In January-March Vysochaishiy produced 55 thousand ounces of gold, up 2-fold YoY.
This increase has become possible thanks to the start of operation at the Drazhnoye and Ugakhan deposits in 2017.
Ore output grew by 75%, to 1686 thousand tons, and processing – also by 75%, to 1748 thousand tons.
Average gold price in Q1 was $1335 per ounce, up by 10% YoY and by 5% QoQ.
Gold sales are estimated at $65 million, up by 86% YoY. (Ukrainian metal)