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En Ru
2,440 koz of gold
produced in 2018 (2017: 2,160 koz)
348 $/oz
Total cash cost per ounce sold
605 $/oz
All-in sustaining cash cost
Ore processed, kt
28,663 2017
38,025 2018
Adj. EBITDA $ mln
1,702 2017
1,865 2018
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,915 $ mln
Total Revenue in 2018
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2018

Our approach

We are committed to minimizing its environmental impact and working to preserve the natural areas surrounding our operations. Critical to this is the sustainable use of natural resources, as well as ensuring safe working and living conditions for employees and local communities.

With an average life of mine of about 30 years, we take a long-term approach to environmental management across our assets.

By continuously working to improve our environmental performance at every stage of the production cycle, we strive to consistently minimize its environmental impact.

Starting from the design engineering stage, we assess all potential environmental risks and plan our activities to minimize or eliminate these. This is regulated by our officially approved corporate “Standard for Environmental and Social Impact Assessments”. Environmental impact assessment materials are released to the public and include contact details for feedback. As an example, EIA materials for our recent large-scale project at Natalka are posted at the website of the Tenkinsky municipality.

During construction and field development, we focus on:

  • preventing air and water pollution
  • waste management and conserving biodiversity
  • mine site rehabilitation

To manage these factors, we have developed and introduced a “Standard for the Sustainable Use of Natural Resources, Preventing Environmental Pollution, and Tracking and Reporting Environmental KPIs”, which is applicable to all stages of the life cycle.

We extend our environmental standards to our contractors and vendors. This is regulated by our “Contractors’ HSE Cooperation and Coordination Standard”. Another officially approved “Cyanide management standard” has been introduced to ensure compliance with the International Cyanide Management Code. This corporate standard requires our cyanide suppliers to comply with the Code and prevents cyanide procurement from uncertified vendors.

Management System

Polyus has rolled out an integrated HSE and sustainable development management system. This includes an Environmental Management System which incorporates all our environmental protection initiatives.

All of our mining assets are certified in accordance with ISO 14001 requirements. Certification compliance audits are carried out on a regular basis.

On an annual basis, the sustainability reports reflect the quantified results of the environmental management system.

The improved environmental management system has led to a significant reduction in environmental impact charges in excess of the standard rate.

(1)* Standard rate charge, RUB mln

(2)* Charge in excess of the standard rate, RUB mln