-- The reporting period was also marked with a couple of other external recognitions, which confirms oursuccess as a responsible company: Polymetal took 7th place in Russia's 30 most eco-friendly companies rating andsecond place among metals and mining companies in Russia by Forbes.
1H 2021 1H 2020 Change, % Waste mined, Mt 98.0 79.1 +24% Underground development, km 46.3 46.4 -0% Ore mined, Mt 7.5 8.1 -7% Open-pit 5.6 6.0 -7% Underground 1.9 2.0 -5% Ore processed, Mt 7.6 7.8 -3% Average grade processed, GE g/t 3.6 4.0 -9% Production Gold, Koz 635 642 -1% Silver, Moz 9.4 9.8 -4% Gold equivalent, Koz[13] 714 723 -1% Sales Gold, Koz 595 595 +0% Silver, Moz 8.0 9.9 -19% Gold equivalent, Koz[14] 721 695 +4% Average headcount 13,062 12,083 +8% Health and safety LTIFR[15] 0.17 0.07 +143% Fatalities - - n/a
Corporate update
-- There were no material transactions during 1H 2021.
Conference call and webcast
The Company will hold a conference call and webcast on Thursday, 26 August 2021 at 09:00 London time (11:00 Moscow time).
To participate in the call, please dial:
From the UK:
+44 203 984 9844 (local access)
+44 800 011 9129 (toll free)
From the US:
+1 718 866 4614 (local access)
+1 888 686 3653 (toll free)
From Russia:
+7 495 283 9858 (local access)
To participate from other countries, please dial any of the local access numbers listed above.
Conference code: 785872
To participate in the webcast follow the link: https://mm.closir.com/slides?id=785872.
Please be prepared to introduce yourself to the moderator or register.
A recording of the call will be available at the same numbers and webcast link listed above within an hour after the call and until 2 September 2021.
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal", the "Company", or the "Group") is a top-10 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan. The Company combines strong growth with a robust dividend yield.
Enquiries
Media Investor Relations Polymetal ir@polymetalinternational.com FTI Consulting Evgeny Monakhov +44 20 7887 1475 (UK) Leonid Fink +44 20 3727 1000 Timofey Kulakov Viktor Pomichal Kirill Kuznetsov +7 812 334 3666 (Russia) Joint Corporate Brokers Morgan Stanley & Co. International plc +44 20 7425 8000 Andrew Foster RBC Europe Limited Richard Brown Marcus Jackson +44 20 7653 4000 Panmure Gordon Jamil Miah John Prior +44 20 7886 2500 Rupert Rearden
Forward-looking statements
This release may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or "should" or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company's control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company's present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company's actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
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[1] The financial performance reported by the Group contains certain Alternative Performance Measures (APMs) disclosed to compliment measures that are defined or specified under International Financial Reporting Standards (IFRS). For more information on the APMs used by the Group, including justification for their use, please refer to the "Alternative performance measures" section below.
[2] Profit for the period.
[3] On a cash basis, representing cash outflow on purchases of property, plant and equipment in the consolidated statement of cash flows.
[4] Operated by Amikan.
[5] Totals may not correspond to the sum of the separate figures due to rounding. % changes can be different from zero even when absolute amounts are unchanged because of rounding. Likewise, % changes can be equal to zero when absolute amounts differ due to the same reason. This note applies to all tables in this release.
[6] Restated due to a change in accounting policy. Starting from 1 January 2021, exploration and evaluation (E&E) expenses costs are capitalised into assets only when mineral resources are published; and before that are expensed as incurred. Previously capitalised E&E assets with no mineral resource estimation were written off via retrospective adjustments to the 2020 income statement and balance sheet amounts brought forward. This note applies to all comparative data for 2020 in this release.
[7] Defined in the "Alternative performance measures" section below.
[8] In accordance with IFRS, revenue is presented net of treatment charges which are subtracted in calculating the amount to be invoiced. Average realised prices are calculated as revenue divided by gold and silver volumes sold, excluding the effect of treatment charges deductions from revenue.
[9] 1H 2021: Final dividend for FY 2020 paid in May 2021. 1H 2020: Special and final dividend for FY 2019 paid in 2020.
[10] 1H 2021: interim dividend for FY2021. 1H 2020: interim dividend for FY2020.
[11] On a last twelve months basis. Adjusted EBITDA for 2H 2020 was USUSD 1,074 million.
[12] Not meaningful.
[13] Based on 120:1 Au/Ag conversion ratio.
[14] Based on actual realised prices.
[15] LTIFR = lost time injury frequency rate per 200,000 hours worked.
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Attachment File: Polymetal: Half-yearly report for the six months ended 30 June 2021
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ISIN: JE00B6T5S470 Category Code: IR TIDM: POLY LEI Code: 213800JKJ5HJWYS4GR61 OAM Categories: 1.2. Half yearly financial reports and audit reports/limited reviews Sequence No.: 120782 EQS News ID: 1228966 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1228966&application_name=news
(END) Dow Jones Newswires
August 26, 2021 02:00 ET (06:00 GMT)