In 2014 Polyus Gold is to reduce the capital costs to $650-750 million.
Edited by Rhod Mackenzie / 2014-01-31 05:16:27
According to the 2013 production report, the gold mining company Polyus Gold expects its 2014 capital expenditures will range from $650 to $750 million. The company notes that in 2013 production maintenance and development costs were amounted to $1.2 billion (only $ 223 million of which Polyus Gold has spent on maintenance).
In 2013 the company spent bulk of these funds on the development of the Natalkin deposit - about $ 1 billion.
