AUCOY - Polymetal Still Has Upside Driven By Earnings Growth
Investment Thesis
I wrote a Top Idea article about Polymetal International (OTCPK:AUCOY) in July 2018 and performance has since been very good. I still think there is plenty of upside left for Polymetal.
The 2019 production guidance is marginally down from 2018 production numbers, but revenues will be higher given current metal prices. Cost are also expected to be lower going forward, primarily due to increased production from the low cost asset Kyzyl, disposal of higher cost assets, and a weaker Russian Ruble.
I own Polymetal via London Stock Exchange where the liquidity