Gold Prices: Higher gold prices typically increase POLY.BK's profitability and stock price, as it's a major gold producer. Conversely, lower gold prices can negatively impact its stock.

Production Volume: Increased gold production leads to higher revenues and earnings, potentially boosting the stock price. Decreases in production can have the opposite effect.

Operating Costs: Lower operating costs (mining, processing) improve profitability and can make the stock more attractive. Higher costs decrease profitability and can lower the stock price.

Reserves and Resources: Discoveries of new gold deposits can increase the company's valuation and stock price. Declines in proven reserves might negatively impact the stock.

Political Risks: Operating in countries with political instability or changing regulations can create uncertainty and lower the stock price. Stable political environments are generally viewed positively.

Exchange Rates: Fluctuations in exchange rates (especially between the Russian Ruble and US Dollar, since Polyus' main operations are in Russia) can impact revenue and profitability, influencing the stock price.

Investor Sentiment: Overall market sentiment towards gold mining stocks and emerging markets can affect demand for POLY.BK shares, impacting its price.

Company News: Significant news events like mergers, acquisitions, strategic partnerships, and financial results announcements can all influence investor perception and thus, the stock price.