Polyus Gold, Russia Metals and Mining
Lenzoloto made a loss on the deposits in foreign currency.
As the Kommersant has got to know, Ivan Kulakov, Roman Abramovich's ex-partner in Sibneft and Highland Gold, will acquire 82.3% from Said Kerimov’s Polyus in the large Nezhdaninskoye gold
The Federal Agency for Subsoil Use has issued a license to develop the Sukhoi Log gold deposit to the company SL Zolto (established by Polyus and a subsidiary of the state-owned corporation Rostec
The Russian gold mining company Polyus is aiming to increase the production to 2 million ounces in 2017 and to achieve the production of at least 2.7 million ounces per year by 2020, Polyus&rs
The Russian gold mining company Polyus will spend funds from the placement of eurobonds to refinance its debt, it will allow the company not to repay the debt till the beginning of 2019, Polyus&rsq
Polyus plans to hold the additional geological exploration at the Sukhoi Log deposit in the coming 3-4 years, Vice-President for finance and strategy of Polyus, M. Stiskin, said.
In 2016, the net profit of the gold mining company Polyus Gold amounted to 95.26 billion rubles against 62.3 billion rubles a year earlier, it follows from the company’s report under IAS.
Polyus places 6-year euro bonds in dollars. The profitability is about 5.25-5.5%.
The company is considering the redemption of its shares or delisting.
Polyus has planned to spend funds from the placement of new eurobonds to refinance, the company’s senior vice-president of finance and strategy Mikhail Stiskin said during the conference call