Company News: Polymetal OAO
Updated: 23 Aug 2010
Polymetal aims to become the leading precious metals mining Group in Russia and the CIS through sustainable long-term growth and superior returns on invested capital.
We aspire to create value for all stakeholders through a three pronged strategy. We seek to:
* invest in existing assets to extend mine life and improve production efficiencies
* create centralized processing facilities to benefit from increase economies of scale
* pursue regional exploration campaigns to identify the next generation of producing assets
By 2012, Polymetal aims to increase gold production by over 100% to 630 Koz and to increase silver production by over 50% to 25.6 Moz.
Gold reserves are expected to increase by 100% to 8 Moz and silver reserves are expected to reach 600 Moz an 50% increase by 2011.
We aspire to create value for all stakeholders through a three pronged strategy. We seek to:
* invest in existing assets to extend mine life and improve production efficiencies
* create centralized processing facilities to benefit from increase economies of scale
* pursue regional exploration campaigns to identify the next generation of producing assets
By 2012, Polymetal aims to increase gold production by over 100% to 630 Koz and to increase silver production by over 50% to 25.6 Moz.
Gold reserves are expected to increase by 100% to 8 Moz and silver reserves are expected to reach 600 Moz an 50% increase by 2011.
Also Known as: Polymetal
Business Category Exploration; Mining
Regions of Operation Central and Northern Asia
Exchange Ticker PMTL
Financial Information
Stock Feed
Exchanges listed on LON
Share Holders
Market Cap
Shares Issued
Prospect Narodnogo Opolcheniya 2,
- St-Petersburg
- 198216
- Russia Federation
Most Recent Company News
- Polymetal to seek joint ventures and acquisitions - 27 Apr 2012 1:41pm
FTSE 100-listed Russian gold producer Polymetal International plc said it planned to actively pursue acquisition opportunities this year, and was likely to announce joint-venture (JV) agreements concerning a Kazakhstan exploration programme and Russian gold project Read more... - Polyus and Polymetal: London children move to acquire parent stock - 10 Feb 2012 12:46pm
Stock in the Moscow-listed OAO Polyus Gold and JSC Polymetal made major climbs this week on the Moscow Interbank Currency Exchange, MICEX Read more... - FTSE index additions - 09 Dec 2011 1:10pm
Polymetal International plc, a precious-metals producer with operations in Russia and Kazakhstan, has announced its admission to the FTSE 100, effective from December 19 Read more... - Polymetal begins trading following successful London raising - 04 Nov 2011 2:08pm
Shares in Polymetal International plc began unconditional trading in London on Wednesday, following a successful raising and re-domiciling process Read more... - Polymetal completes successful raising - 28 Oct 2011 3:44pm
Polymetal International plc has raised nearly half a billion pounds as part of its move to the London Stock Exchange Read more... - Polymetal officially announces London move - 07 Oct 2011 2:26pm
JSC Polymetal, a Russian gold and silver miner, has officially announced its previously-anticipated move to the London Stock Exchange, and plans to raise US$500 million Read more... - Polymetal to list in London - 30 Sep 2011 12:53pm
JSC Polymetal, a Russian gold and silver miner, has officially announced its plans to redomicile in the UK Read more... - Polymetal earnings jump, despite lower production and higher costs - 30 Sep 2011 11:48am
Polymetal JSC has reported a 77% increase in earnings in the six months to the end of June, despite lower gold (12% down) and silver (15% down) production compared with a year ago. Read more... - Russia: Back on track - 26 Aug 2011 11:30am
Russia was hit hard by the global recession in 2008, but its mining industry is now regaining its strength Read more... - Polymetal revenue up 25% - 29 Jul 2011 12:02pm
Precious metal producer OAO Polymetal has reported a 26% rise in second-quarter revenue Read more...
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