Polymetal shareholders approve sale of Russian assets

Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.

BlackRock reduces stake in Polymetal International

US investment firm BlackRock has reduced its stake in precious metals producer Polymetal International to 7.45% from 9.91%, the gold and silver miner said on Friday.

Polymetal to drop out of top 10 gold miners on Russia sale

Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.

Polymetal to sell Russian business in one piece

Mining News Pro - Gold and silver producer Polymetal International plans to sell all of its Russian assets rather than split them up, and will hire an adviser for the deal soon, chief executive Vitaly Nesis said on Thursday.

Polymetal plans to sell Russian assets under sanctions in 6-9 months

Mining News Pro - Gold and silver producer Polymetal International, which had planned to separate its Russian and Kazakh businesses, now intends to sell assets in Russia under US sanctions within six to nine months, CEO Vitaly Nesis said on Wednesday.

Polymetal considers divestment of Russian business

Mining News Pro - Gold and silver producer Polymetal International is considering divesting its Russian operations and senior managers have resigned from Russia-related duties after the imposition of US sanctions, the company said on Monday.

Polymetal plays down scope of sanctions as London-listed shares tank

Mining News Pro - Gold producer Polymetal International PLC sought to play down the impact of US sanctions on its Russian operations as its London-listed shares tanked on Monday, emphasizing that the restrictions did not affect its business outside Russia.

The Metals Company deep-water tests polymetallic nodule collector vehicle in Atlantic

Mining News Pro - The Metals Company, an explorer of lower-impact battery metals from seafloor polymetallic nodules, announced Tuesday it has completed initial deep-water trials of the polymetallic nodule collector vehicle in the Atlantic Ocean.

Polymetal shuns local sales in favor of exports

Mining News Pro - Polymetal International Plc, a London-listed gold miner operating mainly in Russia, said it’s avoiding selling to the country’s banks as they will only buy at a discount.

UK chairman of Polymetal among ‘mass exodus’ from Russian firms

Mining News Pro - Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal and metals and hydropower group EN+, have quit in response to the conflict in Ukraine.

Polymetal hikes 2021 capex guidance

Mining News Pro - Polymetal on Thursday announced a new capital expenditure (capex) guidance for 2021, on the back inflationary cost pressures and the acceleration of a new silver project to take advantage of the favourable market.

Polymetal hikes 2021 capex guidance

Mining News Pro - Polymetal on Thursday announced a new capital expenditure (capex) guidance for 2021, on the back inflationary cost pressures and the acceleration of a new silver project to take advantage of the favourable market.

Polymetal reports coronavirus outbreak at one of its deposits

Mining News Pro - Russian gold and silver producer Polymetal said on Monday that about 100 people had tested positive for the new coronavirus at its Mayskoye deposit in Russia`s Far East.

Polymetal to build $80m Kutyn gold project

Mining News Pro - The $80-million Kutyn gold project, about 100 km from the Albazino mine in Far East Russia, has received board approval and will proceed to construction, London- and Moscow-listed Polymetal announced on Tuesday.

Polymetal installs autoclave at POX-2

Mining News Pro - Russian gold miner Polymetal has reached a “crucial” project milestone with the installation of the autoclave vessel at the POX-2 construction site, keeping the project on track for completion in three years’ time.

Russia’s Uralmashplant ships new hoist to Siberian Polymetals’ Korbalikhinsky mine

Mining News Pro - Uralmashplant (UZTM) recently began the shipment of a mine hoist to Siberia Polymetals JSC (an enterprise of UMMC). Hoist SHPM 5×4 kn is intended for a mine under construction at the Korbalikhinsky ore deposit. This is the second machine of this type manufactured at UZTM.

Polymetal has a `clear path to full ownership of Veduga`

Mining News Pro - Russian gold mining company Polymetal on Friday announced a transaction to streamline the ownership structure of the Veduga deposit and aid in advancing project development.

Stronger gold drives Polymetal profit to record high

Mining News Pro - Polymetal said on Wednesday its 2019 net earnings rose 36% to a record high of $483 million due to stronger global gold prices and higher output.

Allseas buys deepwater drill ship to adapt for polymetallic nodule mining with partner DeepGreen Metals

Mining News Pro - Allseas has acquired the former ultra-deepwater drill ship “Vitoria 10000” for conversion to a polymetallic nodule collection vessel. She is 228 m long, 42 m wide, and can accommodate 200 people.

Premier to pay $7M for polymetallic property

Mining News Pro - Premier Gold Mines announced this week that it entered into an agreement with Americas Silver Corp. to acquire an option to purchase a 100% interest in the San Felipe polymetallic property in Mexico.

Record output drives revenue at Russia`s Polymetal up 11% in Q4

Mining News Pro - Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan.

Sun Metals shows polymetallic potential at Stardust

Mining News Pro - Sun Metals (TSXV: SUNM; US-OTC: SMTTF) has announced the final results from its 15,000-metre, 2018 drill program at its Stardust polymetallic project in north-central British Columbia.

Russia`s Polymetal starts construction at new gold mine

Mining News Pro - MOSCOW, Nov 12 (Reuters) - Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday.

Polymetal sells platinum exploration project

Mining News Pro - Precious metals miner Polymetal has sold its Svetlobor platinum exploration project to a group of Russian buyers for $5.5-million in cash.

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