Mission and Strategy

Polymetal aims to become the leading precious metals mining Group in Russia and the CIS through sustainable long-term growth and superior returns on invested capital.

We aspire to create value for all stakeholders through a three pronged strategy. We seek to:

• invest in existing assets to extend mine life and improve production efficiencies
• create centralized processing facilities to benefit from increase economies of scale
• pursue regional exploration campaigns to identify the next generation of producing assets

By 2012, Polymetal aims to increase gold production by over 100% to 630 Koz and to increase silver production by over 50% to 25.6 Moz.

Gold reserves are expected to increase by 100% to 8 Moz and silver reserves are expected to reach 600 Moz an 50% increase by 2011.