"Polyus Gold" increases its production and sales.

In the first half of 2014 Polyus Gold Int (operated by OJSC "Polyus Gold") increased its gold production by 4% to 745.2 thousand ounces (23.2 metric tons) compared to the same period in 2013, the company states. In the Q2 Polyus produced 414.8 thousand ounces (12.9 metric tons) of the precious metal, which is also 4% more than the result for the same period a year earlier. In the H1 2013 the company sold 751 thousand ounces of gold against 654 thousand ounces in the same period of the previous year (a 15% growth). The gold sales revenue for the half year is expected to be below 2% - $974 million , with an average gold price of $1296/ounce (a 14% decrease).