Further Growth Opportunities slide image

Further Growth Opportunities

Operating assets review (3/4) Asset Mine Capacity Grade (Ktpa) milled grade (g/t) (g/t Reserve 2017A output (koz) Outlook Voro OP 950 3.3 2.5 120 > Declining medium- term production and the cessation Kapan UG 750 4.0 4.0* ▲ POLYMETAL INTERNATIONAL PLC 50 50 Priorities AISC $/oz (2017E) of mining at Voro in 2019 Stockpile processing in 2019-2027 > Reserve estimate for Saum and Tamunier in 1H 2018 > Feasibility study for the joint development of Saum, North Kaluga and Tamunier with an upgrade of the existing CIP plant to include flotation circuit in Q3 2018 > Continue regional exploration and evaluation of bolt-on M&A opportunities 480- 520 > 10-15% production growth in 2018 driven by improved processing capacity utilisation > Carry on with improvement measures aimed at debottlenecking the underground mine > Continue active exploration activities in the region 1,100- 1,200 | 37
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