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Polymetal shares down more than 3.5% in early trading on Moscow Exchange

Polymetal is one of the world’s ten largest gold producers and five biggest silver makers

MOSCOW, December 11. /TASS/. Shares of Polymetal fell by more than 3.5% in early Monday trading on Moscow Exchange following a statement on exchange of shares blocked as a result of sanctions imposed by the EU against the National Settlement Depository (NSD) for new shares issued on the AIX, according to trading data.

As of 10:00 a.m. Moscow time (07:00 a.m. GMT) Polymetal shares were down by 3.44% at 482.8 rubles per share.

By 10:10 a.m. Moscow time (07:10 a.m. GMT) the company’s shares had extended losses to 3.66% trading at 481.7 rubles per share.

As of 10:26 a.m. Moscow time (07:26 a.m. GMT) Polymetal shares were down by 2.42% at 487.9 rubles per share.

Polymetal is one of the world’s ten largest gold producers and five biggest silver makers. Its assets are located in Russia and Kazakhstan. The company has a portfolio of ten producing gold and silver mines and a pipeline of future growth projects.

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