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En Ru
  • Gold (USD) 1,265.55 +2.75
  • MOEX (RUB) 0.00 0.00
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1,968 koz of gold
produced in 2016 (2015: 1,763 koz)
389 $/oz
Total cash cost per ounce sold
572 $/oz
All-in sustaining cash cost
Ore processed, kt
24,824 2015
26,445 2016
Adj. EBITDA $ mln
1,278 2015
1,536 2016
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,458 $ mln
Total Revenue in 2016
0.12
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2016 (2015: 0.08)
Factsheet

Board of Directors

Board of Directors

The Board of Directors is composed of nine members, including three independent directors, with the Chairman being an independent director.

Edward Dowling

Chairman
Independent Director

Chairman of the Nomination & Remuneration Committee
Chairman of the Strategy Committee
Member of the Audit Committee
Member of the Operations Committee

Mr. Edward Dowling is the Chairman of the Board of Directors of Alacer Gold, where he served as President and CEO between 1998 and 2012. In addition, he is also a Board member at Teck Resources Limited, Canada’s largest diversified mining company and Detour Gold Corporation, a Canadian intermediate gold mining company.

His mining experience spans 30 years and includes holding the positions of Executive Director for Mining and Exploration at De Beers, President and CEO of Meridian Gold Inc., and Executive Vice President for Operations at Cliffs Natural Resources Inc.

Mr. Dowling is a former Board member of De Beers Société Anonyme, Victoria Gold Corp, Polyus Gold International Limited and Zinco de Brasil Inc.

Mr. Dowling graduated from the Pennsylvania State University in 1982 with degrees in mining engineering and mining processing. He obtained his Master’s degree and PhD in mineral processing from the same university in 1987 and 1998, respectively.

Kent Potter

Independent Director

Chairman of the Audit Committee
Member of the Nomination & Remuneration Committee
Member of the Strategy Committee

Mr. Kent Potter sits on the Board of Eurochem Group AG, the leading mineral fertilizer producer in Russia. From 2013 to 2016 he was also a Board member of SUEK plc, Russia’s largest coal producer and exporting company.

Prior to these appointments, Mr. Potter spent 27 years with Chevron, during which he held a number of senior management positions. In 2003, Mr. Potter was appointed CFO of TNK-BP. Following TNK-BP, he was appointed Vice President and CFO of LyondellBasell Industries.

Mr. Potter was awarded a Bachelor’s degree in Engineering and an MBA from the University of California, Berkeley.

William Champion

Independent Director

Chairman of the Operations Committee
Member of the Audit Committee
Member of the Nomination & Remuneration Committee

Mr. William Champion serves on the Board of Compañía de Minas Buenaventura S.A.A., the largest publicly traded precious metals company in Peru.

Mr. Champion has over 30 years of experience in mining. From 2002 to 2014, he was at Rio Tinto where he held a number of senior management positions. These included Managing Director of Rio Tinto’s Diamonds Business Unit and Managing Director of Rio Tinto Coal Australia.

Mr. Champion was awarded a Bachelor of Science in Chemical Engineering from the University of Arizona.

Anastasia Galochkina

Member of the Nomination & Remuneration Committee

Ms. Anastasia Galochkina is Managing Director of Nafta Moskva. Prior to joining Nafta Moskva, from 2004 to 2011, she worked for Vostok Nafta Investment Ltd, a Swedish investment company. From 2006 to 2008, she also served on the board of Kontakt East Holding AB. Prior to joining Vostok Nafta, Ms. Galochkina worked at Ernst&Young’s consultancy group in Moscow.

Ms. Anastasia Galochkina is a qualified Chartered Financial Analyst. She graduated from the National Research University of Electronic Technology in Moscow with a degree in economics.

Said Kerimov

Member of the Strategy Committee

Mr. Said Kerimov is currently studying at the Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation.

Gulnara Kerimova

Ms. Gulnara Kerimova currently works at the representative office of JSC MG International AG. Prior to this, she was employed by Credit Swiss Group’s representative office in Russia.

Ms. Kerimova graduated from the Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, International Business and Business Administration Faculty.

Pavel Grachev

Chief Executive Officer

Member of the Strategy Committee
Member of the Operations Committee

Pavel Grachev was appointed head of Polyus in 2013. Prior to that, from 2010 to 2013, Mr. Grachev served as Chief Executive Office of the leading potash producer Uralkali and then of the Far East and Baikal Region Development Fund. From 2006 to 2011, he worked as chief counsel and then managing director of the investment company Nafta Moskva. From 1997 to 2006 he was the head of the Moscow office of the law firm Pavia e Ansaldo (Italy). In addition, Mr. Grachev has also served on the boards of Polyus Gold, the Federal Grid Company, Uralkali, PIK Group (as Chairman) and Polymetal.

Mr. Grachev graduated from the Saint Petersburg State University and the University of Trieste (Italy) with degrees in law.

Vladimir Polin

Senior Vice President, Operations

Member of the Operations Committee

Mr. Vladimir Polin joined Polyus in August 2014. He has extensive managerial experience in the metals and mining sector. Prior to joining Polyus, Mr.Polin was Chief Operating Officer at En+, a leading Russian industrial group with assets in the metals, mining and energy sectors. Before that, for three years, he headed the East aluminium division at Rusal, the world’s leading aluminium producer. Prior to joining Rusal, Mr. Polin spent almost ten years at Mechel, a major coal and steel producer in Russia, in a variety of senior posts including Chief Executive Officer and Senior Vice President at Mechel Management.

Mr. Vladimir Polin graduated from Chelyabinsk Polytechnic Institute with a degree in metallurgy.

Mikhail Stiskin

Senior Vice President, Finance and Strategy

Member of the Strategy Committee

Mr. Mikhail Stiskin joined Polyus in 2013 following a highly successful career in investment banking. Mikhail was Managing director at Sberbank CIB (until 2011 known as Troika Dialog where Mikhail was also a partner), a corporate and investment banking arm of Sberbank, Russia’s largest financial institution, where Mikhail was in charge of research coverage of the metals and mining/fertilizer sectors. For many years in a row Mikhail’s team rated as best in the sector within both the CIS and EMEA regions, according to annual institutional investor surveys. Mikhail has also been actively involved in a number of landmark transactions in the sector.

Mr. Stiskin graduated with honours from the Moscow State Institute of International Relations with a degree in economics and holds a master’s degree in economics from the University of Michigan (Ann Arbor).