* This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, June 11 (Reuters) - Gold producer Polymetal International plans to double output by 2029 through acquisitions in Central Asia and will halt dividends while pursuing that goal, it said on Tuesday in a strategy shift since the sale of its Russian assets.

Expansion in Central Asia and possible entry into new markets such as Saudi Arabia and Oman will be a focus area, Polymetal said.

Polymetal's Russian business was placed under U.S. sanctions in 2023 after Moscow sent troops into Ukraine in February 2022. The company switched its domicile to Kazakhstan from Jersey and listed on the Central Asian nation's Astana International Exchange (AIX) to try to facilitate a sale.

That sale, worth about $3.7 billion in cash and deconsolidated debt, to a Siberian gold miner went through in March. The Russian assets represented about 70% of Polymetal's production and more than 50% of core earnings.

Seeking to distance itself from its Russian ties, Polymetal International is in the final stages of rebranding to Solidcore Resources. The company said it was experiencing know-your-client issues with banks, data providers and suppliers despite not being subject to any sanctions.

Polymetal said its aim to produce 1 million ounces of gold equivalent by 2029 would require "significant additional investment in exploration, M&A and development of new assets".

It plans to invest $800 million into its Ertis POX project, with production set to begin in the first half of 2028. Only then, will the company be able to resume dividend payments.

Overall capital expenditure of $1.23 billion is planned from 2025-29, excluding mergers and acquisitions, the company said. Steady annual production levels are projected for that period, ranging from 468,000 to 520,000 ounces of gold equivalent. (Reporting by Anastasia Lyrchikova Writing by Alexander Marrow Editing by Louise Heavens and David Goodman)