Earnings Report /
Russia

Polymetal International: 4Q20 operating results — Neutral

  • Polymetal issued its 4Q20 operating results, which were broadly in line with market expectations

  • The company reiterated its 1.5Moz of GE production guidance, followed by a 6.7% increase in 2022 to 1.6Moz in 2022

  • We view the results as neutral for the stock, whereas the stock price performance should remain intact

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
29 January 2021
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