Gold producer Polymetal considering disposing of its Russian assets

Polymetal International PK

19/07/2022 15:04

July 19 (Reuters) - Gold and silver producer Polymetal
 POLYP.L  is considering disposing of its Russian assets in a
shift to focus on its operations in Kazakhstan, the company said
on Tuesday.
    The potential sale would be part of the firm's broader
strategy to "de-risk its ongoing operations," the company said
in a statement.
    The miner also hoped offloading its Russian assets would
shore-up Polymetal's footing on global capital markets, allowing
it to re-enter equity indices that it was ejected from in the
wake of Russia's invasion of Ukraine, the company said.

 (Reporting by Reuters; editing by David Evans)