Polyus capex to accelerate in second and third quarters

14th May 2019 By: Reuters

MOSCOW – Russia's largest gold producer Polyus said on Tuesday it plans to materially accelerate capital expenditure in the second and third quarters of the year, without exceeding the $725-million it expects to spend in the year as a whole.

"We still expect to spend $725-million across all or business units in 2019," CEO Pavel Grachev said on a call with investors on Tuesday.