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Polyus ups cost and capex guidance for 2020

Polyus said Tuesday it expects capex and total cash costs (TCC) to rise in 2020, while the Russia-based gold major remains tight-lipped on what to expect from its maiden reserves estimate for the giant Sukhoi Log project.

Polyus ups cost and capex guidance for 2020 Polyus ups cost and capex guidance for 2020 Polyus ups cost and capex guidance for 2020 Polyus ups cost and capex guidance for 2020 Polyus ups cost and capex guidance for 2020

Sukhoi Log, located in the Bodaybo district of the Irkutsk region, is one of the world's largest greenfield gold projects

The company forecasts a rise in total cash costs of between 10-23% year on year in 2020 to between US$400-450/oz, an increase Polyus CEO Pavel Grachev put down to lower head grade at the company's