Meet the CEO: Vitaly Nesis, Polymetal CEO
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Simon French, Panmure Gordon’s Chief Economist, interviews Vitaly Nesis, CEO of Polymetal, about the company’s recent financial results, the price of silver and gold and the production levels of a new mine.
Video clips of Simon’s interview with Vitaly are below, including the entire interview and specific questions and answers.
Q: What are highlights of your recent interim results? (1:11 including introduction)
Q: What key metrics should investors plot for the next half of the year? (1:15)
Q: Can you quantify the seasonality of the business? (1:03)
Q: What net debt to EBITDA levels can investors anticipate and what’s that conditional on? (00:54)
Q: What levels of distributions should investors expect? (1:23)
Q: Can you explain why debt capital markets don’t present a problem for Polymetal? (2:37)
Q: How does the higher gold price impact your asset disposal or acquisition strategy? (1:34)
Q: What progress have you made over the last 12 months in ESG? (3:35)
Q: How can the IP you have for your pressure oxidisation technology be scaled up? (2:35)
Q: What’s your expectation for gold production over the next 3-5 years? (1:24)
Q: What should investors expect in terms of grade profile? (1:45)
Q: What are your views on the gold and silver price going forward? (1:34)
Q: What proportion of production revenues will make up the business once it’s open? (00:31)
Q: What sensitivity analysis do you do to understand the big drivers of the bottom line? (1:31)
Q: For some investors the Russian exposure is a reason not to own shares. How do you think things are evolving in Russia and what does it mean for Polymetal shares? (2:29)
Q: How much further can the share price go and what is par value? (3:37)
Simon French
Managing Director, Head of Research
