Key goals — combining growth and dividends
We are one of the top dividend payers in the gold mining sector with more than US$ 1.4 billion distributed to shareholders since our IPO. We want to continue delivering meaningful cash returns to our shareholders through the commodity and investment cycles by a combination of regular and special dividends.
At the same time, we want to grow production and increase free cash flow through the addition of new high-grade, value-accretive assets.
Strategic objectives
Performance
- Disposal of high-cost short-lived operations (Kapan and Okhotsk)
- 1,56 Moz GE produced in 2018, 9% above original guidance
- Adjusted EBITDA of US$780 million, 5% above 2017
- Free cash flow of US$176 million
Find more at Results centre
- Successful launch in June 2018, ahead of schedule and within budget
- 96 Koz of payable production in 2018, a beat on the original guidance of 80 koz
- Offtake agreements secured for all 2019 concentrate production
Kyzyl
- Successful completion of POX debottlenecking project in 2018
Amursk
- Increase in mineral resources by 15% to 24,0 Moz of GE
- Exploration has increased Ore Reserves at Nezhda increased by 2,4 Moz to 4.4 Moz of GE.
- A 5-year life-of-mine extension at Mayskoye
Take a look at Reserves and Resources
- Full compliance with the provisions of the UK Corporate Governance Code
- The first Russian company to join the Dow Jones Sustainability Index.
- Leader in the metals sector by Sustainalytics.
- The highest score for Anti-Corruption, Corporate Governance, Risk Management and Labour Standards by FTSE4Good
- Appointment of three new independent non-executive Directors
Find more about Corporate governance and Sustainability performance