In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits.
The company forecast the output on the level of 2.075-2.125 million ounces of gold.
Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold concentrate from Olimpiada.
Revenue from gold sales is estimated at $2.684 billion, up by 11%, with the average sale price of $1259 per ounce.
The Polyus net debt in Q4 2017 decreased to $3.077 billion from $3.151 billion at the end of Q3 2017.
The Natalka deposits, commissioned in September 2017, at present operate at 50% loading, processing some 14-15 thousand tons of ore per day.
This year the company intends to produce 2.375-2.425 million ounces of gold, slightly above the last year forecast of 2.35-2.4 million ounces. (Ukrainian metal)
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