Russia, Polyus Gold
Aldanzoloto JSC (in the structure of Polyus) plans to increase gold mining at the Kuranakh deposit in Yakutia to 7 tons a year, which is by 40% higher than in 2016, the managing director of the com
Lenzoloto made a loss on the deposits in foreign currency.
The largest gold mining company in Russia, Polyus, has signed an agreement to sell its 82.34% stake in the South Verkhoyansk Mining Company (SVMC), which holds a license for exploration and product
As the Kommersant has got to know, Ivan Kulakov, Roman Abramovich's ex-partner in Sibneft and Highland Gold, will acquire 82.3% from Said Kerimov’s Polyus in the large Nezhdaninskoye gold
The Federal Agency for Subsoil Use has issued a license to develop the Sukhoi Log gold deposit to the company SL Zolto (established by Polyus and a subsidiary of the state-owned corporation Rostec
The Russian gold mining company Polyus is aiming to increase the production to 2 million ounces in 2017 and to achieve the production of at least 2.7 million ounces per year by 2020, Polyus&rs
The Russian gold mining company Polyus will spend funds from the placement of eurobonds to refinance its debt, it will allow the company not to repay the debt till the beginning of 2019, Polyus&rsq
Polyus plans to hold the additional geological exploration at the Sukhoi Log deposit in the coming 3-4 years, Vice-President for finance and strategy of Polyus, M. Stiskin, said.
In 2016, the net profit of the gold mining company Polyus Gold amounted to 95.26 billion rubles against 62.3 billion rubles a year earlier, it follows from the company’s report under IAS.
Polyus places 6-year euro bonds in dollars. The profitability is about 5.25-5.5%.