PJSC Polyus (MOEX: PLZL) («Polyus», or the «Company») announces that on April 15 its subsidiary signed an agreement to sell a 100% stake in LLC Marokskoye to the UGC Group of Companies. LLC Marokskoye holds exploration licenses for the Marokskoye gold field, which is located in the North-Yenisei district of the Krasnoyarsk region, and is at an early stage of geological exploration.
The decision to sell the exploration licenses is in line with the Company’s ongoing strategy to optimize its portfolio of exploration assets.
Polyus
Polyus is the fourth largest gold producer in the world in terms of production and has one of the world’s largest gold 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 Territory, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Investors and Media
Capital Markets Department
+7 495 641 33 77
IR@polyus.com
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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the corresponding 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 difficult to predict accurately and which are beyond the control of Polyus/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to 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.