Polymetal :Half-yearly report for the six months ended 30 June 2015
Edited by Rhod Mackenzie / 2015-08-25 06:55:13
Kazakhstan mineral extraction Metals and mining Russia mineral extraction Mineral Extraction Kazakhstan Metals and Mining Russia Metals and Mining Polymetal Gold
Polymetal International plc (LSE, MICEX: POLY; ADR: AUCOY) (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”) is pleased to announce the Group’s financial results for the six months ended 30 June 2015.
FINANCIAL HIGHLIGHTS
Revenue in 1H 2015 decreased by 11% to US$ 648 million compared to 1H 2014 (“year-on-year”) driven by gold and silver prices decreasing 7% and 18% respectively year-on-year. The volume of both gold and silver sold was largely unchanged from 1H 2014, with gold equivalent sold lower by 4% to 537 Koz year-on-year driven by an adverse movement in the gold/silver price ratio.
