PJSC Polyus (MOEX — PLZL) («Polyus», the «Company»), the largest gold producer in Russia, publishes its inaugural Report on payments to governments for the year 2015. The report is available on the Company’s website at http://www.polyus.com/en/sustainability/payments-to-governments.
The reporting is part of the European Union’s initiative to disclose contributions of the extractive industry to governments of the countries of operations (EU Accounting Directive 2013/34/EU of 26 June 2013).
The Report confirms Polyus’ adherence to the highest corporate governance and transparency standards.
All relevant payments in 2015 were made to the budgets of the Russian Federation. The total amount of payments reached $341 million.
All payments in 2015 were made in Russian Roubles (RUB). For the presentation and comparable purposes, the payments in this Report are presented in US Dollars (USD). The RUB payments were converted into USD at the average exchange rate of RUB 60.96/USD 1.
Income tax payments
|
Mining entity |
$ ‘000 |
|---|---|
|
Krasnoyarsk Business Unit |
158,187 |
|
Alluvials |
20,676 |
|
Kuranakh |
18,573 |
|
Verninskoye |
4,451 |
|
Total |
201,887 |
Mineral extraction tax payments (royalties)
|
Mining entity |
$ ‘000 |
|---|---|
|
Krasnoyarsk Business Unit |
106,195 |
|
Alluvials |
11,480 |
|
Verninskoye |
11,176 |
|
Kuranakh |
9,437 |
|
Total |
138,288 |
Bonuses (payments for mining licenses)
|
Mining entity |
$ ‘000 |
|---|---|
|
Alluvials |
632 |
|
Kuranakh |
33 |
|
Verninskoye |
19 |
|
Chertovo Koryto |
23 |
|
Krasnoyarsk Business Unit |
1 |
|
Total |
708 |
Infrastructure improvement payments
|
Mining entity |
$ ‘000 |
|---|---|
|
Total |
0 |
Production entitlements
|
Mining entity |
$ ‘000 |
|---|---|
|
Total |
0 |
License payments
|
Mining entity |
$ ‘000 |
|---|---|
|
Total |
0 |
Dividends
|
Mining entity |
$ ‘000 |
|---|---|
|
Total |
0 |
Total payments
|
Mining entity |
$ ‘000 |
|---|---|
|
Krasnoyarsk Business Unit |
264,383 |
|
Alluvials |
32,788 |
|
Verninskoye |
15,646 |
|
Kuranakh |
28,043 |
|
Chertovo Koryto |
23 |
|
Total |
340,883 |
Polyus
Polyus (www.polyus.com) is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced. The Company also holds the fourth largest mineral resources base in the world.
Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
In 2015, the Company confirmed its status of one of the lowest-cost gold producers globally.
Enquiries:
Investor Contact
Sergey Krivokhizhin, Director Investor Relations
+7 (495) 641 33 77 ir@polyusgold.com
Media contact
Artem Gorbachev, Press Secretary
+7 (495) 641 33 77 gorbachevav@polyusgold.com
Forward looking statement
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.