https://www.miningweekly.com
Flow|Gold|PROJECT|Underground|Flow
Flow|Gold|PROJECT|Underground|Flow
flow-company|gold|project|underground|flow-industry-term

Polymetal reports big jump in production

18th April 2019

By: Creamer Media Reporter

     

Font size: - +

Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines.

GE production increased to 374 000 oz. Gold production was up 41% to 302 000 oz, while silver production decreased by 15%, owing to the planned grade decline at the Dukat underground mine.

The new Kyzyl mine delivered 78 000 oz of gold in the three-month period.

“Kyzyl's performance demonstrates both Polymetal's project development capability and the asset's huge potential for cash flow generation,” commented CEO Vitaly Nesis.

Revenue increased by 28% year-on-year to $454-million, largely driven by a 41% uptick in gold sales, compared with the prior-year period.

Polymetal affirmed its production guidance of 1.55-million ounces of GE.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024
Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.195 0.235s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: