Polymetal rises on possible disposal of Russian assets

Polymetal International PK

20/07/2022 08:52

** London-listed shares of gold producer Polymetal  POLYP.L 
up 6.3% at 250p  
    ** POLYP is considering disposing of its Russian assets in a
shift to focus on its operations in Kazakhstan, co said on
Tuesday  urn:newsml:reuters.com:*:nL1N2Z01GE
    ** Co said potential deal would be part of its broader
strategy to "de-risk its ongoing operations"
    ** Co has not been directly targeted by western sanctions
imposed on Moscow after Russia sent troops into Ukraine in
February
    ** Miner hopes offloading its Russian assets might shore up
co's footing on global capital markets
    ** Including session's gains, stock has fallen ~81% YTD

 (Reporting by Radhika Anilkumar in Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com))