Polymetal International is one of the world’s largest producers of primary silver and second largest gold mining company in Russia. The Company’s production and exploration facilities in Russia span across four regions - Magadan, Chukotka, Khabarovsk and Sverdlovsk. The company also has substantial operations in Kazakhstan, as well as Armenia.
Polymetal International carries out full range of deposit development, from initial exploration all the way to production. One of the key elements of the Company’s strategy is to establish large processing hubs, positioning the extractive operations around them in order to maximise staff and cost efficiencies, and to optimise return on investment.
In November 2011, Polymetal International was the first Russian gold miner to complete a premium listing on the London Stock Exchange (Ticker: POLY).
Polymetal has operated in Kazakhstan since the fourth quarter of 2009, when the Company acquired Varvara gold and silver deposit in the Kostanay region. The facility, which includes processing and gold recovery plants, has a capacity of 4.2 Mtpa. Varvara’s output consists of gold-copper concentrate and gold-bearing alloy.
In September 2014, Polymetal International completed the acquisition of the Kyzyl gold project in north-eastern Kazakhstan. The Kyzyl Project includes Bakyrchik, one of the largest gold deposits in Kazakhstan. The first concentrate is expected in the second half of 2018.
In 2016, Polymetal acquired the Komarovskoye deposit in Kostanay region of Kazakhstan. This project complements the Varvara hub by adding to its raw materials base, reducing costs and extending its operational life.
SRK Consulting is the world’s first one-stop consultancy offering specialist services to mining and exploration companies for the entire life cycle of a mining project from exploration through to mine closure.
Among SRK Consulting’s clients are most of the world’s major and medium-sized mining houses, exploration companies, banks, audit firms and government departments.
Formed in Johannesburg, South Africa in 1974, SRK now employs over 1,400 professionals in 45 permanent offices in 20 countries on six continents.
In 2010 SRK Consulting opened its office in Almaty. Opening of the office in Kazakhstan has allowed SRK Consulting to provide its excellent quality technical solutions with consideration of the existing national legislation in the sphere of subsoil use.
SRK Consulting employs leading specialists in each field of science and engineering. Its seamless integration of services, and global base, has made the company the world’s leading practice in exploration, JORC Compliance, due diligence, feasibility studies and confidential internal reviews.