Polymetal

Polymetal increased its share in Prognoz to 100% for $140 mln

Polymetal Int has acquired 50% in the Prognoz silver deposit in Yakutia, increased its share in the project to 100%, the company reports.

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In 2023 Polymetal to reach an annual output of 1.9 million ounces.

Compared with the result of 2017, the production will almost double.

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Polymetal gets an option to purchase 75.3% of the Nezhdaninsk deposit.

Polymetal sent notice of the exercise of the option to purchase the remaining stake of 75.3% in the Nezhdaninsk gold deposit, the company reports.

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Since the beginning of the year, Polymetal received $354 mln due to sale of metals

In the first quarter of 2018, Polymetal Int earned $354 million due to sale of gold, silver, copper and zinc. Compared with January-March 2017, the revenue growth amounted to 19%.

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Polymetal to produce up to 10.5 tons of gold from the Baikirchik plant from 2019.

LLP "Bakyrchik Mining Enterprise" (part of Polymetal) plans to reach full capacity in half a year and from 2019 it will produce up to 10.5 tons of gold at the Bakyrchik field (the Ky

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In Q1, Polymetal produced 295 thousand ounces of gold equivalent

Polymetal Int has published results of its activity in the first quarter of 2018. According to the company's report, the total production amounted to 295 thousand ounces of gold equivalent.

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Polymetal intends to get all the silver Prognoz soon.

In Q2 2018 Polymetal Int (consolidates the assets of Polymetal) expects to consolidate 100% of the silver project Prognoz in Yakutia, Vitaliy Nesis, the company's chief executive stated during

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In Q1 Polymetal increases production of precious metals by 5% y/y.

In Q1 2018 one of the largest producers of precious metals in Russia increased metal mining by 5 percent in annual comparison to 295,000 troy ounces in terms of gold equivalent, the company infomed

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"Omolon ZRK" completes the delivery of the ore on winter roads to the Kubaka Mill.

In the period from October 2017 to March 2018 the company delivered 523 thousand tons of ore.

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Polymetal receives 50% of Prognoz and East-Tarutinskoye deposit

Polymetal, as announced in February, has prematurely implemented an option to increase its stake in the Prognoz silver deposit, paying $72 million with its own shares for 45%.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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