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Polymetal Updates CAPEX Guidance - Quick Facts

Polymetal International plc (POLY.L) said the company now estimates its 2020 CAPEX of $540 million, revised from prior guidance of $475 million. The company said its full year production is on track with its outlook. Free cash flow (pre M&A) is also on track for the full year period. Also, Polymetal International plc has maintained its 2020-2025 production outlook.

The company's output for the nine month period was 1,200 Koz, an increase of 5% year-on-year, driven by strong contributions from Kyzyl, Omolon and Varvara.

The company estimates additional COVID-related costs at approximately $4 million per month or roughly $30 per oz produced.

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