Polymetal to outperform 2018 production and cost guidance

Russian miner Polymetal expects to exceed its 2018 production guidance of 1.55-million ounces of gold equivalent by up to 50 000 oz, on the back of the successful ramp-up of the Kyzyl mine. The company produced 1.07-million ounces of gold equivalent in the first nine months of the year, 447 000 oz of which was booked in the September quarter.