Polymetal gold production rises 8% to 214,000 ounces in JanЦMar - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Polymetal gold production rises 8% to 214,000 ounces in JanЦMar

MOSCOW, Apr 18 (PRIME) -- Gold output of precious metals producer Polymetal International increased 8% on the year to 214,000 ounces, while silver production decreased 3% to 6 million ounces in JanuaryЦMarch, the company said in a statement on Wednesday.

Total output in gold equivalent grew 5% on the year to 295,000 ounces in the period.

Revenue went up 19% to U.S. $354 million. The company attributed the increase to a growth in sales and in prices for precious metals, and to a lesser impact of seasonal closings of gold refineries as compared with the same period of 2017.

Polymetal plans its 2018 production to reach 1.55 million ounces in gold equivalent, and total cash costs to amount to $650Ц675 per ounce in gold equivalent with all-in sustaining costs of $875Ц925 per ounce.

For further details, see the companyТs statement on its official website:

http://www.polymetalinternational.com/en/investors-and-media/news/press-releases/18-04-2018/

End

18.04.2018 09:26
 
 
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