Polyus Gold International
About Polyus Gold International
Overview
Polyus Gold International is Russia's largest gold producer and one of the top 10 gold mining companies globally by production. The company operates exclusively in Russia with a portfolio of world-class assets in Eastern Siberia and the Far East. Polyus has one of the lowest all-in sustaining costs in the industry and significant reserve life.
Operations
Polyus operates four core mining assets: Olimpiada (one of the world's largest gold deposits), Blagodatnoye, Natalka (one of the world's largest open-pit gold mines), and Verninskoye. The company produces approximately 2.8 million ounces of gold annually and controls over 100 million ounces of proven and probable gold reserves, ensuring decades of production.
Strategy
The company's strategy focuses on maintaining industry-leading cost efficiency, pursuing organic growth through brownfield expansions and reserve replacement, leveraging operational excellence and continuous improvement, and maintaining strong financial discipline. Polyus aims to remain the lowest-cost major gold producer globally while responsibly developing its extensive resource base.
Key Projects
Major projects include the Sukhoi Log development (one of the world's largest undeveloped gold deposits with reserves of over 40 million ounces), Olimpiada underground development to access high-grade ore zones, ongoing expansions at Natalka, and advanced exploration at numerous regional prospects. The company continues to invest in automation and digital technologies to enhance productivity.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- PLZL
- Market Cap
- Large Cap
- Category
- Gold
- Commodities
- Gold
- Headquarters
- Moscow, Russia
- Founded
- 2006
- Employees
- ~27,000
Operating Countries
Producing Assets
- •Olimpiada (Russia)
- •Blagodatnoye (Russia)
- •Natalka (Russia)
- •Verninskoye (Russia)
- •Kuranakh (Russia)
Development Assets
- •Sukhoi Log (Russia)
- •Kyzyl (Russia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.