Russian gold producer Polymetal extends losses on U.S. sanctions

Polymetal International PK

22/05/2023 08:36

** Shares of Polymetal International  POLYP.L  down as much
as 38.7% at 141p, top pct loser across all London shares 
    ** The Russian gold and silver producer responds to U.S.
sanctions on unit JSC Polymetal clarifying unit's operations
restricted to Russia, sanctions not impacting other ops of co 
    ** Co adds re-domiciliation of co to Kazakhstan on track 
    ** Stock had fallen about 8% in late Friday trade after U.S.
imposed fresh sanctions on cos including Russian business of
Polymetal 
    ** POLYP on track to log worst day since March 2022
    ** Including session's losses, stock down ~40% so far this
year 


    
   

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))