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Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

1,136.50GBp
3:03pm IST
Change (% chg)

3.50 (+0.31%)
Prev Close
1,133.00
Open
1,142.50
Day's High
1,154.00
Day's Low
1,132.50
Volume
259,646
Avg. Vol
1,547,622
52-wk High
1,214.19
52-wk Low
597.60

Latest Key Developments (Source: Significant Developments)

Polymetal Exchanges Its Chaarat Convertible Notes Into Equity
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Polymetal International PLC ::POLYMETAL EXCHANGES ITS CHAARAT CONVERTIBLE NOTES INTO EQUITY.FOLLOWING SALE OF KAPAN MINE TO CHAARAT GOLD, POLYMETAL AGREED TO EXCHANGE US$ 10M OF CHAARAT'S CONVERTIBLE NOTES RECEIVED.CHAARAT HAS ALSO AGREED TO WAIVE ITS EXCLUSIVITY RIGHT AND RIGHT OF FIRST REFUSAL FOR LICHKVAZ, POLYMETAL'S REMAINING ASSET IN ARMENIA.  Full Article

Russia's Polymetal says Q2 revenue up 13% y/y
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Russian gold and silver producer Polymetal International PLC says::Second-quarter revenue rose 13% year-on-year to $492 million;.Q2 gold equivalent ("ge") production grew 19% year-on-year to 384 koz;.Gold production in the quarter was up 30% compared with the previous year to 302 koz;.Silver production was down 11% at 6.0 moz on the back of asset disposals;.GE production for H1 2019 was 756 Koz, up 22% year-on-year;.Expects stronger production in H2 driven by seasonal concentrate de-stockpiling at Mayskoye;.The company is well positioned to meet its full-year 2019 production guidance of 1.55 moz of ge and reiterates its cost guidance: tcc of $600-650/ ge oz and aisc of $800-850/ ge oz..  Full Article

PPF Group Annoucnes Successful Placing Of 21 Mln Existing Shares In Polymetal
Wednesday, 10 Jul 2019 

July 10 (Reuters) - PPF Group::PPF GROUP- SUCCESSFUL PLACING OF ABOUT 21 MILLION EXISTING ORDINARY SHARES IN POLYMETAL INTERNATIONAL PLC.  Full Article

Polymetal Decided To Retain Deloitte As Group's Auditor
Wednesday, 15 May 2019 

May 15 (Reuters) - Polymetal International PLC ::POLYMETAL - BOARD HAS DECIDED TO RETAIN DELOITTE LLP AS GROUP'S AUDITOR.POLYMETAL - BOARD WILL PROPOSE RE-APPOINTMENT OF DELOITTE LLP AS EXTERNAL AUDITORS FOR YEAR COMMENCING 1 JANUARY 2020 AT COMPANY'S 2020 AGM.  Full Article

Polymetal Reports Increase In Ore Reserves At Mayskoye Gold Deposit In Russia
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Polymetal International PLC ::SAYS REPORTS A SIGNIFICANT INCREASE IN ORE RESERVES AT MAYSKOYE GOLD DEPOSIT IN RUSSIA.SAYS UPDATED JORC ESTIMATE ADDS 778 KOZ OF GOLD TO PROPERTY'S RESERVES.SAYS THIS REPRESENTS A SIZEABLE INCREASE OVER THE PREVIOUS ESTIMATE WITH A 49% INCREASE IN TONNAGE, A 5% IMPROVEMENT IN GRADE AND A 55% JUMP IN GOLD CONTAINED.SAYS ADDITIONAL OUNCES ARE EXPECTED TO EXTEND MINE LIFE BY ANOTHER 5 YEARS.  Full Article

Polymetal Sells Interest In Svetlobor Platinum Exploration Project
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Polymetal International PLC ::POLYMETAL - SALE OF SVETLOBOR PLATINUM PROPERTY.POLYMETAL - SOLD ITS 100% INTEREST IN SVETLOBOR PLATINUM EXPLORATION PROJECT TO A GROUP OF UNRELATED PRIVATE RUSSIAN BUYERS FOR US$ 5.5 MILLION IN CASH.POLYMETAL - TRANSACTION IS EXPECTED TO RESULT IN $4.8 MILLION ACCOUNTING PROFIT FOR COMPANY, PROCEEDS WILL BE USED TO REDUCE DEBT.  Full Article

Polymetal In Discussions With Chaarat Gold For Potential Sale Of Kapan Mine
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Polymetal International PLC ::POLYMETAL INTEREST PLC - PRESS SPECULATION.POLYMETAL - IN DISCUSSIONS WITH CHAARAT GOLD REGARDING POTENTIAL SALE OF KAPAN MINE IN ARMENIA.POLYMETAL - NO CERTAINTY THAT A TRANSACTION WILL BE AGREED.  Full Article

Polymetal Expects To Exceed FY 2018 Production Guidance Of Gold Equivalent
Monday, 15 Oct 2018 

Oct 15 (Reuters) - Polymetal International PLC ::Q3 REVENUE FELL 16 PERCENT TO 459 MILLION USD.POLYMETAL PRODUCED 447 KOZ OF GOLD EQUIVALENT (GE) IN Q3 OF 2018, DOWN 5% YEAR-ON-YEAR.Q3 REVENUE WAS DOWN 16% YEAR-ON-YEAR TO US$ 459 MILLION.RUSSIA'S POLYMETAL SAYS PRODUCED 447 KOZ OF GOLD EQUIVALENT (GE) IN Q3 OF 2018, DOWN 5% YEAR-ON-YEAR.QTRLY SILVER PRODUCTION DECREASED BY 10% TO 6.7 MOZ AS A RESULT OF PLANNED GRADE DECLINES AT DUKAT.LIKELY TO EXCEED ITS FY 2018 PRODUCTION GUIDANCE OF 1.55 MOZ OF GE BY UP TO 50 KOZ OF GE.NET DEBT INCREASED TO US$ 1.8 BILLION.REDUCTION IN NET DEBT IS EXPECTED TO BE RECORDED IN Q4.GIVEN RECENT WEAKNESS OF ROUBLE AND TENGE AGAINST US DOLLAR, IT IS LIKELY THAT COMPANY WILL OUTPERFORM ITS COST GUIDANCE.REITERATES PRODUCTION GUIDANCE OF 1.7 MOZ FOR 2019 & 1.8 MOZ FOR 2020 & NOTES GUIDANCE WILL BE REVISED IN CASE OF NON-CORE ASSET DISPOSALS.  Full Article

Polymetal Says Marina Grönberg To Step Down From Board Of Co
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Polymetal International PLC ::MARINA GRÖNBERG, REPRESENTATIVE OF VITALBOND LTD, HAS INFORMED BOARD OF HER INTENTION TO STEP DOWN FROM BOARD OF CO.  Full Article

Russia's Polymetal starts shipments from Kazakhstan's Kyzyl
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Russian gold and silver producer Polymetal says: :Started shipments to China from its gold deposit and processing site Kyzyl in Kazakhstan..The first delivery, of around 2,000 tonnes of concentrate, was shipped on Aug. 18. .By October, the operation is projected to achieve its nameplate capacity of 150 thousand tonnes per month..Polymetal plans to produce 80 thousand ounces of payable gold at Kyzyl this year, ramping up production to 280 thousand ounces in 2019 and 330 thousand ounces thereafter.."The first shipment of gold concentrate from Kyzyl is a major milestone bringing the company closer to first cash flow from the asset", said Vitaly Nesis, chief executive of Polymetal. .  Full Article