Denver Gold Group > Member Company Profile > Polymetal

Address

Prospect Narodnogo Opolcheniya, 2
Saint-Petersburg 198255
Russia

Value Drivers

• The Company’s competitive strengths include: (a) a geographically focused portfolio of stable high grade operating assets;
• (b) a proven development and integration track record;
• (c) an attractive growth profile; (d) a track record of operating profitably in Russian and Kazakhstan, countries with high growth-rates in gold production;
• (e) competent, motivated and loyal employees and significant experience of dealing with climatic, infrastructure and regulatory conditions in Russia and Kazakhstan; and
• (f) rights to explore and develop large areas with potential for discovery of gold and silver reserves.

Management

Chairman:	Ilya Yuzhanov
CEO/President/MD:	Vitaly Nesis
CFO:	Sergey Cherkashin
COO:	Vitaly Savchenko

IR Contact

Pavel Danilin
+7 812 334 36 66
danilin@polymetal.ru
polymetal.ru

Cautionary Information

© Copyright 2012, Denver Gold Group & Polymetal.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Polymetal

Moscow Stock Exchange : PMTL

Last Updated: February 21, 2012

Information is qualified - read footnotes

Status:	Producer
Primary Mineral:	Gold
Secondary Mineral:	Silver
Primary Country of Operation:	Russia
Other Countries of Operation:	Kazakhstan

JSC Polymetal is a leading precious metals producer in Russia and Kazakhstan and among the top 10 largest global precious metals producers focused on emerging markets. In 2010, JSC Polymetal was the fourth largest gold producer in Russia (by production volume) and the largest silver producer in Russia, ranked eighth worldwide by production volume.
It has its global depositary receipts listed on the London Stock Exchange since 2007.
Since it was founded, JSC Polymetal has built its asset portfolio by developing new mines, restarting operations which were inactive or put on care and maintenance and acquiring an operating mine. It has increased its annual gold equivalent production of gold and silver from 327 Koz in 2003 to 753 Koz in 2010, a compound annual growth rate of 13 per cent.
JSC Polymetal is committed to its three-pronged strategy, focusing on investment in existing assets, driving further expansion and optimisation of our centralised processing facilities, and exploration to identify a new generation of assets.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Other Markets Traded On

MICEX, RTS, LSE (GDRs)

Top Shareholders

• ICT Group (Mr. Alexander Nesis)
• PPF Group (Mr. Peter Kellner)
• Vitalbond & its affiliates (Mr. Alexander Mamut)

Capital Structure

Common Shares Outstanding:	399,400,000
Float (%):	37.5
Fully Diluted Shares:	399,400,000

Stock as of April 24, 2012

	Local Currency	USD
52-Week Range:	15.0500 - 22.7500
1-Year Return:	-

---

Notes

The ratio of silver to gold used for the purpose of calculating equivalent is 60:1. The ratio of copper to gold used for the purpose of calculating equivalent is 1 tonne: 5 ounces. This does not represent the actual equivalent based on average prices over the periods referred to but is intended to allow a meaningful comparison over the periods.