The London Stock Exchange (LSE) listed Polymetal International PLC under the “POLY.” In addition, Polymetal International PLC operates in the precious metals mining industry. As of September 2021, Polymetal International PLC was listed on the LSE Main Market and was a constituent of the FTSE 100 index. Currently, the Polymetal share price as of this post is 225 GBp.
Investors interested in investing in Polymetal International PLC can purchase shares through a stockbroker or an online trading platform. Before investing, it’s essential to conduct thorough research on the company’s financial performance, management, industry trends, and other relevant factors. It’s also important to consider your investment objectives, risk tolerance, and horizon before making investment decisions.
Brief Background on Polymetal
Founded in Russia in 1998, Polymetal International PLC mines precious metals. The company was initially focused on exploring and developing silver deposits in Russia. Later, it became one of the largest silver producers in the country.
In 2011, Polymetal International PLC completed an initial public offering (IPO) and became listed on the London Stock Exchange. The company continued to expand its operations and production, diversifying its portfolio to include gold, zinc, and copper deposits.
Today, Polymetal International PLC operates in Russia and Kazakhstan, one of the world’s largest precious metals mining companies. The company’s portfolio includes several mining operations, including the Kyzyl gold mine in Kazakhstan, the Omolon gold mine in Russia, and the Varvara gold and copper mine in Kazakhstan.
Polymetal International PLC continues to commit to sustainable and responsible mining practices and has received several awards for its environmental and social responsibility initiatives.
Advantages of Investing in Polymetal International PLC
Polymetal International PLC has several advantages when you invest in it. Here are a few:
- Exposure to precious metals. Polymetal International PLC produces precious metals such as gold and silver. Therefore, investing in the company provides exposure to these commodities, which can be used as a hedge against inflation or market volatility.
- Diversification. Polymetal International PLC has a diversified portfolio of assets, including multiple mining operations in different countries. This gives investors a level of diversification that may help mitigate risk.
- Growth potential. Polymetal International PLC has a track record of growth and expansion and has continued to invest in the exploration and development of new deposits. This could potentially provide investors with capital gains if the company is successful in its growth efforts.
- Sustainability. Polymetal International PLC is committed to sustainable and responsible mining practices, which could attract socially responsible investors looking to invest in companies that prioritize environmental and social responsibility.
- Dividend income. Polymetal International PLC has a history of paying dividends to its shareholders, which could provide investors with a source of income. However, it’s important to note that dividend payments are subject to change and are not guaranteed.
Who are Polymetal International PLC’s competitors in the industry?
Polymetal International PLC operates in the precious metals mining industry, which includes several other companies engaged in the exploration, development, and production of precious metals such as gold, silver, platinum, and palladium. Some of Polymetal International PLC’s competitors in the industry include:
- Barrick Gold Corporation
- Newmont Corporation
- AngloGold Ashanti Limited
- Kinross Gold Corporation
- Gold Fields Limited
- Agnico Eagle Mines Limited
- Yamana Gold Inc.
- Pan American Silver Corp.
- First Majestic Silver Corp.
- Wheaton Precious Metals Corp.