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Polymetal production tails off in Q4

Russia’s Polymetal decreased its production in the fourth quarter, while analysts picked up on increased capex and year on year increases in cash costs.

Polymetal production tails off in Q4 Polymetal production tails off in Q4 Polymetal production tails off in Q4 Polymetal production tails off in Q4 Polymetal production tails off in Q4

Polymetal's production is down in Q4 and its costs have slipped upwards by $50 million.

Gold output was a little disappointing, with a fall in gold equivalent production to 383,000oz, down from 476,000oz the previous quarter.

Polymetal CEO Vitaly Nesis