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    PLZL   RU000A0JNAA8

PUBLIC JOINT STOCK COMPANY POLYUS

(PLZL)
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Public Joint Stock Polyus : Polyus extends energy agreement with RusHydro

09/02/2021 | 02:22am EDT

Press Release

2 September 2021

PJSC Polyus

Polyus extends energy agreement with RusHydro

PJSC Polyus (LSE, MOEX: PLZL) ("Polyus", the "Company") announces that it has extended an agreement for the supply of electricity generated by PJSC RusHydro, a major Russian hydroelectricity supplier.

Under the terms of the agreement, approximately 1.5 billion kWh of energy will be supplied to the Company's assets in 2022. As a result, 100% of the energy demand of Polyus' assets located in Krasnoyarsk Territory and Irkutsk Region will be directly met by hydropower.

In early 2021, as previously announced, Polyus and RusHydro signed a one-year agreement to supply renewable electricity from the Sayano-Shushenskaya HPP to Polyus' Krasnoyarsk Business Unit (Olimpiada and Blagodatnoye). As a result, the level of electricity demand of the Company's operating assets met by renewable sources reached about 90%.

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold Ore Reserves. The company demonstrates the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor and Media contact

Victor Drozdov

Director, Communications & Investor Relations Department +7 (495) 641 33 77

drozdovvi@polyus.com

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or

Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

Disclaimer

Polyus Gold International Limited published this content on 02 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2021 06:21:05 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 4 978 M - -
Net income 2021 2 373 M - -
Net Debt 2021 1 886 M - -
P/E ratio 2021 11,4x
Yield 2021 3,84%
Capitalization 27 411 M 27 391 M -
EV / Sales 2021 5,89x
EV / Sales 2022 5,27x
Nbr of Employees -
Free-Float 22,0%
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Number of Analysts 5
Last Close Price 203,03 $
Average target price 231,48 $
Spread / Average Target 14,0%
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Managers and Directors
Pavel Sergeevich Grachev Chief Executive Officer & Director
Mikhail Borisovich Stiskin Director, Deputy CEO-Economics & Finance
Edward C. Dowling Chairman
Vladimir Anatolyevich Polin Director & Senior Vice President-Operations
Alexander Shitov Vice President-Control & Compliance
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