In January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY. Average gold content grew by 10% QoQ, to 2.9 g per ton. Rock mining increased by 35%, to 5.6 thousand tons. Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)
Gold production of Polyus increased by 19% YoY, but fell by 6% QoQ, to 600,700 ounces in January-March, the company said in a statement on April 23. Sales grew by 24% YoY, but dropped by 11% QoQ, to 570,000 ounces. Production on the Olimpiada deposit rose by 17%, to 248,300 ounces, on Blagodatnoye by 3%,…
The gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said. Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)
A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market. The offering is proceeding with an accelerated book building. VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)
Since the start of the year and as of March 3, Polyus Aldan has produced 1 ton of gold. In 2017 the first ton was produced on March 13, and in 2018 – on March 6. In 2018 the enterprise produced 6.2 tons of gold. (Ukrainian metal)
The net profit of Russian gold producer Polyus plummeted by about 60% YoY, to 29.266 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on February 11. Revenue rose by 16.4% YoY, to 184.692 billion rubles in 2018. Gross profit gained 17%, to 117.347 billion rubles,…
In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…
