Polymetal says Q2 revenue up 26% to $385m

Russian gold and silver producer Polymetal said on Tuesday its second-quarter revenue rose 26% year-on-year to $385-million due to an increase in production and higher sales of gold. The company, part-owned by businessman Alexander Nesis, said its gold equivalent production, a mixture of gold and other metals, rose by 6% over the same period to 278 000 troy ounces.