The Ukrainian Metal

Russia: Polymetal gold output up in 2018

The gold output of the Russian precious metals producer Polymetal International increased by 13%, to 1.216 million ounces in 2018, the company said in a statement on January 31.

Silver production decreased by 6%, to 25.3 million ounces.

The company’s total output in gold equivalent grew by 9% YoY, to 1.562 million ounces in the period.

Polymetal confirms the plan for 2019 at 1.55 million ounces and for 2020 at 1.6 million ounces of gold equivalent. (Prime/Ukrainian metal)

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