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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.

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