Polymetal hikes Q3 output by 26%, confirms FY guidance

Russian gold and silver producer Polymetal on Monday reported a 26% increase in its third-quarter gold-equivalent production of 470 000 oz, which is in line with its production plan of 1.4-million ounces for 2017. The third-quarter output included of 370 000 oz of gold, a 38% year-on-year increase, and 7.4-milion ounces of silver, a 7% year-on-year decline, as well as copper and zinc production.