Support The Moscow Times!

Polyus Gold Sales Up

Gold miner Polyus Gold said Thursday its sales rose 16 percent, year-on-year, to $2 billion during the first nine months of the year due to increasing gold output.

Polyus, controlled by businessmen Mikhail Prokhorov and Suleiman Kerimov, said its 9-month production rose 9 percent to 1.2 million troy ounces of gold due to rising output at Olimpiada, Blagodatnoye and Kuranakh mines.

It also added that it has been on track to produce 1.6 million ounces of gold in 2012 or 1.5 million ounces excluding Kazakhstan assets.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.