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Polyus says 2020 capex will be higher than forecast

5th November 2019

By: Reuters

  

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MOSCOW - Russia's biggest gold producer, Polyus, said on Tuesday it was significantly increasing its capital expenditure (capex) plans for 2020 compared with earlier forecasts.

"I will not give you a precise number but what I can tell you is that taking into account the spillover of capex from 2019 to 2020... there will be a significant increase in capex of the group versus the previous guidance in 2020," CFO Mikhail Stiskin said on a call with analysts.

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Edited by Reuters

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