POYYF - Use Polymetal International To Gain Short-Term Exposure To Gold
Investment Thesis
I am at a "buy" on Polymetal International (AUCOY) (POYYF) [LSE: POLY] as it is an ideal short-term investment to increase my gold exposure. Polymetal has enhanced its operation through investment into new mines and a POX (Pressure Oxidation) processing plant while keeping costs stable. Therefore, it is well-positioned to benefit from the high commodity prices and to pay a sizeable dividend.
Company Summary
Polymetal International is the second-largest gold mining company in Russia and one of the top twenty in the world. It operates nine mines across Russia