REG - Polymetal Int PLC - New investor presentation <Origin Href="QuoteRef">POLYP.L</Origin>

Polymetal International PKAnnouncement

29/02/2016 07:11

RNS Number : 4151Q
Polymetal International PLC
29 February 2016
Release time
IMMEDIATE
Date
29February2016
Polymetal International plc
New investor presentation
Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") has posted an updated Company presentation today on the Company's website.
The Company reconfirms its production guidance for 2016-2019 (after restatement of the gold/silver price ratio to 1/80) and provides production guidance for 2020 which will comprise 1,600 Koz of gold equivalent.
Given the persistent change in gold/silver market price ratio, Polymetal changed the gold/silver ratio used in presenting gold equivalent (GE) production from 1/60 to 1/80. The effect of this restatement on the production guidance is summarised in the table below. Any further revisions to the new conversion ratio would only be triggered by a change in market ratio by more than 20%.

FY 2016
FY 2017
FY 2018
FY 2019
FY 2020






Gold equivalent production, Koz - old ratio (1/60)
1,350
1,400
1,450
1,550
NA
Gold equivalent production, Koz - new ratio (1/80)
1,230
1,300
1,400
1,500
1,600
The presentation can be accessed at: http://www.polymetalinternational.com/investors-and-media/presentations-webcasts/presentations/2016.aspx?sc_lang=en
Enquiries
Media
Investor Relations
FTI Consulting 
Leonid Fink 
Jenny Payne
+44 20 3727 1000
Polymetal
Maxim Nazimok
Evgenia Onuschenko
Elena Revenko
ir@polymetalinternational.com
+7 812 313 5964 (Russia)
+44 20 7016 9503 (UK)
Joint Corporate Brokers
Morgan Stanley
Sam McLennan
+44 20 7425 8000
RBC Europe Limited
Tristan Lovegrove
Jonny Hardy
+44 20 7653 4000
FORWARD-LOOKING STATEMENTS
THIS RELEASE MAY INCLUDE STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, "FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS RELEASE. THESE FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE WORDS "TARGETS", "BELIEVES", "EXPECTS", "AIMS", "INTENDS", "WILL", "MAY", "ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR, IN EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY DISCUSSION OF STRATEGIES, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS ALL INCLUDE MATTERS THAT ARE NOT HISTORICAL FACTS. BY THEIR NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER IMPORTANT FACTORS BEYOND THE COMPANY'S CONTROL THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN WHICH THE COMPANY WILL OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE. THERE ARE MANY FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.

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