Polymetal to increase gold production at Albazino by 13.3% in 2013

Polymetal Int. is about to produce 205 thousand ounces of gold in concentrate (6.4 tons) at the deposit of Albazino (Khabarovsk region) in 2013. It is by 13.3% more than in 2012.

They are about to produce 55 thousand ounces (1.7 tons) in Q1, 2013. The prime cost of production is about to make up $734 per an ounce in 2013. It is by 7.2% less than in 2012.

According to Polymetal, an average content of gold at the deposit will be at approximately 4.8-4.9 grams per a ton this year against 5.3 grams per a ton in 2012, while the recovery ratio – 88%, as last year.

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