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Polymetal disappoints with half year results

Exchange rate also a risk to costs

Tom Hoskyns
Polymetal's Kyzyl mine in east Kazakhstan

Polymetal's Kyzyl mine in east Kazakhstan

Adjusted EBITDA for H1 was US$660 million, an increase of 8% year-on-year but 15% below consensus, while an interim dividend of $0.45/sh was slightly behind expectations of $0.52/sh. Capex amounted...

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