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Polymetal didn’t present any additional element in its remark.
The Monetary Instances earlier reported that Polymetal was contemplating whether or not to separate its Russian and Kazakh companies, every with their very own itemizing, to insulate its worldwide enterprise from the consequences of the sanctions on Russia.
Citing two folks conversant in discussions, the report added that buyers would have the choice to retain holdings in each corporations, or to promote their shares within the Russian enterprise.
Polymetal produced 1.7 million troy ounces of gold equal – a mixture of gold and different metals – in 2021, of which 558,000 ounces have been produced by its two mines in Kazakhstan.
(Modifying by Louise Heavens and Emelia Sithole-Matarise)
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