PRECIOUS METALS

New business line to feed POX-3, says Polymetal CFO

FSU-focused gold miner Polymetal is looking to build on its position as one of the world’s leading processors of refactory ore with the creation of a separate downstream business that could feed a third pressure oxidation facility, the company’s CFO Maxim Nazimok said on Tuesday.

Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

"What we are really considering is expanding the downstream processing business as a separate line of business," Nazimok told delegates at the virtual World Gold Forum. Polymetal has already made strides...

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