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Polyus' earnings rise despite higher costs

Russia-focused gold miner Polyus reported higher earnings in the September quarter compared with Q2, as rising sales outweighed the effects of inflation.

Polyus' earnings rise despite higher costs Polyus' earnings rise despite higher costs Polyus' earnings rise despite higher costs Polyus' earnings rise despite higher costs Polyus' earnings rise despite higher costs

Polyus' Natalka mine in Russia

Adjusted net profit was up by 14% quarter-on-quarter, at US$663 million, with revenue up 12% qoq at US$1.4 billion.

Polyus reported total gold sales of 776,000oz, up by 14% qoq.

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