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Polymetal drops dividend as Russian inflation bites

FSU-focused gold miner reported surging operating costs as Russia experiences domestic inflation due to sanctions, as it suspends dividend payment.

Polymetal drops dividend as Russian inflation bites Polymetal drops dividend as Russian inflation bites Polymetal drops dividend as Russian inflation bites Polymetal drops dividend as Russian inflation bites Polymetal drops dividend as Russian inflation bites

Polymetal reported a net loss of US$288 million in 2022, negative free cash flow of US$445 million compared to positive cash flow of US$418m a year earlier.