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Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

703.80GBp
20 Apr 2018
Change (% chg)

8.20 (+1.18%)
Prev Close
695.60
Open
695.60
Day's High
706.20
Day's Low
691.20
Volume
898,417
Avg. Vol
991,578
52-wk High
1,073.99
52-wk Low
577.80

Latest Key Developments (Source: Significant Developments)

Russia's Polymetal sells its stake in gold deposit in Kazakhstan
Wednesday, 14 Mar 2018 03:00am EDT 

March 14 (Reuters) - Russian gold and silver producer Polymetal says::Signs agreement for the sale of its 50 percent stake in Dolinnoye gold property in Kazakhstan..  Full Article

Polymetal Recommends Payment Of Dividend Of 30 Cents Per Share
Monday, 12 Mar 2018 03:04am EDT 

March 12 (Reuters) - Polymetal International Plc ::BOARD OF DIRECTORS OF COMPANY HAS RECOMMENDED PAYMENT OF A FINAL DIVIDEND OF US$ 0.30 PER SHARE FOR YEAR ENDED 31 DECEMBER 2017.  Full Article

Russia's Polymetal says 2017 net income down 10 pct
Monday, 12 Mar 2018 03:02am EDT 

March 12 (Reuters) - Polymetal International Plc says::2017 net earnings amounted to $354 million, down 10 percent year on year.2017 underlying net earnings at $376 million, down 1 pct y/y.2017 adjusted EBITDA at $745 million, down 2 pct y/y.2017 revenue at $1.8 billion, up 15 pct y/y.Reiterates production guidance for 2018 and 2019 of 1.55 moz and 1.7 moz of gold equivalent, respectively.The board has proposed a final dividend of $0.30 per share, representing 50 percent of H2 2017 underlying net earnings..  Full Article

Polymetal International Says FY Revenue Rose 15 Pct
Monday, 12 Mar 2018 03:02am EDT 

March 12 (Reuters) - Polymetal International Plc ::FY REVENUE ROSE 15 PERCENT TO 1.815 BILLION USD.FY ADJUSTED EBITDA WAS US$745 MILLION, DOWN 2% COMPARED TO 2016.FINAL DIVIDEND OF $ 0.30 PER SHARE (APPROX. US$ 129 MILLION) ABT 50% OF GROUP'S UNDERLYING NET EARNINGS FOR 2H 2017 HAS BEEN PROPOSED.REITERATES ITS PRODUCTION GUIDANCE FOR 2018 AND 2019 OF 1.55 MOZ AND 1.7 MOZ OF GOLD EQUIVALENT, RESPECTIVELY.TCC IN 2018 ARE EXPECTED TO BE IN RANGE OF US$ 650-700/GE OZ WHILE AISC ARE EXPECTED AT US$ 875-925/GE OZ.  Full Article

Russia's Polymetal says ore and gold reserves up in 2017
Monday, 5 Mar 2018 02:00am EST 

March 5 (Reuters) - Russian gold and silver producer Polymetal International Plc said on Monday::The company increased its ore reserves by 5 percent in 2017 to 20.9 million ounces of gold equivalent..Gold reserves were 5 percent up at 18.4 million ounces, while silver reserves decreased by 3 percent to 158 million ounces last year..The company expects 2018 to result in further significant extensions of reserves and resources..  Full Article

Polymetal Says ‍Stake Increase In Prognoz Silver Property​
Monday, 19 Feb 2018 02:00am EST 

Feb 19 (Reuters) - Polymetal International Plc ::STAKE INCREASE IN PROGNOZ SILVER PROPERTY​.‍ENTERED AGREEMENT TO INCREASE STAKE IN PROGNOZ SILVER PROPERTY TO 50% THROUGH ACQUISITION OF 45 PERCENT OWNERSHIP IN ASSET.‍TOTAL CONSIDERATION OF US$ 72 MILLION TO BE PAID IN POLYMETAL SHARES FOR STAKE INCREASE IN PROGNOZ SILVER PROPERTY​.  Full Article

Russia's Polymetal to increase stake in silver deposit in Russia
Monday, 19 Feb 2018 02:00am EST 

Feb 19 (Reuters) - Russia's Polymetal says: :Has entered into an agreement to increase its stake in the Prognoz silver property to 50 percent through the acquisition of a further 45 percent ownership in the asset for a total consideration of $72 million to be paid in Polymetal shares;.Believes that Prognoz is the largest undeveloped primary silver deposit in Eurasia;.Currently, Polymetal holds a 5 percent indirect stake in Prognoz, with an option to acquire an additional 45 percent from Polar Acquisition Limited. The other 50 percent of Prognoz is owned by Garden Ring Capital, a Russian private equity group;.The transaction is expected to close in the first quarter of 2018, subject to regulatory approvals..  Full Article

Polymetal Says Produced 405 Koz Of Gold Equivalent In Q4 2017
Wednesday, 24 Jan 2018 02:00am EST 

Jan 24 (Reuters) - Polymetal ::‍PRODUCED 405 KOZ OF GOLD EQUIVALENT (GE) IN Q4 2017, AN 8% INCREASE OVER SAME PERIOD IN PREVIOUS YEAR​.‍TOTAL GE PRODUCTION FOR FY 2017 INCREASED 13% YEAR-ON-YEAR TO 1,433 KOZ​.REITERATES ITS PRODUCTION GUIDANCE FOR 2018 AND 2019 OF 1.55 MOZ AND 1.7 MOZ OF GOLD EQUIVALENT, RESPECTIVELY​.‍CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE SLIGHTLY LOWER COMPARED TO 2017 AT ROUGHLY $400 MILLION​.  Full Article

Russia's Polymetal Q3 sales up 17 percent y/y
Monday, 16 Oct 2017 02:00am EDT 

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 down 27 pct y/y
Tuesday, 29 Aug 2017 02:05am EDT 

Aug 29 (Reuters) - Polymetal International Plc says::H1 net earnings at $120 million versus $165 million in H1 2016;.H1 adjusted EBITDA at $257 million, down 12 percent year-on-year;.An interim dividend of $0.14 per share (H1 2016: $0.09 per share), representing 50 percent of the group's underlying net earnings for H1 2017, is proposed by the board..Polymetal remains on track to meet its 2017 production guidance of 1.40 Moz of gold equivalent..  Full Article