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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.

Profit down in Polymetal growth year Profit down in Polymetal growth year Profit down in Polymetal growth year Profit down in Polymetal growth year Profit down in Polymetal growth year

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).