PROJECT FINANCE

Polyus signs US$150M credit facility

SocGen facility secured by domestic gold sales contract with unnamed Russian bank

Staff reporter

This article is 7 years old. Images might not display.

The miner's first pre-export financing type credit facility is due for repayment in 2024 and has been secured by a domestic gold sales contract with an unnamed Russian bank.

Senior vice president, finance and strategy Mikhail Stiskin, said the ability to access new sources of finance was due to Polyus' "solid operational and financial performance, as well as our commitment to transparent financial reporting and adherence to best practice corporate governance".

He said the company continued to proactively manage its debt portfolio and explore new opportunities to increase financing flexibility.

In September, the miner announced a "general liquidity management" move, which comprised a large buyback, covering bonds due 2020, 2022, 2023 and 2024 at a maximum cost of $300 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.