PROFIT & LOSS

Polymetal profits soar but flags higher costs, inflation in '21

Net profits at FTSE 100 listed miner Polymetal more than doubled year-on-year in 2020 to just over US$1 billion, driven by a surge in metal prices and production. However, the company is set to be hit by higher costs and inflation in 2021.

Polymetal's adjusted EBITDA leapt 57% to US$1.6 billion in 2020

Polymetal's adjusted EBITDA leapt 57% to US$1.6 billion in 2020

Adjusted EBITDA leapt 57% to US$ 1.6 billion year-on-year driven by higher production, lower cash costs and strong gold and silver prices, with realised prices up 27%, on average, last year.    The...

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