PROFIT & LOSS

Profit down in Polymetal growth year

Polymetal (LN:POLY) produced a record amount of gold in 2017 but higher costs limited the benefits to its bottom line.

Staff reporter
Golden POX: Polymetal spent $40 million on debottlenecking at the POX plant in 2017

Golden POX: Polymetal spent $40 million on debottlenecking at the POX plant in 2017

Russian gold miner Polymetal produced 1.07 million ounces of gold in 2017 (21% up on 2016) at a cash cost of US$658 per ounce gold equivalent, and brought in revenue of $1.8 billion (15% up on 2016). ...

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