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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
PJSC Polyus (MOEX: PLZL) («Polyus», or the «Company») notes that National Credit Ratings (NCR), a Russian credit agency, has confirmed an AAA.ru credit rating to the Company and one of its subsidiaries. This is the highest rating category according to the agency`s methodology. The rating outlook is stable.
In its review, NCR notes that the AAA.ru rating decision is driven by high assessment of Polyus’ business profile due to Company’s leading positions among Russian gold producers, as well as high financial profile assessment due to strong indicators of liquidity, debt burden and operating profitability.
In addition, NСR highlights the Company’s high quality of corporate governance, strategic planning and transparency of financial reporting, as well as a long-term history of stock circulation, which support the assessment of the Company’s business profile.
Polyus
Polyus ranks sixth among global publicly traded gold mining company by production volumes and is one of the largest gold miners in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
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Investor and Media contact
Capital Markets Department
+7 (495) 641 33 77
IR@polyus.com
Forward-looking statements
This announcement may contain “forward-looking statements” concerning Polyus and/or Polyus group. Generally, the words “will”, “may”, “should”, “could”, “would”, “can”, “continue”, “opportunity”, “believes”, “expects”, “intends”, “anticipates”, “estimates” or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the corresponding forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are difficult to predict accurately and which are beyond the control of Polyus/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.