Gold, Metals and mining
The prospectors' team Kamchatka expects to produce at least 10 kg of gold this season.
This is the amount of re-evaluation of gold reserves of the Talikitsky site, the license for which is held by the controlled by the group enterprise.
In Q1 2017 Polyus increased the total volume of gold production by 17% to 450 thousand ounces against Q1 2016.
As a result of the collapse at the mine "Tsentralnaya" in the Chelyabinsk Region two people died.
Subsoil Use Department in the Republic of Sakha (Yakutia) has announced the holding of five auctions for placer gold sites on June 15, 2017.
In 2017 the plant realizes a project of production modernization aiming for the increase of production up to 200 thousand tons of concentrate.
The production volume fell by 51% compared with Q1 2016.
On June 22, there will be three auctions for subsoil sites with placer gold reserves in Yakutsk.
Within the reporting period the bulk of production fell on the Omolon hub.
In the first quarter of 2017, Polymetal International increased the production of precious metals by 8% compared to the same period last year to 280 thousand troy ounces of gold equivalent.