Profiles

Polymetal International is a leading gold and silver producer in Russia and Kazakhstan. Since it was founded, the Company has built a focused portfolio of high quality assets with an attractive growth profile by developing new mines, restarting inactive operations and making synergistic acquisitions. It is driven by the core objective to create long term value and deliver sustainable dividend yield to our stakeholders. Its strategy is to continually increase the company’s production through investments in the reserve base expansions and growth projects, and technological improvements. Corporate governance is one of the fundamental aspects of Polymetal's business model. Polymetal International is committed to best practice in corporate governance and upholds strong governance throughout every strand of the organization. The company believe a united and decisive management, along with effective corporate stewardship, is one of the competitive strengths of the company which fosters a centralized business model and underpins its long-term performance. The company is listed on the London and Moscow stock exchanges. Polymetal International is included in the FTSE 250 and FTSE Gold mines. The structure of the company: 74% of shares owned by Nafta-Moscow, Cyprus (99.5% of its shares controlled by Suleyman Kerimov, 0.5% - Chairman of the Board of Directors "Polymetal" and "Nafta-Moscow" Alexander Mosionzhik), trading at 24.8% exchanges.

The company carries out the full complex of work on ore deposits development of, from geological exploration to exploitation. OJSC and its subsidiaries carry out production activities in five gold-silver mining sites in the Magadan, Sverdlovsk and Khabarovsk regions. The company is developing the deposits of Dukat, Moon, Arylakh, Vorontsovskoye, Khakandzhinskoye, Yurievskoye.

Hub/Asset Name of Subsidiary Deposits/Function Country of Incorporation  Interest held (%) as at 30 September 2015 
Dukat Magadan Silver JSC  Dukat, Lunnoye, Arylakh, Goltsovoye, Olcha Russia 100
Omolon Omolon Gold Mining Company LLC Birkachan, Tsokol, Dalneye, Sopka Kvartsevaya, Oroch Russia 100
Albazino Albazino Resources Ltd Albazino  Russia 100
Mayskoye  Mayskoye Gold Mining Company LLC Mayskoye  Russia 100 
Amursk POX  Amur Hydrometallurgical Plant LLC  Downstream processing facility  Russia 100
Voro  Gold of Northern Urals CJSC  Voro Russia 100
Okhotsk Okhotskaya Mining and Exploration Company LLC  Ozerny, Avlayakan Russia  100
Khakandjinskoye LLC Khakanja Russia 100 
Svetloye LLC Svetloye  Russia 100 
 Varvara Varvarinskoye JSC  Varvara Kazakhstan 100
 Vostochnyj basis LLC Tarutin Kazakhstan 50
 Kyzyl Bakyrchik Mining Venture LLC Bakyrchik Kazakhstan 100
Inter Gold Capital LLC Bolshevik Kazakhstan 100
Standalone exploration Semchenskoye Zoloto LLC  Semcha Russia 100
Standalone exploration LV Gold Mining CJSC Lichkvaz Armenia 100
Engineering Polymetal Engineering JSC Research and engineering services Russia 100
Procurement Polymetal Trading Ltd Procurement and logistics Russia 100

Board of Directors:

Bobby Godsell - Chairman, Chair of the Nomination Committee

Vitaly Nesis - Executive Director and Group CEO, Member of the Safety and Sustainability Committee

Christine Сoignard - Senior Independent Non-executive Director, Chair of the Remuneration Committee, Member of the Audit and Risk and the Nomination Committees

Konstantin Yanakov - Non-executive Director

Jean-Pascal Duvieusart - Non-executive Director

Marina Grönberg - Non-executive Director, Member of the Safety and Sustainability Committee

Jonathan Best - Independent Non-executive Director, Chair of the Audit and Risk Committee and Member of the Remuneration Committee

Russell Skirrow - Independent Non-executive Director, Member of the Audit and Risk and Safety and Sustainability Committees

Leonard Homeniuk - Independent Non-executive Director, Chair of the Safety and Sustainability Committee, Member of the Remuneration and Nomination Committees

 

Executive Management Team

Vitaly Nesis - Group CEO

Igor Finogenov - President of JSC Polymetal Management Company

Vitaly Savchenko - Chief Operating Officer

Sergey Cherkashin - Chief Financial Officer

Sergey Trushin - Deputy CEO for Mineral Resources

Roman Shestakov - Deputy CEO, Project Development and Construction

Valery Tsyplakov - Managing Director, JSC Polymetal Engineering

Pavel Danilin - Deputy CEO, Strategic Development

Dmitry Razumov - Deputy CEO, Human Resources

Igor Kapshuk - Deputy CEO, Legal Services

Location: 198216, 2, Prospect Narodnogo opolcheniya, Saint. Petersburg, Russia. Phone: (812) 334-36-64, 334-36-66, 320-83-25, 622-15-56, 622-15-57. Fax: (812) 753-6-376 E-mail: info@polymetal.ru Official website: http://www.polymetal.ru

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As of January 1, Polymetal’s ore reserves of gold estimated at 17.6 mln ounces 03/15/2017 - 05:00
“Polymetal” to start gold processing at Birkachan using new technologies 03/13/2017 - 08:50
Amur GMK to start ore processing from Kyzyl in 2018 02/07/2017 - 05:11
Polymetal has consolidated 100% of Tarutinsky copper deposit 01/31/2017 - 11:32
Engineering development of gold ore project Kyzyl in Eastern Kazakhstan region to be over in Q1 01/30/2017 - 10:55
Polymetal to purchase 50% in a silver deposit in Yakutia 01/20/2017 - 08:37
Fate of Sukhoi Log is determined 01/09/2017 - 07:23
Polymetal has been included in Euromoney Global Gold Index 12/19/2016 - 18:02
Sukhoi Log to be developed by the alliance with a financial institution 12/13/2016 - 15:04
Polymetal’s Board approves special annual dividends for $64 mln 12/08/2016 - 12:41
“Rosgeo” not to take part in an auction for Sukhoi Log, Donskoi 12/07/2016 - 05:51
Polymetal acquired 80% in Saum deposit 12/06/2016 - 06:46
An auction for Sukhoi Log is planned for January26 12/05/2016 - 18:35
Auction for Sukhoi Log to be held in 2017 12/02/2016 - 10:31
JSC “Serebro Magadana” purchases 22 units of new mining equipment 11/22/2016 - 09:09
Auction for Sukhoi Log postponed again 11/16/2016 - 17:41
Polymetal against reviews project of Kyzyl 11/16/2016 - 10:13
PPF wants to withdraw from Polymetal 11/09/2016 - 07:00
Polymetal to continue exploration of Svetloye till 2018 11/06/2016 - 11:03
Auction instructions for Sukhoi Log to be released in the near future 10/27/2016 - 08:54