Sept 7 (Reuters) - Russian gold and silver miner Polymetal <POLYP.L> says: :Q2 net profit rose 63% year-on-year to $684 million..Q2 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were at $860 million, up 42%. .Q2 revenue rose 29% year-on-year to $1.2 billion..
Aug 17 (Reuters) - Polyus <PLZL.MM>, the largest gold producer in Russia, said on Monday: :AS PART OF CONSOLIDATION OF THE POLYUS GROUP'S ASSETS, ITS WHOLLY-OWNED SUBSIDIARY POLYUS KRASNOYARSK INTENDS TO OFFER ELIGIBLE HOLDERS OF ORDINARY AND PREFERRED SHARES LENZOLOTO <<<LNZL.MM>>>, AN INDIRECT SUBSIDIARY OF THE COMPANY, TO EITHER SELL THEIR SHARES IN LENZOLOTO TO POLYUS KRASNOYARSK FOR CASH OR TO EXCHANGE THEM FOR ORDINARY SHARES OF POLYUS.THE PRICE FOR LENZOLOTO SHAREHOLDERS THAT ELECT TO TENDER THEIR SHARES IN CASH HAS BEEN SET AT RUB 19,567 PER ONE ORDINARY SHARE OF LENZOLOTO AND RUB 3,607 PER ONE PREFERRED SHARE OF LENZOLOTO.LENZOLOTO SHAREHOLDERS THAT ELECT TO TENDER THEIR SHARES CAN ALSO RECEIVE EITHER ORDINARY SHARES OF POLYUS, OR A COMBINATION OF THE ORDINARY SHARES OF POLYUS AND CASH.IF THE SALE IS APPROVED, HOLDERS OF LENZOLOTO ORDINARY SHARES, WHO VOTE AGAINST OR DO NOT PARTICIPATE IN VOTING ON THE MATTER, WILL BE ENTITLED TO SUBMIT THEIR SHARES FOR REDEMPTION BY LENZOLOTO AT A PRICE OF RUB 19,567.THE OFFER, WHEN MADE AND IF AND WHEN IT BECOMES EFFECTIVE, WILL REMAIN OPEN UNTIL DEC. 21, 2020.POLYUS CURRENTLY OWNS 953,532 LENZOLOTO ORDINARY SHARES, REPRESENTING 83.62% OF LENZOLOTO OUTSTANDING ORDINARY SHARES.THE PURPOSE OF THE OFFER IS TO PROVIDE LENZOLOTO MINORITY SHAREHOLDERS WITH AN ACCESS TO A MORE LIQUID EQUITY INSTRUMENT AS WELL AS TO STREAMLINE POLYUS'S CORPORATE STRUCTURE AND REDUCE ADMINISTRATIVE COSTS AT LENZOLOTO.
July 16 (Reuters) - Russian largest gold producer Polyus <PLZL.MM> says::Its Q2 gold sales at $1.15 billion, up 30% y/y;.Its Q2 gold output at 690,400 troy ounces, up 1% y/y.The coronavirus outbreak at its Olimpiada mine has been successfully contained;.Polyus conducted an analysis of an updated mining schedule at Olimpiada and reiterates Polyus's initial 2020 production guidance of 2.8 million ounces;.Polyus plans to provide the key findings of the pre-feasibility study and the maiden estimate of Sukhoi Log P&P reserves in a few months..
May 18 (Reuters) - Russia's top gold producer Polyus <PLZL.MM> says::IT IS PROPOSED THAT EGM APPROVES INCREASE OF COMPANY'S CHARTER CAPITAL THROUGH ISSUANCE OF 3,130,000 NEW ORDINARY SHARES BY WAY OF CLOSED SUBSCRIPTION;.NEW SHARES CONSTITUTE APPROX. 2.33 PER CENT OF TOTAL NUMBER OF ISSUED AND OUTSTANDING ORDINARY SHARES OF COMPANY AND WILL BE PLACED, IN WHOLE OR IN PART, TO JSC POLYUS KRASNOYARSK;.COMPANY EXPECTS THAT FOLLOWING COMPLETION OF CLOSED SUBSCRIPTION, IF AND WHEN IMPLEMENTED, FREE FLOAT WILL REMAIN ABOVE 20%.
April 23 (Reuters) - Russia's largest gold producer Polyus <PLZL.MM> says::Q1 gold output at 594,900 oz, down 1% year-on-year;.Q1 gold sales at $861 million, up 16% year-on-year. .
Feb 11 (Reuters) - Russian gold producer Polyus <PLZL.MM> says::Fourth-quarter adjusted net profit amounted to $520 million, up 13% on the previous three months;.Revenue for the fourth quarter was at $1.3 billion, up 20% on the previous quarter, driven by higher volumes of refined gold output;.Adjusted EBITDA stood at $883 million in the fourth quarter, driven up 25% by higher sales volumes;.The company's board of directors recommended dividends for the second half of 2019 at $3.5 per ordinary share;.Polyus expects capital expenditure to stay within the range of $700-750 million in 2020, up from a previous estimate of $550 million, reflecting a list of new approved projects..
Jan 28 (Reuters) - Russian gold producer Polyus <PLZL.MM>::Fourth-quarter gold output stood at 804,000 ounces, up 26% compared to the same period the previous year;.Gold sales in the fourth quarter of 2019 were at $1.28 billion, up 20% compared to the previous quarter;.The company's net debt at the end of December stood at $3.29 billion, compared to $3.32 billion three months earlier;.Polyus said it remained committed to a gold production target of approximately 2.8 million ounces in 2020..
Nov 5 (Reuters) - Russia's largest gold producer Polyus <PLZL.MM> says::Third-quarter adjusted net profit amounted to $459 million, up 26% from the second quarter;.Revenue for the third quarter was at $1.1 billion, up 19% compared to $897 million in the previous quarter. This was driven by an increase in the average realised gold price during the reporting period, the company said. .Adjusted EBITDA for the third quarter was $705 million, up 17% from $604 million in the second quarter..Full-year 2019 capital expenditure guidance is adjusted to $650-700 million, from $725 million. "This downwards adjustment reflects a capex carry-forward from 2019 to 2020, related to several infrastructure development projects," the company said. .The company said it is amending its 2019 total cash costs (TCC) guidance and now expects TCC at $375-$425 per ounce. The previous forecast set TCC guidance at below $425 per ounce. .Polyus said it reiterates its guidance of approximately 2.8 million ounces of gold output in 2019..
Oct 22 (Reuters) - Polyus PAO <PLZL.MM>, Russia's largest gold producer, says: :Third-quarter gold sales rose 20% quarter on quarter to $1.061 billion; .Third-quarter total gold output increased 10% quarter on quarter to 753 thousand ounces; .Estimated net debt stood at $3.317 billion as of Sept. 30, down from $3.639 billion at the end of the previous quarter. .
Sept 4 (Reuters) - Polyus <PLZL.MM>, Russia's largest gold producer, said on Wednesday::Has completed exploration drilling at Sukhoi Log, a major gold deposit in Russia .Exploration launched in 2017 comprised 203,647 metres.Polyus will now proceed with an assessment of the drilling samples and results are anticipated by the end of 2019.It expects to provide a further update on the inferred & indicated mineral resources estimates and a maiden ore reserve estimate in the first half of 2020.