of 100 tons per hour at the Prognoz silver deposit in Yakutia. New equipment was supplied from Turkey. Test operation of the complex started in July 2023. During the three months of trial operation, about 80 thousand tons of rock mass were processed.

Polymetal produced for 9 months of 2023 1.272 million ounces of gold equivalent, up 6% from 1.198 million ounces a year earlier. Sales volumes rose 15% to 1.136 million gold equivalent ounces. Revenues increased by 22% to $2.149 billion. Company confirms its 2023 production guidance of 1.7 million ounces of gold equivalent - 1.2 million ounces in Russia and...

Polymetal purchased 2,543,840 common shares under the second tranche of the exchange offer in addition to the 39,070,838 shares that were exchanged on December 9, 2022. Thus, a total of 41,614,678 common shares were exchanged, which are now accounted for by the company as treasury shares. Company intends to redeem these shares upon relaxation of the restrict...