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Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

656.20GBp
16 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Polymetal International Says Will Undertake Search For Non-Executive Chairman
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Polymetal International PLC ::BOARD WILL UNDERTAKE SEARCH FOR NON-EXECUTIVE CHAIRMAN TO SUCCEED BOBBY GODSELL AS CHAIR OF CO.  Full Article

Polymetal Consolidates 100% Stake In Prognoz Silver Property
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Polymetal International PLC ::CONSOLIDATES 100% STAKE IN PROGNOZ SILVER PROPERTY.ACQUIRED A 50% STAKE IN PROGNOZ SILVER PROPERTY FOR US$ 140 MILLION IN POLYMETAL SHARES.POLYMETAL - TOTAL CONSIDERATION FOR 50% STAKE IN PROGNOZ COMPRISED US$ 140 MILLION PAID BY ISSUING 14.2 MILLION NEW ORDINARY SHARES OF COMPANY.TOTAL UPFRONT CONSIDERATION FOR 100% OF PROGNOZ COMPRISED US$ 215 MILLION.GROSS ASSETS OF PROGNOZ ARE US$ 43 MILLION AND A REPORTED PRE-TAX LOSS OF US$ 1.4 MILLION HAS BEEN ATTRIBUTABLE TO ASSET IN 2017.  Full Article

Russia's Polymetal acquires stake in Prognoz silver deposit
Monday, 16 Apr 2018 

April 16 (Reuters) - Polymetal International Plc ::Polymetal says it has completed an acquisition of a 45 percent stake in the Prognoz silver deposit..The metals miner says it expects a potential investment decision in H1 2021 and for full production run-rate to be achieved in 2024..Polymetal says it has agreed to exchange its Tarutin project for an 85 percent stake in east Tarutin deposit in Kazakhstan..  Full Article

Russia's Polymetal Q3 sales up 17 percent y/y
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Russia's Polymetal said on Monday::Its Q3 sales rose 17 percent y/y to $546 million as gold sales jumped 50 percent on the back of higher output and prices;.In Q3 2017, Polymetal achieved a record production of 470 Koz of gold equivalent (GE), which represents a 26 percent increase over the previous year;.The increase was driven by strong contributions from the fully ramped up Svetloye heap leach operation (Okhotsk hub) and Mayskoye oxide ore processing. Albazino and Varvara also achieved record quarterly production levels;.Q3 gold output increased 38 percent year-on-year to 370 Koz. Silver production declined 7 percent year-on-year to 7.4 Moz due to the planned grade decline at the Dukat underground mine;.Polymetal re-confirms its production guidance at 1.55 Moz of GE for 2018 and 1.7 Moz of GE for 2019..  Full Article

Russia's Polymetal says H1 net earnings up to $164 mln
Wednesday, 24 Aug 2016 

Russia's Polymetal International Plc says: H1 adjusted EBITDA down 1 percent y/y; . Remains on track to meet its 2016 production guidance Of 1.26 million ounces of gold equivalent; . Reduces its year capital expenditure guidance to $310 million from $350 million; . H1 revenue down by 8 percent to $593 million; . 2016 H1 net earnings up to $164 million from $98 million in H1 2015; .Interim dividend of $0.09 per share representing 30 percent of the Group's underlying net earnings for 1H 2016 is proposed by the Board..  Full Article

Russia's Polymetal ups stake in Tarutin copper deposit
Thursday, 18 Aug 2016 

Russia's Polymetal International Plc says: Has increased its interest in LLC "Vostochny Basis", the license holder for the Tarutinskoye copper deposit (Tarutin) in the Chelyabinsk region, to 75 percent from 50 percent; . Has purchased the additional 25 percent from Gerosena Trading Ltd, the owner of the remaining stake in LLC "Vostochny Basis"; . The consideration comprises $13.5 million payable by 898,875 newly issued Polymetal shares (0.21 percent of Polymetal's increased ordinary share capital); .Following the deal, the total issued share capital of Polymetal will comprise 427,132,335 of shares..  Full Article

Russia's Polymetal completes acquisition of Komarovskoye deposit in Kazakhstan
Tuesday, 2 Aug 2016 

Polymetal International Plc : Announces the completion of the acquisition of Orion Minerals LLP, the holding company for the Komarovskoye Gold Deposit in Kazakhstan, from Kazzinc LTD, a subsidiary of Glencore Plc. . Says the acquisition was completed on Aug. 1, 2016, following receipt of all required regulatory approvals. .Incremental production is planned to start in Q4 2016..  Full Article