Key goals and Strategy

Ensure robust operating and financial performance at existing mines

Focus on full-capacity utilisation and robust cost performance of our operating mines by driving continued operating improvement. Continuously extend life-of-mine by investing in near-mine exploration. This will allow us to generate free cash flow and translate it into significant dividends.

Deliver medium-term growth through advancing Nezhda and POX-2

Nezhda is Russia’s fourth largest gold property. Low capital intensity makes it an excellent fit for Polymetal’s core capabilities. POX-2 will unlock the value of refractory reserves. The aim is for 100% of the Company’s refractory ore to be processed in-house.

Build and advance long-term growth pipeline

At the same time as delivering free cash flow, we want to secure high-quality sources of long-term growth through our own greenfield exploration programme. We are actively looking at targets within the Former Soviet Union where we can create value with our core competencies.

Maintain high standards of corporate governance and sustainable development

Maintaining high standards of corporate governance and sustainable development gives us a licence to operate and the much-needed trust of all stakeholders. Health and safety at our operations is a key priority.