Polymetal will start development of Utkinskoye deposit in 2027

Utkinskaya Mining Company LLC, which includes Polymetal's operations in Russia, plans to start development of the Utkinsky copper-coal deposit in the Sverdlovsk region in 2027. Exploration work at the deposit is planned to be completed by the end of 2024 and mineral reserves will be put on the state balance sheet. Exploration and design work is planned for 2025 to start development of the deposit.