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En Ru
2,440 koz of gold
produced in 2018 (2017: 2,160 koz)
348 $/oz
Total cash cost per ounce sold
605 $/oz
All-in sustaining cash cost
Ore processed, kt
28,663 2017
38,025 2018
Adj. EBITDA $ mln
1,702 2017
1,865 2018
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,915 $ mln
Total Revenue in 2018
0.09
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2018
Factsheet
Press releases

Polyus swapped 20 Billion Rouble Bonds Issue into a fixed-rate USD facility

PJSC Polyus (LSE, MOEX — PLZL) (“Polyus”, the “Company”) has entered into cross-currency swaps with banks to convert 20 billion 10-year (with a put option in 5 years) rouble bonds into a fixed-rate USD liability, following the successful placement on 4 October 2019. The interest rate was set at 3.23%, the lowest rate across the existing Polyus’ debt portfolio, excluding convertibles.

In line with previous announcements, the Company plans to use proceeds for debt refinancing initiatives and other general corporate purposes.

Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented:

Polyus’ ability to obtain debt financing at favorable terms of investment-grade issuers reflects the strength of our balance sheet and low risk business model. With such an ability we will continue focusing on debt management, aiming at average interest rate reduction and maturity profile extension.

Polyus

Polyus is the largest gold producer in Russia and one of the top five gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, Polyus group ranks third by attributable gold reserves among the world’s largest gold mining companies. The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor contact
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77
drozdovvi@polyus.com

Media contact
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77
vasilevavs@polyus.com

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.