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Polymetal Q1 revenues rise on higher gold prices

Mon, 25th Apr 2022 07:24

(Sharecast News) - Russian gold and silver miner Polymetal on Monday reported a rise in first-quarter revenue, driven by higher prices and despite a fall in production.

Revenue for the three months to March 31 increased 4% year on year to $616m.

Production of gold equivalent was down 6% to 372,000 troy ounces. Polymetal said it still expected to produce 1.7 million ounces in 2022.

Total cash cost guidance was raised to $850-$950 per gold equivalent ounce from $850-$900.

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13 Apr 2022 07:48

Polymetal shelves dividend as Ukraine sanctions bite

(Sharecast News) - Polymetal International has shelved payment of its final dividend because of uncertainty over its financial position caused by sanctions linked to the war in Ukraine.

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8 Apr 2022 08:15

Deloitte resigns as Polymetal auditor over Russian operations

(Alliance News) - Accounting giant Deloitte has resigned as the auditor of mining giant Polymetal International PLC due to the firm's ties to Russia.

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8 Apr 2022 08:04

Deloitte resigns as Polymetal auditor due to Russia links

(Sharecast News) - Anglo-Russian precious metals miner Polymetal said on Friday that Deloitte has resigned as its auditor because of its links with Russia.

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6 Apr 2022 15:56

Berenberg downgrades Polymetal, upgrades Hochschild

(Sharecast News) - Berenberg downgraded Polymetal on Wednesday to 'hold' from 'buy', citing heightened uncertainty around the Russian assets and saying it has changed its valuation to be based on the NAV of the Kazakh assets alone.

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6 Apr 2022 09:39

LONDON BROKER RATINGS: Berenberg cuts Polymetal and raises Hochschild

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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30 Mar 2022 11:08

LONDON MARKET MIDDAY: Nervy trade amid peace doubts and US yields

(Alliance News) - Blue-chip equities in Europe traded lower midday Wednesday, with markets made uneasy by recent developments in US bond markets and amid doubts about Russia's announcement of a de-escalation of its assault on Ukraine.

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30 Mar 2022 08:24

Polymetal shares rise as operations and sales unaffected by sanctions

(Alliance News) - Polymetal International PLC said on Wednesday its operations in Russia and Kazakhstan continued undisputed despite of the impact of sanctions against Russia on its business.

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30 Mar 2022 07:32

LONDON BRIEFING: John Menzies finally accepts Kuwaiti takeover offer

(Alliance News) - John Menzies on Wednesday said it has accepted an offer from GIL International Holdings V, a subsidiary of Kuwait's Agility Public Warehousing Co.

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30 Mar 2022 07:03

Polymetal holds guidance, says ops unaffected by Russia sanctions

(Sharecast News) - Gold miner Polymetal maintained annual production guidance and said operations in Russia and Kazakhstan continue undisrupted amid sanctions on Moscow for its war with Ukraine.

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29 Mar 2022 10:07

IN BRIEF: Polymetal looks to restructure following sanctions

Polymetal International PLC - Jersey-registered precious metals miner in Russia and Khazakhstan - Currently evaluating corporate structure in face of Western sanctions against Russia following its invasion of Ukraine.

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29 Mar 2022 07:20

Polymetal mulls split-off of Russian assets

(Sharecast News) - Polymetal International said it was considering changes to its corporate structure including "distinct ownership in various jurisdictions" where the company operates.

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23 Mar 2022 06:33

IN BRIEF: Polymetal hires investment banker Riccardo Orcel as chair

Polymetal International PLC - Jersey-registered precious metals miner in Russia and Khazakhstan - Hires Riccardo Orcel as independent non-executive chair, starting immediately. Orcel was managing director & vice chair and head of Global Banking at VTB Capital, a Russian investment bank. Prior to VTB, Orcel worked at Bank of America Merrill Lynch. Orcel's hire follows the resignation of six directors, including chair Ian Cockerill, following the imposition of Western sanctions against Russia. Polymetal previously had replaced four of the non-executive directors. Its board now consists of eight members, including six who are independent. Polymetal, a former FTSE 100 constituent, was removed from all FTSE Russell indices on Monday, due to insufficient trading liquidity.

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22 Mar 2022 12:38

Polymetal appoints Riccardo Orcel as chair

(Sharecast News) - Anglo-Russian precious metals miner Polymetal has appointed Riccardo Orcel, former head of global banking at VTC Capital, as its new chair.

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18 Mar 2022 14:15

EXECUTIVE CHANGES: Polymetal adds 4 directors to replace 6 departures

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

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18 Mar 2022 12:22

LONDON MARKET MIDDAY: Stocks fall as Biden to press Xi over Russia

(Alliance News) - Stock prices in London turned lower at midday on Friday, with major power conflict top of mind ahead of the first call between the leaders of the US and China since Moscow's invasion of Ukraine.

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