Polymetal International PLC is a precious metals mining group focused on the exploration, production and processing of gold and silver. The company operates as a vertically integrated producer, overseeing each stage of the value chain from greenfield exploration through to metallurgical processing. Polymetal’s ordinary shares are listed on the London Stock Exchange, and its American depositary shares trade over-the-counter under the ticker POYYF.
Polymetal’s core operations are located in the Russian Federation and the Republic of Kazakhstan, where it holds interests in a portfolio of open-pit and underground mines. Key assets include the Kyzyl gold complex in southern Kazakhstan and the Dukat silver mine in Russia’s Magadan region. The company produces both doré bars and concentrates, supplying international metal markets and refining partners.
In addition to its producing assets, Polymetal maintains an active exploration program across its license areas, targeting resource replacement and project development. It operates metallurgical facilities that employ conventional gravity and flotation technologies as well as more advanced leaching and carbon-in-leach circuits to optimize recoveries. The group also pursues selective bolt-on acquisitions to bolster its reserve base and extend mine life.
Founded in the early 2000s and headquartered in Saint Petersburg, Polymetal International has grown through a combination of organic development and strategic acquisitions. The company is led by founder and Chief Executive Officer Vitaly Nesis, with a management team drawn from the mining industry in Eurasia. Polymetal emphasizes sustainable mining practices, including environmental stewardship, workforce safety and community engagement at each of its operating sites.
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