PJSC Polyus (Russian: ПАО "Полюс") is a Russian gold mining company. It is the largest gold producer in Russia and one of the top 10 gold mining companies globally by output (2.84 million ounces of gold production in 2019). It is headquartered in Moscow and is listed on both the Moscow and London Stock Exchanges.
Polyus’ main assets are located in Eastern Siberia and the Russian Far East - in the regions of Krasnoyarsk Krai, Irkutsk Oblast, Magadan Oblast and the Republic of Sakha.
The company is controlled by Said Kerimov, son of Russian billionaire and politician, Suleyman Kerimov.

History
Polyus was founded as Polyus Gold (Russian: Полюс Золото) in March 2006, as a result of a spin-off from the gold assets of Norilsk Nickel.In May 2006, shares of Polyus Gold were admitted to listing and trading on the Russian stock exchanges RTS and MICEX (both of these later merged to form the Moscow Exchange). In December 2006, ADRs of Polyus Gold were listed and admitted to trading on the London Stock Exchange. Due to the sanctions imposed against it, the company plans to delist its depository lists from the LSE on July 25, 2023. Sanctions against Polyus were simultaneously imposed on May 19, 2023 by the United States, Great Britain and Australia.
In 2009, the businessman Suleyman Kerimov bought a 37% stake in Polyus Gold from Vladimir Potanin. In 2015, the family of Suleyman Kerimov acquired 59% of Polyus Gold International Ltd (the parent holding company of Polyus Gold) and became the controlling shareholder of Polyus Gold. On 3 December 2015, Polyus Gold International Limited announced the delisting of its shares from the London Stock Exchange.In 2016, Polyus Gold changed its name to Polyus.
In June 2017, Polyus’s shares were re-admitted to trading on the London Stock Exchange.In April 2019, Polyus sold a 3.84% stake worth US$390 million in a secondary public offering on the Moscow Stock Exchange.

Operations
Polyus holds the world’s third largest gold reserves with 64.4 million ounces of proven and probable gold reserves, and the second largest mineral resource base globally with 193 ounces of gold.

Operating mines
Development and exploration
Sukhoi Log: one of the world’s largest gold greenfield projects. Estimated gold reserves are 962 mt of ore, grading 2.1 g/t gold for 63 moz of contained gold.
Other deposits in Krasnoyarsk Krai, Amur Oblast and Irkutsk Oblast

Ownership
Main owner as of 2021: Said Kerimov (76.34% of shares). 21.85% of shares are in free circulation, 1.03% belong to the company's management.[1]
In 2022 Said Kerimov sold 29.99% in Polyus to Acropol Group (belongs to Akhmet Palankoev) and gave 46.35% to the Fund for Support of Islamic Foundations in Russia. https://polyus.com/en/media/press-releases/changes-in-shareholder-structure/
In July 2023, the Board of Directors of Polyus announced a share buyback program. It is planned to buy out about 30% of the stake. The Board of Directors allocated 579 billion rubles for these purposes. At the time of the announcement of the offer, the buyback price (14.2 thousand rubles per share) was one third higher than the market price.

Carbon footprint
Polyus Gold reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 2,020 Kt (-380 /-15.8% y-o-y). The decline accelerated compared to the CAGR of -8.6% since 4Q'16.

References
External links
Official website

External links
 Media related to Polyus (company) at Wikimedia Commons