In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…
The mining works of Polyus at the Natalka deposits in Magadan region will make Russia the second gold manufacturer in the world after China. “The largest gold-mining enterprise in Russian and one of the largest in the world has been commissioned in Magadan region. Its capacity will be 200 million tons of ore per year,…
Russian gold producer Polyus has started hot commissioning of a processing plant at the Natalka gold deposit in the Magadan region, the company said in a statement on September 5. “Following completion of the hot commissioning, the company anticipates that full production will be launched at Natalka before the end of 2017 as earlier guided,”…
In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…
The volume of Russian gold producer Polyus’ secondary public offering (SPO) amounted to $879 million taking into account the option of oversubscription or $799 million without this option, the company said in a statement. Polyus said earlier its board of directors set the SPO price at $66.5 per share. Around 9% of the company’s shares…
The board of directors of the Russian gold producer Polyus has set the price of its secondary public offering (SPO) at $66.5 per share, the company said in a report on June 30. Polyus planned to offer from 7% to 9% of its capital, including $400 million worth of new shares and existing securities, including…
Russian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…
Global rating agency Moody’s Investors Service has upgraded the outlook for ratings of Polyus Gold International Limited, which holds a majority stake in Russia’s largest gold miner Polyus, to Stable from Negative, the agency said in a statement on June 14. It also affirmed a corporate family rating of the company at Ba1 and the…