Polyus Gold International Ltd is one of the largest gold mining companies in Russia and the world. The company has several competitive advantages that differentiate it from its peers -

1. Large gold reserves - Polyus Gold International Ltd has one of the largest gold reserves in the world, with proven and probable reserves of 61.2 million ounces of gold as of December 31, 2020. This gives the company a significant advantage over its peers in terms of production capacity and longevity.

2. Low-cost production - The company has a low-cost production model, which allows it to maintain profitability even during periods of low gold prices. This is achieved through efficient mining operations, cost control measures, and the use of advanced technologies.

3. Diversified operations - Polyus Gold International Ltd has a diversified portfolio of mining assets, including open-pit and underground mines, as well as processing facilities. This allows the company to mitigate risks associated with fluctuations in gold prices and production disruptions.

4. Strong financial position - The company has a strong financial position, with a net debt-to-EBITDA ratio of 0.5x as of December 31, 2020. This provides the company with the flexibility to invest in growth opportunities and return value to shareholders.

5. Commitment to sustainability - Polyus Gold International Ltd is committed to sustainable mining practices and has implemented a number of initiatives to reduce its environmental impact and promote social responsibility. This commitment to sustainability is increasingly important to investors and stakeholders, and sets the company apart from its peers.