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Polyus sees production slide in March quarter

A drop in ore grades processed at the Olimpiada and Blagodatnoye mines in Russia saw Polyus report lower gold production in the March quarter.

Polyus sees production slide in March quarter Polyus sees production slide in March quarter Polyus sees production slide in March quarter Polyus sees production slide in March quarter Polyus sees production slide in March quarter

Polyus' Olimpiada mine in eastern Siberia

Total gold output for Q1 amounted to 591,700oz, down 17% quarter-on-quarter and down 1% year-on-year.

Gold sales fell 32% qoq to US$1.017 billion, with the average sales price down 4% to US$1,788/oz.