The Ukrainian Metal

Russia: Polyus to increase gold output in 2018

In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year.

The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020.

One of the growth drivers will be the Natalka deposits, where a new plant was put into operation in September. Investments in the project totaled $2.2 billion.

In 2018 the plant is expected to reach its full capacity, and the average annual output will be 450 thousand ounces (14 ton). Natalka will be developed for 31 years. (Ukrainian metal)

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