The Ukrainian Metal

Russia: Polymetal gold output up in Q1 2019

In January-March, Polymetal increased output by 27% YoY, to 374 thousand ounces of gold equivalent.

Gold manufacture grew by 41%, to 302 thousand ounces, while that of silver dropped by 15%. The share of gold in the overall output of the group totaled 81%.

Revenue increased by 28%, to $454 million, mostly due to the growth of sales by 41%.

The company confirms its plan to produce 1.55 million ounces of gold equivalent in 2019. (Ukrainian metal)

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