The weakening of the rouble does not affect the capital expenditure of Polymetal – Nesis.
Edited by Rhod Mackenzie / 2015-08-26 06:47:44
Finance Metals and mining Russia Russia mineral extraction Financial results Russia Metals and Mining Polymetal Gold Silver
The weakening of the rouble did not affect the rouble component of capital expenditures of Polymetal, CEO Vitaly Nesis stated during a conference call.
"The rouble portion of the total capital expenditure is less than 20%, and even close to 10%. This year the main objective of the costs is updated fleet and exploration", - Nesis stated, adding that the company increases volume of drilling, but spends the same money on that due to the weakening of the rouble.
