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.

(Reuters)

Related articles:

Read more

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

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.