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Polymetal

Polymetal is Russia’s leading gold and silver mining company. Since 2007 it has been listed on the London Stock Exchange. Polymetal is the primary silver producer and the fifth largest gold producer in Russia. The company's strategy is focused on three key areas:

• Investment in existing assets to extend their mine life;
• Investment in the development of centralised processing facilities; and
• Exploration to identify a new generation of Polymetal assets.

Polymetal has considerable experience in the development of green-field mines; it has built and manages all of its five operating mines. Polymetal was established by ICT Group in 1998.

Polymetal’s portfolio includes:

• The Kubaka site
• The Voro and the Dukat sites
• The Albazino reserves site
• The Goltsovoye site and
• The Mayskoe site

Polymetal: Financial highlights

	2010	2009	2008
PPF Group's interest	19.99%	19.6%	24.9%
Gold produced (Koz)	444	311	285
Silver produced (Moz)	17.3	17.3	17.2
Revenues (EUR million*)	697	391	351
Employees	7,491	6,386	4,818

* Figures in EUR are restated at the rate in effect as of the date of the financial statements.

Polymetal: Management as of 31 December 2010

Supervisory Board	Ilya Yuzhanov – Chairman
	Konstantin Yanakov
	Sergey Areshev
	Jonathan Best
	Marina Gronberg
	Vitaliy Nesis
	Leonard Khomenyuk
	Russell Skirrow
	Martin Schaffer
	Ashot Khachaturyants

External links

• Polymetal