In 2015, Polymetal reduced gold production by 9%
Edited by Rhod Mackenzie / 2016-01-22 06:44:12
Finance Metals and mining Russia Russia mineral extraction Financial results Russia Metals and Mining Polymetal Copper Gold Silver
In 2015, Polymetal Int (unites assets of Polymetal) decreased its gold production by 9% to 861 thousand ounces (26.78 tons), and increased the silver by 12% to 32.1 million ounces (998.42 tons) as compared to 2014, the company reports.
In addition, last year the company produced 827 tons of copper, which is by 49% less than the result in the previous year. The total production of metal based on the ratio of 1:60 in the gold equivalent decreased by 2% to 1.401 million ounces. In terms of a new ratio of 1:80, adopted by the company, the decrease made up 3% to 1.267 million ounces.
