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Gold Miner Polymetal Sells Russian Unit in $3 7 Billion Deal

(Bloomberg) Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InRecord US Stock Rally Is Under Threat From a World in Turm

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Gold Miner Polymetal to Exit Russia in $3 7 Billion Deal

Precious metals miner Polymetal has agreed to sell its Russian unit in a deal valuing it at $3.69 billion – a move driven by “uncontrollable risks”

Vitaly nesisSergey yanchukovTsvetana paraskovaPolymetal retained groupMangazeya groupPolymetal internationalPolymetal russiaRussian governmentFinancial times

Polymetal to sell Russian business for $3 7bn

Polymetal International said on Monday that it has agreed to sell its Russian business to Russian precious metals miner Mangazeya Mining for around $3.69bn.

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Polymetal s Q3 EBITDA up 125% to $436 million on higher gold equivalent production, lower costs

Polymetal s Q3 EBITDA up 125% to $436 million on higher gold equivalent production, lower costs
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Polymetal reports net earnings of $190M in H1 2023 as gold and silver sales up

Polymetal reports net earnings of $190M in H1 2023 as gold and silver sales up
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