Polymetal International plc is a precious metals mining group principally engaged in the exploration, development, production and sale of gold and silver. The company’s integrated operations encompass underground and open-pit mining as well as ore processing, with a focus on maximising resource recovery and maintaining cost efficiency. Polymetal’s product slate includes doré bars and concentrates, which are sold to international customers under long-term offtake arrangements and spot market contracts.
Polymetal maintains a diversified portfolio of producing assets and development projects across Russia, Kazakhstan and Armenia. Key operations include the Kyzyl gold mine in Russia’s Krasnoyarsk region, the Dukat silver mine in Magadan, and the Varvara gold complex in Kazakhstan’s Aktobe region. Alongside its core mines, the company pursues exploration targets in established districts to replenish reserves and extend mine lives, leveraging advanced geological modelling and regional expertise to identify high-grade prospects.
Founded in 1998 by entrepreneur Alexander Nesis, Polymetal is headquartered in Saint Petersburg, Russia, with a corporate office in London. The group is chaired by its founder, Alexander Nesis, and managed by a senior leadership team drawn from across the mining and finance sectors. Over its history, Polymetal has built a reputation for disciplined capital allocation, operational excellence and a commitment to environmental stewardship and community engagement in the regions where it operates.
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