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June 30, 2015 4:59 AM ET

Metals and Mining

Company Overview of Polymetals Mining Limited

Company Overview

Polymetals Mining Limited is engaged in exploring and mining of gold properties in Australia. It principally holds a 100% interest in the Mt Boppy gold project covering 204 square kilometers in New South Wales; and a 75% interest in Turner River gold and base metal projects that covers 812 square kilometers in west Australia. The company was formerly known as Polymetals Group Pty Ltd. Polymetals Mining Limited was founded in 1986 and is based in Samford, Australia.

29 Main Street

Samford, QLD 4520


Founded in 1986


61 7 3289 3313


61 7 3289 3314

Key Executives for Polymetals Mining Limited

Founder, Chairman, Chairman of Remuneration & Nomination Committee and Member of Audit and Risk Management Committee
Age: 52
Chief Financial Officer and Secretary
Executive General Manager of Exploration
Compensation as of Fiscal Year 2014.

Polymetals Mining Limited Key Developments

Polymetals Mining Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2013

Polymetals Mining Limited reported audited consolidated earnings results for the year ended June 30, 2013. For the period, the company reported total income of AUD 495,000 compared to AUD 1,085,000 a year ago. Loss before income tax was AUD 5,222,000 compared to AUD 2,713,000 a year ago. Loss from continuing operations was AUD 2,900,000 or AUD 7.64 per basic and diluted share compared to AUD 1,459,000 or AUD 3.99 per basic and diluted share a year ago. Loss attributable to members of company was AUD 2,054,000 or AUD 5.41 per basic and diluted share compared to profit attributable to members of company of AUD 5,666,000 or AUD 15.50 per basic and diluted share a year ago. Net cash provided by operating activities was AUD 1,303,000 compared to AUD 3,214,000 a year ago. Payments for property, plant and equipment were AUD 806,000 compared to AUD 1,486,000 a year ago. Payments for exploration and development were AUD 4,954,000 compared to AUD 7,724,000 a year ago.

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