Based on information from OJSC “Polimetall” .

OJSC “Polimetall” (St.-Petersburg) does not intend to increase its authorized capital till it gets the credit from Standard Bank at the rate $120 mln. Besides, according to the head of the company Alexander Nesis, OJSC “Polimetall” does not plan to enter share market before the auction for the Suhoy Log deposit exploitation.

OJSC “Polimetall” intends to increase gold production in 2003 up to 7 tons, silver production — up to 570 tons.