Polymetal International plc
Other OTCRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Polymetal International plc, known as Solidcore Resources plc since June 2024, operates as a precious metals mining company focused on gold and silver production in Kazakhstan; it runs two key mines, Kyzyl and the Varvara hub (including Komarovskoye and Baksy joint venture), alongside the Ertis POX development project for refractory ore processing with a planned capacity of 250-300 ktpa concentrate and launch in 2028. The company produces gold equivalent ounces through open-pit mining, flotation, leaching, and pressure oxidation technologies, targeting high-grade refractory ores with competencies in efficient processing of double-refractory materials; Kyzyl, its flagship asset acquired in 2014, yields high-grade open-pit and underground ore processed into concentrates, while Varvara handles gold, copper, and silver via a 4.2 Mtpa plant. Listed on the Astana International Exchange (AIX) with headquarters in the Astana International Financial Centre (AIFC), Kazakhstan, following re-domiciliation from Jersey in August 2023, Polymetal generated 486 koz gold equivalent from Kazakhstan operations in 2023 at total cash costs of $903/GE oz and maintains reserves of 1.6 Moz GE at Kyzyl and 2.1 Moz GE at Varvara. Recent strategic shifts include the March 2024 divestment of Russian assets to JSC Polymetal for $3.7 billion effective valuation, eliminating sanctions risks and shifting focus exclusively to Kazakhstan and Central Asia; this de-risking reduced net debt from $2.383 billion to approximately $130 million net cash, improved liquidity, and enabled a five-year $1 billion+ capital plan for Ertis POX construction, exploration at Komar flanks and North Balkhash, and potential M&A. In January 2024, ICT Group sold its 23.9% stake to Maaden International Investment from Oman, enhancing shareholder alignment for growth; production hit 490 koz gold in 2024 amid stable operations, with Q3 2025 results released October 31, 2025, alongside a November 13, 2025 final exchange offer completion and November 18, 2025 Euroclear disclosure. No dividends were paid for 2023 to prioritize investments, with exploration emphasizing greenfield projects and near-mine extensions to support life-of-mine beyond 2042 at Varvara and 2054 at Kyzyl.
Polymetal International plc (AUCOY) Q4 2025 Earnings Call Transcript
Polymetal International plc (POYYF) Q4 2023 Earnings Call Transcript
Polymetal International agrees to sell Russian assets for $3.69 bln
Polymetal plays down scope of sanctions as London-listed shares tank
Polymetal International: On The Path To Restoring Shareholder Value
Polymetal: Relisting Is A Buying Opportunity (Rating Upgrade)
Russia's Polymetal says Q1 gold equivalent production down 5% y-o-y to 345 koz; intends to re-domicile to Kazakhstan
Polymetal International plc (POYYF) Q4 2022 Earnings Call Transcript
Polymetal: Buy The Dip
Polymetal: Inflection Point Reached
Polymetal International plc (POYYF) Q3 2022 Earnings Call Transcript
Polymetal: A Look Beyond The Headlines Of H1 2022 Financial Results
Polymetal International: Undervalued, But No Immediate Catalysts And Considerable Uncertainties
Polymetal: POYYF, AUCOY Suspended, POLY Still Trades In London
Polymetal International says Asian gold sales back on track after China disruption
Polymetal International shelves dividend over impact of Russia sanctions
Polymetal International: It Takes Grit To Buy This 26% Dividend Made Of Gold
Polymetal International sees boost in Russian demand for gold; reassures on Russia sanctions
Polymetal International confirms it is 'evaluating options' in wake of Ukraine invasion
Polymetal International PLC - Reminiscent Of A Call Option With No Expiry Date