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Russian gold miner Polymetal International has doubled its interim dividend on net earnings of US$381 million for the first half of 2020, up 149% year-on-year, and reiterated full-year production guidance for 1.5 million ounces gold-equivalent at US$850-900/oz GE AISC.
POX-2 autoclave installation at Amursk in Russia’s Khabarovsk Region
Polymetal said the US40c/share half-year dividend represented 50% of its underlying net earnings for the period of US$373 million, up 98% on the 2019 H1 number.
Underlying net earnings fell by 52% year on year to US$203 million for the first half of 2022
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