Polymetal says gold output falls 3% to 296,000 oz in January–March

MOSCOW, May 10 (PRIME) -- Gold production of Russian precious metals producer Polymetal International fell by 3% on the year to 296,000 ounces, or 9.2 tonnes, in January–March, the company said in a statement on Wednesday.

Silver output decreased by 13% to 3.9 million ounces, or 121.3 tonnes, in the period.

The company’s revenue rose by 19% on the year to U.S. $733 million thanks to stabilization of sales channels and high gold prices. ]

Net debt gained only 1% to $2.428 billion as of March 31.

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