Tag Archives: Polymetal

Russia: Polymetal gold output up in 2016

In 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…

Russia: Polymetal ore reserves down in 2016

The ore reserves of the Russian silver and gold producer Polymetal International fell by 5%, to 616 tons, in 2016, the company said in a statement on March 14. “Polymetal’s ore reserves decreased by 5%, to 19.8 million ounces of gold equivalent mainly due to mining depletion and a downgrade at Varvara, which were partially…