MINEX-2015 – life goes on

Last week the eleventh forum of MINEX - one of the largest events in the Russian industry, a platform for discussion of technical, legal, political and social aspects of the mining industry – take place in Moscow. The largest Russian gold mining companies mainly talked about the future in the absence of new growth in gold prices.

Polyus Gold felt a change in direction of the industry development and is willing to follow it. The presentation of Director of Investor Relations Sergei Krivohizhin designates new priorities - the focus on the profitability of operations instead of the production growth. And also – the reduction of capital costs, operating and administrative costs.

The company announced the preparation of a new strategic development program, which it plan to publish before the end of 2015.