Polymetal: Notice of 2021 AGM
DJ Polymetal: Notice of 2021 AGM
Polymetal International plc (POLY)
Polymetal: Notice of 2021 AGM
17-March-2021 / 10:00 MSK
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Release time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 17 March 2021 Polymetal International plc
Notice of 2021 AGM
Polymetal announces its Annual General Meeting (AGM, Meeting ), which will be held on Monday 26 April 2021 at 11am (BST) at Berkeley Square House, Berkeley Square, London W1J 6BD, UK. Due to the current restrictions, shareholders will not be permitted to attend the physical location for the AGM in person but can attend by electronic means via a live web-cast.
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Ore Reserves, Mineral Resources and Exploration update as at 1 January 2021
Polymetal announces its Ore Reserves and Mineral Resources as at 1 January 2021 in accordance with the JORC Code (2012) and exploration update for the year ended 31 December 2020. We delivered maiden reserve estimates at several of our projects resulting in a substantial increase in total Group Ore Reserves. We are confident in our ability to continue per share reserve accretion while maintaining conservative price assumptions , said Vitaly Nesis, Group CEO of Polymetal. This year we are going to significantly advance our greenfield exploration with the aim of extending resource base at a relatively low finding cost .
2020 was a successful year for Polymetal despite the COVID pandemic. We improved our safety performance and, crucially, achieved zero fatalities. The Company beat production guidance, enjoyed record free cash flow and continued to execute development projects on schedule , said Vitaly Nesis, Group CEO of Polymetal. In 2021, we expect first ounces from Nezhda and will make every effort to minimize the impact of the second wave of the pandemic on our safety, production, and cash flows .
HIGHLIGHTS
No fatal accidents among Group workforce or its contractors occurred in 2020 (compared with two employee fatalities and one contractor fatality in 2019). Lost time injury frequency rate (LTIFR) among the Group s employees decreased by 37% year-on-year (y-o-y) to 0.12.