Polyus delivers solid H1 operational results

Continuing to build on its position as a low-cost gold producer with a clear growth strategy, Russia-based Polyus delivered consistent production in the half year ended June 30, achieving a 12% year-on-year increase to 938 000 oz. The company – Russia’s largest gold producer – attributed this output growth to higher production volumes at its Olimpiada and Verninskoye operations. Polyus also saw a significant 29% year-on-year increase in volumes of ore mined, to 17.8-million tonnes, as a result of mining volumes growth at the Olimpiada and Kuranakh operations and the start of full-scale mining activity at Natalka.