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Capital expenditures of Polymetal expected at $225 mln in 2024

The company expects its Kazakhstan assets to deliver stable production at 475 Koz of GE

MOSCOW, March 15. /TASS/. Polymetal projects capital expenditures in Kazakhstan in 2024 at around $225 mln, including $60 mln for Ertis POX, the company said in a statement on Monday.

"Capital expenditures are expected to be approximately $225 million including $60 million for Ertis POX," the statement said.

Polymetal also expects its Kazakhstan assets to deliver stable production at 475 Koz of GE, while costs are estimated in the ranges of $900-1,000/GE oz for total cash costs and $1,250-1,350/GE oz for all-in sustaining costs, respectively.

On March 11, Polymetal closed the deal to sell 100% of shares of Polymetal (the holding company of Russian assets) to Mangazeya Plus.

Gazprom says EU artificially destroys gas demand to the detriment of its own economy

As for global gas demand, gas consumption in January-October increased by 80 bln cubic meters year-on-year, the company noted

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The diplomats see this approach as "land in exchange for Ukraine’s security"

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At least ten Ukrainian troops were killed

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Demographic crisis threatens Ukraine’s viability as state — think tank

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"Certain communication is maintained between the defense ministers, in the four-lateral format," Alexander Lavrentyev said

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Russian diplomat hails Odessa woman as defender of truth after flag protest

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