Renewed enthusiasm among investors for gold and silver undoubtedly played its part in helping to propel Polymetal International back into the FTSE 100 in the last index reshuffle at the end of September. Like all miners — in its case, of precious metals — the share price will fluctuate in line with the values of the commodities it pulls out of the ground.
However, it wasn’t the whole story: completing a lucrative mining project in Kazakhstan was also partly responsible, in that it underscored the potential developments that the Russian company had in store. Whether Polymetal International stays a member of the 100 leading companies will lie to an extent with the future values of silver and gold, but it will also be driven by