Polymetal to sell Russian business for $3.7bn
19th Feb 2024 09:35
(Sharecast News) - Polymetal International said on Monday that it has agreed to sell its Russian business to Russian precious metals miner Mangazeya Mining for around $3.69bn.
Read morePolymetal considers sale of Russian arm
5th Jun 2023 15:00
(Sharecast News) - Polymetal said on Monday that it is considering the sale of its Russian business following the resignation of two bosses and due to sanctions by the US.
Read morePolymetal shares tank after Russia ops hit by US sanctions
22nd May 2023 11:50
(Sharecast News) - Shares in gold producer Polymetal tanked on Monday after the US placed its Russian operations on a sanctions list in retaliation for Moscow's invasion of Ukraine, although the company stressed the measures did not impact assets outside Russia.
Read morePolymetal flips into negative free cash flow amid sanctions, but upbeat on outlook
16th Mar 2023 09:03
(Sharecast News) - Polymetal decided to forego dividend payments for 2022 in order to preserve flexibility in navigating what it termed "a highly volatile and uncertain external environment".
Read morePolymetal 2022 production in line, mulls Kazakh move
25th Jan 2023 08:00
(Sharecast News) - Russia-focused gold and silver miner Polymetal said it was considering a moving its domicile to Kazakhstan from Jersey as it sought to find a jurisdiction deemed to be "friendly" by Moscow.
Read morePolymetal Q3 revenues drop despite higher gold production
2nd Nov 2022 11:52
(Sharecast News) - Miner Polymetal reported a drop in third-quarter revenues on Wednesday amid weaker metal prices and increased inventories as a result of supply chain woes.
Read morePolymetal swings into the red as Russian pressures mount
22nd Sep 2022 09:10
(Sharecast News) - Polymetal International swung to a half-year loss after gold sales lagged production, the mining giant said on Thursday.
Read morePolymetal achieves first gold production at Kutyn mine
20th Sep 2022 08:26
(Sharecast News) - Mining giant Polymetal International said on Tuesday that it had achieved first gold production at its Kutyn mine in Far East Russia.
Read morePolymetal Q2 revenues fall as Russia sanctions continue to weigh
21st Jul 2022 09:50
(Sharecast News) - Anglo-Russian precious metals miner Polymetal reported a drop in second-quarter revenues on Thursday as it said sanctions against Russia have continued to impact sales.
Read morePolymetal considering sale of Russian assets, shares surge
19th Jul 2022 16:00
(Sharecast News) - Polymetal surged on Tuesday after the Anglo-Russian precious metals miner said it was considering disposing of its Russian assets.
Read morePolymetal cash-flow generation impacted by difficulties and delays in sales channels
23rd Jun 2022 09:03
(Sharecast News) - Mining giant Polymetal International said on Thursday that both difficulties and delays in setting up new sales channels had continued, resulting in a drop in cash-flow generation.
Read morePolymetal Q1 revenues rise on higher gold prices
25th Apr 2022 07:24
(Sharecast News) - Russian gold and silver miner Polymetal on Monday reported a rise in first-quarter revenue, driven by higher prices and despite a fall in production.
Read morePolymetal shelves dividend as Ukraine sanctions bite
13th Apr 2022 07:48
(Sharecast News) - Polymetal International has shelved payment of its final dividend because of uncertainty over its financial position caused by sanctions linked to the war in Ukraine.
Read moreDeloitte resigns as Polymetal auditor due to Russia links
8th Apr 2022 08:04
(Sharecast News) - Anglo-Russian precious metals miner Polymetal said on Friday that Deloitte has resigned as its auditor because of its links with Russia.
Read moreBerenberg downgrades Polymetal, upgrades Hochschild
6th Apr 2022 15:56
(Sharecast News) - Berenberg downgraded Polymetal on Wednesday to 'hold' from 'buy', citing heightened uncertainty around the Russian assets and saying it has changed its valuation to be based on the NAV of the Kazakh assets alone.
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