Unlike EMZ shareholders, Polymetal shareholders decided to send a third of the profit received last year to pay dividends.

The largest silver manufacturer in Russia, Polymetal, registered on the distant island of Jersey located in the Norman Islands archipelago, increased the profit of almost 40% in 2012 compared to 2011 and earned $ 1 billion 854 million. It is reported by ITAR-TASS.

The profit of Polymetal before taxation and payment of mandatory payments amounted to $ 918 million, and profitability jumped to 50%.

The titanic efforts of the specialists of the island company made it possible to make 824.2 tons of silver and 18.3 tons of gold in 2012, which is a third more than 2011. The company's ambitious plans for 2013 provide an increase in the production of precious metals to 37.3 tons of gold.

As Valentina Bogomolova from Uralsib emphasized, Polymetal showed the expected strong results for IFRS for 2012. If at the beginning of this year the companies have lost more than 30%in price, today their potential has 50%growth and is recommended by Uralsib for the purchase.

The board of directors Polymetal International PLC recommended shareholders to approve dividends for 2012 in the total amount of $ 119 million or 0.31 dollars per share at the General Meeting. This is stated in the message of the company.

The final beneficiary with 20.7% of the shareholder of Polymetal is the Czech PPF Group NV Peter Kellner, 17.7% of the company belongs to the IST group Alexander Nesis and a 10% Polymetal is controlled by a certain Alexander Mamut.

Polymetal is one of the world's largest primary silver manufacturers, is one of the leading gold mining companies in Russia. The company mines gold and silver and conducts exploration work in four regions of Russia - the Magadan and Sverdlovsk regions, in the Khabarovsk Territory and in the Chukotka, as well as in Kazakhstan.