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

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.