Polymetal International has been included into the Dow Jones Sustainability Emerging Markets Index (DJSI) for the first time. It becomes the first Russian company to join the DJSI, effective from September 24, 2018. The company is ranked eighth among other mining companies included in the index series.
“I am proud that Polymetal has successfully met the stringent criteria of Dow Jones Sustainability Indices. It should send a strong message to investors worldwide,” said Group CEO, Vitaly Nesis. “This achievement is a testament of our strategic commitment to sustainability as a defining characteristic of the company.”
The Dow Jones Sustainability Emerging Markets Index comprises emerging-market sustainability leaders as identified by RobecoSAM. It aims to represent the top 10% of the largest 800 companies in 20 emerging markets based on long-term economic, environmental and social criteria. For more information on DJSI, visit www.sustainability-indices.com.
Manjit Jus, Head of ESG Ratings, RobecoSAM: “I congratulate Polymetal for being included in the DJSI Emerging Markets. Companies that compete for a coveted place in the DJSI challenge themselves to continuously improve their sustainability practices and we are pleased to see that the number of companies that commit to achieving measurable positive impacts continues to rise.”
Polymetal International is a top-20 global gold producer and top-5 global silver producer with assets in Russia, Kazakhstan and Armenia. It supports the UN Global Compact, EITI, CDP, Cyanide Code and Global Reporting Initiative. The company is ranked first in the environmental responsibility for metals and mining companies in Russia by WWF and UNDP and is part of the following leading sustainability ratings:
• MSCI ESG
• Euronext-Vigeo
• STOXX Global ESG Leaders
• FTSE4Good
See also https://www.polymetalinternational.com/en/sustainability and find the company’s annual sustainability report “20 years of sustainable development”.
Polymetal produced 324,000 oz of gold equivalent (GE) in the second quarter of 2018, up 17% year-on-year. Volumes at Svetloye and Amursk POX combined with improved grades at Omolon drove the strong performance. Gold production for the quarter was 232,000 oz, up 22% year-on-year. Silver production grew by 2% to 6.8 Moz year-on-year.
GE production for the first six months of 2018 was 619,000 oz, an 11% increase year-on-year and fully in line with guidance. Stronger production in the 2H will be driven by traditional seasonal concentrate de-stockpiling at Mayskoye, as well as first contributions from the recently launched Kyzyl operation (pictured).
Kyzyl produced first concentrate in June, one month ahead of schedule. The operation is expected to ramp up to full throughput capacity (150,000 t/month) and reach design recoveries (86%) by October 2018. The company plans to produce 80,000 oz of payable gold at Kyzyl this year.
