Polymetal Share Discussion Threads

[geckotheglorious] 01/11/2023 09:47

Loganair,

"Therefore it is the Israelis who started it and now want to remove the Palestinians from Gaza altogether"


Pretty sure you'll find it started far earlier than the last 20 years you reference.

If you repeatedly get attacked by enemy who surrounds you what do you do?

You secure your borders and hem the enemy in where they can be prevented from attacking you.

Why do you deny Israel the right to do such?

[xxxxxy] 01/11/2023 08:38

Russian they were.Now we all know.Never invest in Russia again.

[xxxxxy] 01/11/2023 08:38

7:38AMTwo Russian soldiers 'massacred Ukrainian family of nine for denying them moonshine'Two Russian soldiers murdered nine members of a Ukrainian family in their sleep as an act of revenge after they were denied moonshine, according to reports.The family, which included at least two young children, were shot in their apartment in Volnovakhka, near Donetsk in occupied Ukraine, where they had earlier celebrated a birthday.... Daily Telegraph

[geckotheglorious] 31/10/2023 22:49

Masergt

"Hamas started it so you're gonna have to take whatever comes your way. Simples!"

Not only did Hamas start it, but they also broke the ceasefire that was in place at that time too!

so they need to own it and reap what they have sowed.

Simple solution to Hamas problem. Flood the runnel system.

Job done.

And the various heads/senior figures of Hamas ensconced in European nations need to be returned to Gaza.

[loganair] 31/10/2023 16:10

Polymetal could return to paying dividends based on the results of 2023, company head Vitaly Nesis said during a conference call.

Polymetal previously said that payment was possible by the end of this year. However, Nesis noted, the decision on dividends will depend on progress in the sale of Russian assets.

"The process is not proceeding as fast as we had hoped. We also see that the Russian government is introducing new currency control mechanisms, which puts additional restrictions on the potential structure of the deal and its execution," Nesis said. - Nevertheless, we continue to move forward, negotiating with several interested parties."

Under an agreement with the Astana International Financial Center (AIFC), where Polymetal redomiciled from Jersey in August, the deal to sell the Russian assets should preferably be documented in Q1 2024. The board, Polymetal, as usual, will discuss annual dividends in March, together with IFRS reporting.

[masergt] 31/10/2023 14:54

logliar - #20891.

"For some reason the British government seems desperate for war and to see as much killing as possible."

You got it wrong way round again. It's Russia who wants war and killing everywhere. Apart from Ukraine and the Middle East where it's funding and supplying weapons and mercenaries to Hamas, Iran, Syria, check out West Africa - Mali, CAR, Niger, Sudan, et al. Putin is a psychopathic megalomaniac with designs on conquering the world.



"While the exact numbers of Russian private military companies or operations in Africa are difficult to estimate, available reporting shows that there have been at least seven Russian PMCs that have carried out at a minimum 34 operations in 16 African countries since 2005. PMCs became particularly active in the mid-2010s following Russia’s annexation of Crimea in 2014 and its intervention in the Syrian war in 2015, both of which enabled Russia to advertise and offer its PMC services—from providing private security and military training to conducting combat operations—to different governments and separatist groups across Africa. According to RAND, Russian PMCs have a substantial presence in the CAR, Sudan, and South Sudan. They are also found in a number of other African states, including Congo, Gabon, Libya, Mali, and Madagascar. What makes the proliferation of Russian PMCs in Africa particularly noteworthy is that, in virtually all cases, they have strong ties with the Kremlin. As Major Thomas D. Arnold of the U.S. Army argues, “Russia effectively trades PMSC [private military and security company] services for access and economic concessions in resource-endowed fragile states.”

[asalaam] 31/10/2023 14:38

Cowards using F16s to kill babies but on the ground being humiliated.

[asalaam] 31/10/2023 14:36

Netanyahu condemned for quoting Amalek to justify their war crimes.

[asalaam] 31/10/2023 14:35

Israel defending herself;


“Now go and smite Amalek and utterly destroy all they have and spare them not; but slay both men and women, infant and the suckling, ox, sheep, camel and donkey.”

Book of Samuel

[xxxxxy] 31/10/2023 09:17

And it is worse.Russia mixes with Hamas and Iran, this Evil of the UNCIVILISATION.

[xxxxxy] 31/10/2023 09:15

There it is in black and white.Russia is losing.Putin did it.Learn the lessons.Never invest in Russia again. They are Untrustworthy.

[xxxxxy] 31/10/2023 09:14

Vladimir Putin has made it harder for western companies to exit Russia in an effort to prop up the struggling rouble.Companies wanting to sell their Russian assets will either have to agree to make the sale in roubles or, if they want to do so in dollars or euros, face delays or losses on the amounts transferred abroad, according to the Financial Times.It comes as Moscow grapples with a 20pc fall in the value of the rouble since the start of the year.It passed 100 to the dollar in August, forcing the Kremlin to impose capital controls on exporters, requiring them to quickly convert the proceeds of sales into the Russian currency.... Daily Telegraph

[loganair] 31/10/2023 08:13

No mention of a possible dividend which a month ago Polymetal's CEO said is on the cards?

[k1ssxofxdeath] 31/10/2023 06:35

hxxps://www.polymetalinternational.com/en/investors-and-media/news/press-releases/31-10-2023/?

Date: 31 October 2023
Polymetal International plc
Q3 2023 production results
Polymetal International plc reports production results for the third quarter ended September 30, 2023.
“In Q3, we returned to positive cash flow generation after seasonal working capital release and a decline in previously accumulated gold bullion. We continue to work on further release of unsold inventories and production in line with the guidance”, said Vitaly Nesis, Group CEO of Polymetal International plc.
HIGHLIGHTS
• There have been no fatal accidents during the first nine months of 2023 among Polymetal’s workforce and contractors (similar to 9M 2022). Lost time injury frequency rate (LTIFR) stood on par with 9M 2022 at 0.09. Nine lost-time accidents mostly related to falling or hit by an object were recorded during 9M 2023 (none in Kazakhstan) with two of them in Q3.
• In Q3, gold equivalent production (“GE”) grew by 12% year-on-year (y-o-y) to 508 Koz driven by increases within Russian operations (Urals, Mayskoye and Dukat).
• GE output for the first nine months of 2023 was up by 6% y-o-y to 1,272 Koz, including 340 Koz in Kazakhstan and 932 Koz in Russia.
• Concentrate inventories at Kyzyl and inventories in Russia have been unwound materially during Q3. The Company recorded a materially lower sales-production gap versus the previous quarter. Sales volumes for the first nine months of 2023 amounted to 1.1 Moz of GE. New challenges facing sales from Russia include sale of silver bullion (instead of concentrate) and significant tightening of concentrate exports regulations.
• Revenue for the reporting quarter and nine months increased by 17% and 22% y-o-y to US$ 834 and US$ 2,149 million respectively on the back of sales volumes recovery and higher metal prices.
• EBITDA for the first nine months of 2023 reached US$ 995 million representing a margin of 46% (US$ 301 million in Kazakhstan, US$ 694 million in Russia). A y-o-y increase of 60% is attributable to revenue growth and exchange rate driven operating costs decrease in Russia.
• Net Debt decreased by 10% quarter-on-quarter and stood at US$ 2.33 billion (US$ 0.12 billion in Kazakhstan and US$ 2.21 billion in Russia) as the Company generated positive free cash flow supported by seasonal factor and inventories release, as well as enjoyed lower costs and lower value of Rouble-denominated debt due to favorable exchange rate movements.
• Polymetal is on track to meet its full-year production guidance of 1.7 Moz of GE (1.2 Moz in Russia and 500 Koz in Kazakhstan). TCC and AISC guidance of US$ 950-1,000/GE oz and US$ 1,300-1,400/GE oz respectively is also maintained. The estimate remains contingent on the RUB/USD and KZT/USD exchange rates which have a significant effect on the Group’s local currency denominated operating costs.
HIGHLIGHTS
3 months ended September 30, %
change 9 months ended September 30, %
change
2023 2022 2023 2022

PRODUCTION (Koz of GE) 1
Kazakhstan 127 133 -5% 340 377 -10%
Kyzyl 84 82 +2% 212 217 -2%
Varvara 43 51 -16% 128 160 -20%

Russia 381 321 +19% 932 821 +14%

TOTAL 508 454 +12% 1,272 1,198 +6%

SALES (Koz of GE)
Kazakhstan 110 108 +2% 310 347 -11%

Russia2 336 321 +5% 826 641 +29%

TOTAL 446 429 +4% 1,136 988 +15%

REVENUE3 (US$m)
Kazakhstan 209 181 +15% 602 624 -4%

Russia 626 533 +17% 1,547 1,138 +36%

TOTAL 834 714 +17% 2,149 1,762 +22%

EBITDA3 (US$m)
Kazakhstan 101 93 +9% 301 354 -15%

Russia 335 101 +232% 694 266 +161%

TOTAL 436 194 +125% 995 620 +60%

NET DEBT4 (US$m)
Kazakhstan 120 201 -41% 120 277 -57%

Russia 2,206 2,389 -8% 2,206 2,117 +4%

TOTAL 2,326 2,590 -10% 2,326 2,393 -3%

SAFETY
LTIFR5 (Employees) 0.06 0.11 -47% 0.09 0.09 -0%
Fatalities 0 0 NA 0 0 NA
Notes:
(1) Based on 80:1 Au/Ag conversion ratio and excluding base metals. Discrepancies in calculations are due to rounding. Mayskoye production reporting approach was amended to record production as soon as the ownership title for gold is transferred to a buyer at the mine site’s concentrate storage facility. Previous periods were restated accordingly.
(2) Excluding ounces at Mayskoye, which ownership title has already been transferred to a buyer, but not shipped.
(3) Calculated based on the unaudited consolidated management accounts.
(4) Non-IFRS measure based on unaudited consolidated management accounts. Comparative information is presented for 30 June 2023 (for
the three months period) and 31 December 2022 (for the nine months period).
(5) LTIFR = lost time injury frequency rate per 200,000 hours worked. Company employees only are taken into account.

[asalaam] 30/10/2023 22:40

I sense a very high degree of corruption and haughtiness at present.