Polymetal sold Tarutinskoye, the operator of the East Tarutinskoye copper and gold deposit in Kazakhstan, for $7 million. The loss from the disposal of the asset amounted to $2 million. New owner is Russian Copper Company, which owned the deposit before the exchange of assets with Polymetal in 2018. As of 2018, the JORC resources of East Tarutinsky were esti...

Polymetal's IFRS loss for 2022 was $288 million, against a profit of $904 million in the previous year. Revenue decreased by 3.1% to $2.801 billion from $2.89 billion a year earlier.

Most of production of Polymetal in 2023 will be sold on the domestic market, the company's head Vitaly Nesis said. Refineries have already restructured their production chains and are making ingots of low denomination, for which there is demand from the population. In 2022, Polymetal exported most of its gold to Asia. China is an attractive channel to sell p...

Polymetal may complete the re-registration process in a friendly jurisdiction by the end of 2023, with the separation of Russian and Kazakh assets in the first half of 2024. Consultations with shareholders and completion of the registration process in Astana are planned for the first quarter of 2023. General meeting to approve the re-registration - for the s...