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United Kingdom

Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

834.00GBp
19 Dec 2018
Change (% chg)

2.40 (+0.29%)
Prev Close
831.60
Open
832.00
Day's High
840.00
Day's Low
830.80
Volume
129,377
Avg. Vol
1,729,503
52-wk High
945.00
52-wk Low
577.80

Latest Key Developments (Source: Significant Developments)

Russia's Polymetal sells Khakanja operations
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Russian gold and silver producer Polymetal says::POLYMETAL SOLD ITS 100 PERCENT INTEREST IN KHAKANJA OPERATIONS TO A GROUP OF UNRELATED PRIVATE RUSSIAN BUYERS FOR $30 MILLION IN CASH AND ASSUMED DEBT.DISPOSAL OF KHAKANJA ADVANCES COMPANY'S STRATEGY OF SELLING SMALLER SHORT-LIVED ASSETS.LOSS ON KHAKANJA DISPOSAL WILL AMOUNT TO ABOUT $15 MILLION BASED ON CARRYING VALUE OF KHAKANJA OPERATIONS AS OF NOV. 30 2018.  Full Article

Chaarat Gold Secures Further Improved Terms On Acquisition Of Kapan By Co's Unit
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Chaarat Gold Holdings Ltd ::SECURED FURTHER IMPROVED TERMS ON AGREED ACQUISITION OF KAPAN BY CO'S SUBSIDIARY.GORDON WYLIE, ALREADY A BOARD MEMBER, HAS BEEN APPOINTED AS DEPUTY CHAIRMAN.KAPAN'S VENDOR AGREED TO ACCEPT $10 MILLION OF $55 MILLION CONSIDERATION FOR KAPAN IN CONVERTIBLE NOTES OF CO, RATHER THAN $5 MILLION.ENTERED INTO COMMITTED REVOLVING TERM LOAN FACILITY AGREEMENT WITH LABRO INVESTMENTS LIMITED FOR A TOTAL AMOUNT OF $15 MILLION.POLYMETAL AGREED ITS RIGHT TO REQUIRE CGIL TO BUY LOAN NOTES WILL APPLY AFTER 19 MONTHS FROM DATE OF KAPAN DEAL CLOSE.  Full Article

Polymetal International says Consolidates 100 Pct Interest In Nezhda
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Polymetal International PLC ::CONSOLIDATES 100% INTEREST IN NEZHDA.POLYMETAL - COMPLETES ACQUISITION OF REMAINING 82.3% STAKE IN NEZHDA GOLD PROPERTY, PAVING WAY FOR START OF CONSTRUCTION ACTIVITIES IN Q1 2019.EXPECT TO DELIVER FIRST PRODUCTION IN 2021 WITH A FULL-RAMP UP IN 2022.  Full Article

Russia's Polymetal says 2019 gold output to remain flat
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Russian gold and silver producer Polymetal says::Polymetal expects its 2019 gold output to remain flat year- on-year at 1.55 million troy ounces of gold equivalent, which is a mix of gold and other metals..Production in 2020 is seen at 1.6 million ounces..  Full Article

Polymetal approves start of Nezhda gold project construction
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Polymetal International PLC says::It has completed a feasibility study on the Nezhda gold project based on an updated ore reserve estimate reported in accordance with the JORC.Its board has approved the start of project construction.Pre-production capital expenditures are estimated at $234 million.First production is planned for Q4 2021 with a full ramp-up by Q2 2022.Nezhda will contribute to dividends per share in 2022.  Full Article

Polymetal Agrees To Sell Kapan Mine For $55 Mln
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Polymetal International PLC ::POLYMETAL AGREES TO SELL THE KAPAN MINE.SALE OF KAPAN MINE IN REPUBLIC OF ARMENIA FOR A TOTAL CONSIDERATION OF $55 MILLION.PLANS TO USE PROCEEDS FROM TRANSACTION TO REDUCE DEBT..  Full Article

Polymetal Consolidates 100% Interest In Saum
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Polymetal International PLC ::POLYMETAL INTEREST PLC - POLYMETAL CONSOLIDATES 100% INTEREST IN SAUM.POLYMETAL - POLYMETAL INTERNATIONAL PLC ACQUIRES REMAINING 20% STAKE IN SAUM MINING COMPANY LLC.POLYMETAL - TOTAL CONSIDERATION FOR REMAINING STAKE IN SAUM COMPRISED $ 7 MILLION PAID TO PRIVATE SELLER BY ISSUING 834,055 NEW ORDINARY SHARES.  Full Article

Polymetal Says Co Secured Fixed Rate Loan Of 250 Mln Dollars With Alfa-Bank
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Polymetal International PLC ::ANNOUNCE THAT IT SECURED A LONG-TERM 5-YEAR FIXED RATE LOAN IN AMOUNT OF US$250 MILLION WITH ALFA-BANK.  Full Article

Polymetal International Sees Stronger Production And Free Cash Flow Generation In H2
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Polymetal International PLC ::H1 REVENUE 789 MILLION USD.EXPECT STRONGER PRODUCTION AND FREE CASH FLOW GENERATION FOR SECOND HALF.REMAINS ON TRACK TO MEET ITS 2018 PRODUCTION GUIDANCE OF 1.55 MOZ OF GOLD EQUIVALENT.TCC AND AISC ARE EXPECTED TO BE WITHIN GUIDANCE RANGE OF US$ 650-700/GE OZ AND US$ 875-925/GE OZ, RESPECTIVELY.INTERIM DIVIDEND OF US$ 0.17 PER SHARE (1H 2017: US$ 0.14 PER SHARE).HY ADJUSTED EBITDA MARGIN INCREASED BY 1PCT TO 39PCT (1H 2017: 38PCT).  Full Article

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

Otkritie bank shifts to growth mode as clean-up almost done -CEO

MOSCOW, Nov 16 Otkritie bank, rescued by Russia's central bank last year, has almost finished its clean up and is switching its focus to growth this year, Chief Executive Mikhail Zadornov told Reuters.