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Last 544.00 GBp
Change Today -7.50 / -1.36%
Volume 14.7K
POLY On Other Exchanges
As of 3:55 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

polymetal international plc (POLY) Snapshot

553.00 GBp
Previous Close
551.50 GBp
Day High
555.00 GBp
Day Low
543.50 GBp
52 Week High
02/9/15 - 634.00 GBp
52 Week Low
10/23/14 - 440.48 GBp
Market Cap
Average Volume 10 Days
-0.50 GBp
Shares Outstanding
0.20 GBp
Dividend Yield

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polymetal international plc (POLY) Details

Polymetal International Plc operates as a precious metals mining company in the Russia Federation and Kazakhstan. The company produces gold, silver, and copper, as well as explores for coal and platinum group metals. Its flagship project is the Dukat hub situated in the northeast of Magadan, the Russia Federation. In addition, it has various mining assets, such as Omolon hub, Amursk POX hub, Albazino, Mayskoye, Khakanja, Voro, and Kyzyl projects located in the Russia Federation, as well as Varvara project located in the Kazakhstan. Its exploration portfolio includes 42 licenses with an area of approximately 8,130 square kilometers. Polymetal International plc was founded in 1998 and is headquartered in Saint Petersburg, the Russia Federation.

7,516 Employees
Last Reported Date: 04/16/15
Founded in 1998

polymetal international plc (POLY) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: $868.1K
Compensation as of Fiscal Year 2014.

polymetal international plc (POLY) Key Developments

Polymetal International plc Reports Group Production and Net Debt Results for the First Quarter Ended March 31, 2015; Reaffirms Production Guidance for the Year 2015

Polymetal International Plc reported group production and net debt results for the first quarter ended March 31, 2015. For the quarter, the company produced 299 Koz of gold equivalent compared to 316 Koz a year ago, down 5% year-on-year, mainly due to planned grade declines at Dukat and Omolon as well as a temporary suspension of the float circuit at Varvara. Quarterly gold production was 186 Koz compared to 191 Koz a year ago, down 3% year-on-year. Silver production was 6.8 Moz compared to 7.3 Moz a year ago, down 7% year-on-year. Net debt remained broadly flat at USD 1,258 million as at March 31, 2015 as compared to December 31, 2014, as the company continues to generate significant free cash flows despite the first quarter traditionally being the weakest one in this respect. For the year 2015, the company reconfirmed its production guidance of 1.35 Moz of gold equivalent.

Polymetal International plc Reports Earnings Results for the Year Ended December 31, 2014

Polymetal International Plc reported earnings results for the year ended December 31, 2014. For the year, the company reported operating profit of $436.01 million, compared to an operating loss of $42.88 million for the same period a year ago.

Polymetal International Plc Proposes Final Dividend for the Year Ended December 31, 2014, Payable on May 29, 2015; Reports Preliminary Earnings and Production Results for the Year Ended December 31, 2014; Reiterates Production Guidance for the Year 2015 and 2016

Polymetal International Plc announced that final dividend of USD 0.13 per share representing 30% of the group's underlying net earnings for second half year ended 31 December 2014 is proposed by the Board, which, in accordance with the current dividend policy, has the discretion to declare regular dividend at the Net debt/Adjusted EBITDA ratio above 1.75. This will bring total dividend declared for the period to USD 0.41 per share, or USD 173 million. Ex-dividend date is 30 April 2015 and record date is 1 May 2015. Payment date is 29 May 2015. The company reported preliminary earnings and production results for the year ended December 31, 2014. For the period, the company reported revenue for the year ended 2014 was USD 1,690 million, largely unchanged from 2013 despite average realized gold and silver prices decreasing 7% and 18% respectively year-on-year. The price decline was mostly offset by 7% increase in the volume of gold equivalent sold during the period. Adjusted EBITDA was USD 685 million, an increase of 15% year-on-year, driven predominantly by strong cost performance and production growth offsetting the decline in commodity prices. Adjusted EBITDA margin was 41% compared to 35% in 2013. Underlying net earnings for the year were USD 282 million against USD 179 million a year ago. As a result of non-cash foreign exchange losses, the Group recorded a net loss for the year of USD 210 million in 2014 against USD 198 million a year ago. Net debt of USD 1,249 million (including the liability for the special dividend payable), an increase of 20% versus 2013 levels as the Company raised an additional USD 318.5 million of debt for the acquisition of the Kyzyl gold project in Kazakhstan, while continuing to generate free cash flow and pay dividends. Free cash flow for the year was USD 306 million, an increase of more than two-fold compared to 2013. Return on equity was 21% against 9% a year ago. Basic loss per share was USD 0.53 against USD 0.51 a year ago. Net operating cash flow was USD 515 million against USD 462 million a year ago. Capital expenditure was USD 210 million against USD 319 million a year ago. For the year, the company increased its gold equivalent production by 12% to 1.43 Moz and exceeded both its original production guidance of 1.3 Moz of GE by 10% and the updated production guidance of 1.365 Moz by 5%. This achievement was mostly driven by the full ramp-up of Mayskoye and strong operational delivery at Dukat and Omolon. Ore reserves increased by 63% to 21.6 Moz of GE as a result of Kyzyl acquisition (+6.7 Moz) and updated Ore reserves estimates at several of operating mines and exploration projects including, among others, Albazino underground, Svetloye, Kutyn, Veduga. Average ore reserves grade increased by 16% to 4.3 g/t GE. For the year 2015 and 2016, the company reiterates its production guidance of 1.35 Moz of GE for 2015 and 2016. In 2015, Polymetal expects a lower TCC of USD 575 to USD 625 per GE oz and AISC of USD 750 to USD 800 per GE oz. Capital expenditure in 2015 is expected to total approximately USD 240 million (including exploration, capitalised stripping and spending on the Kyzyl project). This guidance is heavily dependent on the RUB/USD exchange rate, inflation in Russia, and oil price dynamics and is based on management's current estimates of these variables in 2015.


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