Polymetal raises gold output 7% to 642,000 ounces in JanЦJun
MOSCOW, Jul 23 (PRIME) -- Russian precious metals producer Polymetal International raised its gold production 7% on the year to 642,000 ounces in JanuaryЦJune, the company said in a statement on Thursday.
Silver output fell 11% to 9.8 million ounces in the period.
Gold sales decreased 2% to 595,000 ounces, and silver sales fell 4% to 9.9 million ounces.
Total production went up 4% on the year to 723,000 ounces in gold equivalent.
Revenue rose 30% to U.S. $1.135 billion in the period.
The company confirmed its production plan for 2020 at 1.5 million ounces of gold equivalent.