Polymetal International
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| Public limited company | |
| Traded as | : MCX: POLY |
| Industry | Mining |
| Founder | Alexander Nesis (ICT Group) |
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Key people
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Bobby Godsell (Chairman) Vitaly Nesis (CEO) |
| Products | Gold, Silver, Copper |
| Revenue | US$ 1,583 million (2016) |
| US$ 581 million (2016) | |
| US$ 395 million (2016) | |
| Owner |
Alexander Nesis (ICT Group) Alexander Mamut Petr Kellner (PPF Group) |
| Website | www.polymetalinternational.com/ |
Coordinates: 59°51′18″N 30°16′55″E / 59.855°N 30.282°E
Polymetal International plc is a precious metals mining company registered in Saint Helier, Jersey. It is listed on the and Moscow Exchange and is a constituent of the FTSE 250 Index, FTSE Gold mines, RSX and Euromoney Global Gold indices.
Polymetal Group of companies was founded in 1998 in Saint Petersburg by Alexander Nesis of ICT Group and since then it has built a portfolio of gold and silver mines in Russia, Kazakhstan and Armenia. In October 2011, Polymetal successfully completed the placing of £491m of shares on the , valuing the company at £3.55bn and making it the first Russian-founded company to obtain a premium listing at the LSE. In December 2011 Polymetal International became one of the first two Russian-originated companies to be included in the FTSE 100 Index.
The company is the third global primary silver producer, the largest silver and the fourth gold producer in Russia. It produced 810 Koz of gold equivalent in 2011. Production output in 2011 consisted of 55% gold, 41% silver and 4% copper. In 2008 it produced 17.2 million ounces of silver and 285,000 ounces of gold.
Polymetal owns gold and silver mines and carries out exploration activities in six regions of Russia (the Magadan Region, the Khabarovsk Territory, the Sverdlovsk Region, the Chukotka Autonomous Okrug, Republic of Karelia and Sakha Republic), Kazakhstan and Armenia. Its portfolio of projects contains 36 licences covering a territory of over 7,800 km2. The Group organises its operations into six operational units, which are categorised into centralised processing hubs and stand-alone mines.
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