Press releases

FY2023 Dividend Recommendation

The Board of Directors (the “Board”) of PJSC Polyus (MOEX — PLZL) (“Polyus”, or the “Company”) is recommending for the Annual General Meeting of Shareholders (“AGM”) not to distribute net profit for the financial year 2023, not to pay dividends for the relevant period.

Polyus’ AGM will be held on June 28, 2024. The record date has been set on June 4, 2024.

Alexey Vostokov, Chief Executive Officer of Polyus PJSC, commented:

While the Company delivered strong results in 2023, the mining industry continues to face challenges, both external and internal.

Considering dividend recommendation for FY 2023, the Board took into account the importance of maintaining the Company’s financial and operational stability in light of a record investment program, rising operating costs and the high cost of debt funding in an environment of elevated interest rates. The Company’s priority remains in delivering long-term shareholder value, which means that it should now stay focused on implementing ambitious investment projects despite high market volatility.


Polyus is a top five global gold mining company by production volumes and one of the largest gold miners 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).

Investor and media contact

Capital Markets Department

+7 (495) 641 33 77

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.