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Prices & Quotes - UK Markets - Polymetal International (POLY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 1,649.00p
Change Today:
-5.00p
Market Cap:
7,809m
Sector:
Mining

Polymetal jumps on resource estimate for Tomtor rare earths metal project

By Alexander Bueso

Date: Monday 07 Sep 2020

LONDON (ShareCast) - (Sharecast News) - An initial resource estimate confirmed the large scale and potential "substantial value" of Polymetal's niobium and rare-earth metals project at Tomtor.
The resource estimate of 13.2 metric tonnes of ore available for open pit mining was based on data obtained from the drilling of 652 holes since 1990 with a total length of 42 kilometres.

Located in the north-west of Yakutia, in the Russian Federation, the project is one of the largest and highest grade rare earth projects in the country and the highest grade development stage project for niobium in the world.

The project included both the open-pittable deposit and the Krasnokamensk Hydromet Facility which was to be built near the town of Krasnokamensk in South-Eastern Siberia, near the border with China.

Next steps for the project were now an initial ore reserve estimate and pre-feasibility study which were both due to be finalised in early 2021.

Shares of Polymetal were 3.99% higher to 1,995.5p as of 1232 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

POLY Market Data

Currency UK Pounds
Price 1,649.00p
Change Today -5.00p
52 Week High 2,050.00p
52 Week Low 1,389.50p
Volume 175,188
Shares Issued 473.58m
Market Cap 7,809m

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What The Brokers Say

Strong Buy 10
Buy 1
Neutral 4
Sell 1
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

POLY Dividends

  Latest Previous
  Final Interim
Ex-Div 06-May-21 03-Sep-20
Paid 28-May-21 25-Sep-20
Amount 89.00¢ 40.00¢

Trades for 15-Jun-2021

Time Volume / Share Price
09:45 198 @ 1,649.00p
09:45 304 @ 1,649.00p
09:44 0 @ 1,649.00p
09:44 29 @ 1,648.50p
09:44 1 @ 1,648.50p

POLY Key Personnel

Chair Ian Cockerill