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 — #1 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 2022.
Revenue $ mln
4 998 2020
4 966 2021
4 257 2022
Total cash cost $/oz
362 2020
405 2021
519 2022
All-in sustaining cash cost $/oz
604 2020
715 2021
981 2022
Adj. EBITDA $ mln
3 690 2020
3 529 2021
2 584 2022
Adj. EBITDA margin
74% 2020
71% 2021
61% 2022
Net Debt/ Adj. EBITDA
0.7 2019
0.6 2020
0.9 2021
Operational highlights
Ore mined kt
71 155 2020
67 321 2021
62 333 2022
Ore processed kt
45 113 2020
47 895 2021
48 319 2022
Recovery rate, % koz
83.8% 2020
82.7% 2021
81.8% 2022
Total gold produced2 koz
2 766 2020
2 717 2021
2 541 2022
Lost time injury frequency rate (LTIFR) per 200k hours worked
0.10 2020
0.18 2021
0.14% 2022
Greenhouse gas (GHG) emissions CO2-e
2,4 2019
2,02 2020
1,34 2021
Asset overview FY 2022
Hard rock mines
| Olimpiada | Blagodatnoye | Natalka | Verninskoye | Kuranakh | |
| Rock moved, kt | 136.872 | 79.415 | 79.685 | 34.690 | 38.926 |
| Stripping ratio, t/t | 6.1 | 6.1 | 3.6 | 7.2 | 2.8 |
| Ore mined, kt | 19.316 | 11.140 | 17.394 | 4.230 | 10.253 |
| Grade in ore mined, g/t | 2.51 | 1.19 | 1.16 | 2.39 | 1.05 |
| Ore processed, kt | 15.189 | 9.034 | 12.427 | 3.902 | 7.767 |
| Grade in ore processed, g/t | 2.77 | 1.54 | 1,61 | 2.63 | 1.23 |
| Recovery, % | 82.1 | 86.3 | 72.1 | 89.9 | 88.7 |
| Dore gold, koz | 1,052.2 | 382.4 | 460.5 | 298.0 | 245.0 |
| Total gold output, koz | 1 043.4 | 387.8 | 444.7 | 296.1 | 239.4 |
1As at 31 December 2022
2Including gold in flotation concentrate
3Including 198 koz of gold contained in concentrate
Alluvial operations
| Assets | Sands washed, km³ | Average grade, g/t | Gold in slime, koz | Refined gold production, koz |
|---|---|---|---|---|
| Alluvials | 8 819 | 0.46 | 129.9 | 129.9 |