Solidcore Resources news

Solidcore Resources

Solidcore Resource's Board of Directors has decided to complete the exchange offer on September 30, 2024 in accordance with the established schedule. Based on the results of the exchange offer, which started in December 2023 and lasted for 10 months, the total number of shares repurchased by the company will amount to 45.2 million shares, or about 66% of the...

Solidcore Resources

Moscow Exchange has set the last day of trading in Solidcore Resources shares before delisting for September 23.

Solidcore Resources

IK Peter Trust JSC is offering Solidcore shareholders whose shares are registered with NSD or other Russian depositories to buy their securities at ₽235.4 per share, which is the closing price as of Tuesday, August 27. You can apply to sell the securities until September 27, and the company's shares are scheduled to be delisted from the Moscow Exchange on Se...

Solidcore Resources

Solidcore Resources (former Polymetal) applied for delisting of its shares from the Moscow Exchange from October 1. Solidcore Resources (formerly Polymetal) applied to delist its shares from the Moscow Exchange on October 1. The gold miner attributed its decision to the U.S. sanctions against the Moscow Exchange, as well as to the fact that the company had n...

Solidcore Resources

Polymetal in its new strategy does not plan dividends until the launch of Irtysh MMC, an autoclave complex in Kazakhstan. Capex of the project is estimated at $800 mln with a capacity of 250-300 thousand tons of concentrate per year with an output of about 15 tons of gold. Completion of construction and start of commissioning is expected in the second half o...

Solidcore Resources

Polymetal shareholders decided to change the company's name to Solidcore Resources.

Solidcore Resources

Polymetal's Board of Directors has proposed that shareholders change the company's name to Solidcore Resources plc. Polymetal noted that this is necessary after the sale of the Russian business, which retained the name of JSC Polymetal. This legal entity was sanctioned by the United States in May 2023, while Polymetal Group as a whole was not. Polymetal clos...

Solidcore Resources

Polymetal exchanged another 8,347,580 common shares, or 1.76% of outstanding shares. Since the beginning of the exchange, the company has repurchased a total of 13,429,659 shares, or 2.84% of shares outstanding. Shareholders can take advantage of the opportunity to exchange shares held at NSD for new shares issued on AIX until September 30, 2024.

Solidcore Resources

Polymetal for 3 months of 2024 produced 117 thousand ounces of gold equivalent, up 2% from 115 thousand ounces a year earlier. Sales volumes decreased by 7% to 116 thousand gold equivalent ounces. Revenues increased by 26% to $294 million. Company confirms its 2024 production guidance of 475 thousand ounces of gold equivalent.

Solidcore Resources

Polymetal will try to convince minority shareholders that a listing on the Moscow Exchange is not necessary for both the company and the investors themselves, said Polymetal's head Vitaly Nesis in a large interview with Interfax. However, holders of small stakes have neither desire nor economic sense to transfer their securities to Astana. Now the company is...