PJSC Polyus (LSE, MOEX — PLZL) (Polyus, the Company, and together with the Company subsidiaries, the Group) signed a debut pre-export financing type credit facility with Societe Generale Corporate & Investment Banking for a total amount of 150 million US dollars. The facility is due in 2024 and is secured by a domestic gold sales contract with a Russian bank.
Polyus plans to use the proceeds of the facility for general corporate purposes.
Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented:
Polyus continues to pro-actively manage its debt portfolio, exploring new opportunities for increasing the flexibility of financing options. The ability to access new sources of financing is a result of the Company’s solid operational and financial performance, as well as our commitment to transparent financial reporting and adherence to best practice corporate governance
Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2017 Ore Reserves and Mineral Resources, Polyus group ranks second by both attributable gold reserves and gold resources among the world’s largest gold mining companies.
The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77
Forward looking statements
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.