Currently viewing Global edition

Polyus keeps cash flowing

PJSC Polyus (LSE:PLZL) upped its profit in the September quarter on the back of higher gold sales and lower all-in sustaining costs.

Polyus keeps cash flowing Polyus keeps cash flowing Polyus keeps cash flowing Polyus keeps cash flowing Polyus keeps cash flowing

Polyus said Natalka's mill was out of action because of a "deformation of the mounting face for the bearing on the rotor shaft"

The Russian miner made a profit of US$144 million in the quarter, a 26% increase on the June quarter, but way down on last year's unadjusted figure of $371 million.

On an adjusted basis, which takes out financial instrument and foreign exchange losses, the miner made a profit of $355 million, 22% lower than the June quarter.

The three-month period to September 30 saw the new Natalka mine reach its designed throughput, but a ...