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Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Russia's Polymetal Q2 gold production down 12 pct y/y
Tuesday, 19 Jul 2016 02:20am EDT 

Russia's gold producer Polymetal says: Q2 gold equivalent production down 12 percent year-on-year . to 262,000 troy ounces mainly due to the planned grade declines at Okhotsk and Omolon as well as traditionally volatile quarterly grade performance at Dukat; . Says Q2 revenue down 12 percent y/y to $307 million; .Says on track to produce 1.26 million ounces of gold equivalent in 2016..  Full Article

Russia's VTB decreases stake in Polymetal
Monday, 27 Jun 2016 01:03pm EDT 

VTB :Says decreased its stake in Polymetal International Plc to 4.96 percent from 5.15 percent.  Full Article

Russia's Polymetal International Plc recommends $0.13 per share in 2015 dividends - Reuters
Tuesday, 29 Mar 2016 12:11am EDT 

Polymetal International Plc:Board of directors recommends payment of a final dividend of $0.13 per ordinary share on 2015 results - Reuters.  Full Article

Polymetal International PLC acquires Kapan Gold Mine in Armenia from Dundee Precious Metals Inc
Wednesday, 2 Mar 2016 12:01am EST 

Polymetal International PLC:Says it has entered into binding agreements with Dundee Precious Metals Inc. (Dundee) for the acquisition of CJSC Dundee Precious Metals Kapan (DPMK), the holding company for the Kapan Gold Mine (Kapan) in the Republic of Armenia.The total consideration payable for the shares in DPMK at completion is $25 million, subject to certain working capital adjustments.The consideration will consist of $10 million payable in cash, which will be satisfied from existing cash balances, and $15 million payable in Polymetal shares.In addition, Dundee will receive a 2 pct NSR2 (Net Smelter Return) royalty on the future production from the Kapan Gold Mine capped at $25 million.  Full Article

Polymetal International PLC reconfirms production guidance for 2016 and 2017
Wednesday, 20 Jan 2016 11:00pm EST 

Polymetal International PLC:Reconfirms its production guidance for 2016 and 2017, which will comprise 1.23 Moz of gold equivalent and for 2017 at 1.30 Moz of gold equivalent (after restatement of the gold/silver price ratio to 1/80).  Full Article

Polymetal International PLC creates JV with Polyus Zoloto OAO at Nezhdaninskoye deposit
Thursday, 24 Dec 2015 12:00am EST 

Polymetal International PLC:Announces that it has entered into a joint venture with Polyus Zoloto OAO (Polyus Gold), under which Polymetal will participate in advancing the development of the Nezhdaninskoye gold deposit in Yakutia, Russia.The arrangement will allow Polymetal to acquire up to 50 pct in the joint venture entity holding 100 pct of JSC South-Verkhoyansk Mining Company (SVMC) through an earn-in mechanism.SVMC, which is currently a 100 pc subsidiary of Polyus Gold, holds the mining and exploration licensefor the property as well as certain infrastructure adjacent to the deposit.During the first stage Polymetal will obtain 15.3 pct interest in the JV.The total amount of Polymetal's investment at this stage will be$18 million in cash, of which $10 million will be ultimately paid to Polyus Gold and $8 million1 will be invested in SVMC and used to fund exploration activities and expenses of SVMC during the first 15 months.Stage 2 investment will comprise $72 million in cash and will be carried out from month 16 to month 52 from the date of forming the joint venture.The investment will be used to finance construction and ramp-up of the underground mine and processing plant.Upon completion of Stage 2, SVMC will operate as a 50:50 joint venture between Polymetal and Polyus Gold, with Polymetal acting as a managing partner.  Full Article

Polymetal International PLC approves special dividend and Kyzyl gold project construction
Thursday, 3 Dec 2015 12:01am EST 

Polymetal International PLC:Says board approved a special dividend of $0.30 per share for the year ending Dec. 31 and made a positive decision to proceed with the construction and development of the Kyzyl gold project.Record date is Dec. 11, dividend payment date Dec. 24.  Full Article

Polymetal International PLC agrees to settle Kyzyl put option
Tuesday, 22 Sep 2015 12:00am EDT 

Polymetal International PLC:Polymetal has agreed to settle the Kyzyl put option for a net consideration of $68 million.As a result of the net settlement, Polymetal will allow to maintain regular dividend payments and to consider special dividends for the current year in accordance with its dividend policy.Polymetal shares subject to the put option arrangement will be transferred from Sumeru Gold B.V. to financial group Otkritie.Otkritie will become the owner of 31,347,078 shares (7.40% of the total issued share capital of Polymetal).  Full Article

Polymetal International PLC declares dividend of $0.08 per share
Tuesday, 25 Aug 2015 02:03am EDT 

Polymetal International PLC:Resolves to pay interim dividend of $0.08 per ordinary share for six months ended June 30, 2015 ( H1 2014: $0.08).Says dividend will be paid on Sept. 25, in US Dollars, with an option for shareholders to elect to receive dividend in pounds sterling.Says such election should be made not later than Sept. 7.  Full Article

Polymetal International plc announces acquisition of Primorskoye property
Monday, 13 Jul 2015 02:00am EDT 

Polymetal International plc:Says that it has purchased 100 pct. interest in the company holding the licence for the Primorskoye silver-gold property located in the Magadan region of Russia from Decamor Investments Limited.Initial consideration of $4.5 million payable by issuing 5 33 , 301 new company shares 0.1 pct. of Polymetal's increased ordinary share capital).Says deferred conditional cash consideration, with the exact amount based on the audited reserve estimate and equal to of $13,333 per tonne of contained silver equivalent (translating into $0.415 per silver equivalent ounce).  Full Article

BRIEF-Russia's VTB decreases stake in Polymetal

* Says decreased its stake in Polymetal International Plc to 4.96 percent from 5.15 percent Source text - http://bit.ly/295ozIh