PJSC Polyus (LSE, MOEX: PLZL) («Polyus» or the «Company») announces today that Edward Dowling, Maria Gordon, Kent Potter and William Champion have resigned from the Company’s Board of Directors due to inability to execute their governance function given the market circumstances.
Sergei Nossoff will serve as the Chairman of the Board with effect from 9 March 2022.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
«We are grateful to Edward, Maria, Kent and William for their years of productive work as directors. They contributed to Polyus’ superb results and becoming a world-class gold mining company. Polyus continues its operations in full, implementing strategic production development projects and maintaining an important social role against the rapidly changing background.»
Polyus is the world’s fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
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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.