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Polyus Adds New Metal, More Gold to Shake `Russian Discount'

  • CEO aims to catapult company to fifth place in gold output
  • Spy scandal, money-laundering charges hurt valuation: CEO
Bloomberg business news
Polyus CFO Pavel Grachev discusses gold and the possible impact from geopolitical risks.(Source: Bloomberg)
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Polyus PJSC is targeting more than just gold to help challenge the “Russian discount” it says is tainting its share price.

The Russian precious metals miner plans to sell shares on the market and boost gold production, which could vault it into the top five biggest miners in the world as early as next year from seventh now. It’s also developing markets for a mining by-product that can be used for gasoline and hybrid car batteries. And that while retaining one of the highest dividend yields in the industry.