Polyus Gold, Russia’s largest gold producer, was formed in March 2006 following the spinoff of Norilsk Nickel’s gold mining assets. Headquartered in Moscow, Polyus Gold’s operating mines and development projects are located in five major gold mining regions of Russia: the Krasnoyarsk, Irkutsk, Magadan and Amur regions and the Sakha Republic (Yakutia).
The company’s reserves (JORC, P&P) as of September 30, 2008 amounted to 72.3 mln oz. In 2007, the company’s production output amounted to 1.2 mln oz of gold. Polyus Gold employs over 15,000 people.
In Russia, Polyus Gold shares are traded on the RTS and MICEX. In Europe, the company’s ADRs are listed on the LSE and on the Frankfurt Stock Exchange. Polyus Gold’s ADRs are also traded OTC in the US.