Polyus

PJSC Polyus is a Russian gold mining company. It is the largest gold producer in Russia and one of the top 10 gold mining companies globally by output (2.84 million ounces of gold production in 2019). It is headquartered in Moscow and is listed on both the Moscow and London Stock Exchanges. Polyus’ main assets are located in Eastern Siberia and the Russian Far East - in the regions of Krasnoyarsk Krai, Irkutsk Oblast, Magadan Oblast and the Republic of Sakha. The company is controlled by Said Kerimov, son of Russian billionaire and politician, Suleyman Kerimov. History Polyus was founded as Polyus Gold in March 2006, as a result of a spin-off from the gold assets of Norilsk Nickel. In May 2006, shares of Polyus Gold were admitted to listing and trading on the Russian stock exchanges RTS and MICEX (both of these later merged to form the Moscow Exchange). In December 2006, ADRs of Polyus Gold were listed and admitted to trading on the London Stock Exchange. Due to the sanctions imposed against it, the company plans to delist its depository lists from the LSE on July 25, 2023. Sanctions against Polyus were simultaneously imposed on May 19, 2023 by the United States, Great Britain and Australia.