Polyus: the national gold mining champion
- The largest gold producer in Russia and a top-5 gold producer globally with one of the lowest cost profiles
- Proven & probable reserves amount to 97 moz — #2 globally
- Maintain and expand extensive reserve and resources base
- Pursue capital-efficient growth opportunities
- Preserve cost leadership
- Strike balance between shareholder returns and optimal capital structure
- Maintain high standards of corporate governance and disclosure
- Maintain stringent health and safety standards
Our strategic priorities
Reserves and Resources1
Proven & Probabale
97 mln ozGold
1.9 g/tGrade
Measured and Indicated
196 mln ozGold
1.8 g/tGrade
Listings on stock exchanges
- Moscow Stock Exchange: primary listing since May 2006
Tracking our records. Financial highlights of FY 2023.
Revenue $ mln
4 966 2021
4 257 2022
5,436 2023
Total cash cost $/oz
405 2021
519 2022
389 2023
All-in sustaining cash cost $/oz
715 2021
981 2022
754 2023
Adj. EBITDA $ mln
3 529 2021
2 584 2022
3 889 2023
Adj. EBITDA margin
71% 2021
61% 2022
72% 2023
Net Debt/ Adj. EBITDA
0.6 2021
0.9 2022
1.9 2023
Operational highlights
Ore mined kt
67 321 2021
62 333 2022
81 757 2023
Ore processed kt
47 895 2021
48 319 2022
48 894 2023
Recovery rate, % koz
82.7% 2021
81.8% 2022
83.0% 2023
Total gold produced2 koz
2 717 2021
2 541 2022
2 902 2023
Lost time injury frequency rate (LTIFR) per 200k hours worked
0.18 2021
0.14 2022
0.13 2023
Greenhouse gas (GHG) emissions CO2-e
2.02 2020
1.34 2021
1.51 2022
Asset overview FY 2023
Hard rock mines
| Olimpiada | Blagodatnoye | Natalka | Verninskoye | Kuranakh | |
| Rock moved, km3 | 56,123 | 23,333 | 27,468 | 12,376 | 19,752 |
| Stripping ratio, m3/t | 1.2 | 1.0 | 1.7 | 1.8 | 1.4 |
| Ore mined, kt | 35,827 | 17,000 | 13,121 | 5,772 | 10,037 |
| Grade in ore mined, g/t | 2.93 | 1.21 | 1.02 | 1.92 | 1.04 |
| Ore processed, kt | 15,373 | 9,090 | 12,663 | 3,951 | 7,817 |
| Grade in ore processed, g/t | 3.96 | 1.66 | 1,32 | 2.32 | 1.19 |
| Recovery, % | 83.4 | 86.9 | 73.0 | 89.5 | 88.3 |
| Dore gold, koz | 1,501.7 | 402.1 | 391.8 | 265.7 | 238.7 |
| Total gold output, koz | 1,495.1 | 394.4 | 413.7 | 267.1 | 228.6 |
1As at 31 December 2022
Alluvial operations
| Assets | Sands washed, km³ | Average grade, g/t | Gold in slime, koz | Refined gold production, koz |
|---|---|---|---|---|
| Alluvials | 7,054 | 0.46 | 103.3 | 103.3 |