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Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Russia's Polymetal Q1 revenue up 28 pct y/y
Thursday, 18 Apr 2019 

April 18 (Reuters) - Russian gold and silver producer Polymetal International PLC says::First-quarter revenue rose 28 percent to $454 million from $354 million in the same period last year. .First-quarter gold equivalent output rose 27 percent to 374,000 ounces compared with 295,000 ounces last year. .Gold production in the first quarter was up 41 percent year-on-year, while silver output fell 15 percent due to a planned grade decline at the Dukat underground mine. .Gold output at the Kyzyl mine was at 78,000 oz with 92,000 oz produced in concentrate, it said. .Net debt rose 12 percent during the quarter to $1.704 billion as of March 31..Polymetal said it was on track to produce 1.55 million oz of gold equivalent in 2019. .  Full Article

Polymetal Intends To Propose Resolution At AGM To Appoint Kirillov As Director
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Polymetal International PLC ::POLYMETAL - BOARD INTENDS TO PROPOSE ORDINARY RESOLUTION FOR CONSIDERATION AT AGM WHICH, IF PASSED, WOULD APPOINT KIRILLOV AS A DIRECTOR OF COMPANY.POLYMETAL- BELIEVES THERE IS NO DEMONSTRABLE CHANGE TO NATURE OF KIRILLOV'S NOMINATION, RE-INSTATES RECOMMENDATION NOT TO SUPPORT KIRILLOV'S ELECTION.POLYMETAL - DUE TO NATURE OF KIRILLOV'S NOMINATION BY OTKRITIE, HE (IF APPOINTED) WILL NOT BE CONSIDERED INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY.  Full Article

Polymetal Announces First Strategic Partnership With Junior For Early-Stage Exploration In Russia
Monday, 1 Apr 2019 

April 1 (Reuters) - Polymetal International PLC ::ANNOUNCE ITS FIRST STRATEGIC PARTNERSHIP WITH A JUNIOR FOR EARLY-STAGE EXPLORATION IN TAIMYR PENINSULA, RUSSIA.POLYMETAL WILL HOLD 70% IN TAIMYR JV BY WAY OF INITIAL CASH INVESTMENT OF $1.9 MILLION TOWARDS AGREED FIELD PROGRAM.CO WILL HAVE OPTION TO INCREASE ITS STAKE IN PROJECT TO 100% FOLLOWING COMPLETION OF AN INITIAL JORC-COMPLIANT MINERAL RESOURCE ESTIMATE.WILL CONTINUE TO EVALUATE OTHER INVESTMENT OPPORTUNITIES AND PARTNERSHIPS WITH JUNIOR EXPLORERS IN RUSSIA.  Full Article

Russia's Polymetal says 2018 adjusted EBITDA up 5 pct yr/yr
Monday, 11 Mar 2019 

March 11 (Reuters) - Russian gold and silver producer Polymetal says::Revenue stood at $1.882 billion in 2018, up 4 percent year on year.Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at $780 million in 2018, up 5 percent year on year.Underlying net earnings at $447 million in 2018, up 19 percent year on year .Net earnings at $355 million last year, flat year-on-year.The company's board has recommended a final dividend of $0.31 per share for the second half of 2018 .  Full Article

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

Russia considers export ban on precious metals scrap

MOSCOW, March 14 Russia's trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials.