Finance > Profit-loss

Polymetal joins LSE's 1Moz gold club

Gold and silver producer Polymetal (LN:POLY) has put in a solid production shift in the December quarter, building on record output from the previous three-month period, to surpass its 2017 guidance.

Staff reporter

Finance > Profit-loss

Polymetal joins LSE's 1Moz gold club

Gold and silver producer Polymetal (LN:POLY) has put in a solid production shift in the December quarter, building on record output from the previous three-month period, to surpass its 2017 guidance.

Staff reporter

Polymetal joins LSE's 1Moz gold club

Shareholders are eagerly watching the Kyzyl build in Kazakhstan

While output for the year came in at 1.43 million ounces of gold equivalent, 2% higher than its 1.4Moz guidance, its all-in sustaining costs are likely to overshoot the mark, with the company revising these to US$850-900 per ounce, compared with initial guidance of $775-825/oz.