Currently viewing Global edition

Record production at Varvara lifts Polymetal

Record output at Polymetal’s Varvara hub in Kazakhstan laid the foundations for a strong operational performance by the FTSE 100-listed miner in the March quarter, with high gold prices lifting revenues 20% year-on-year.

Record production at Varvara lifts Polymetal Record production at Varvara lifts Polymetal Record production at Varvara lifts Polymetal Record production at Varvara lifts Polymetal Record production at Varvara lifts Polymetal

High gold prices lifted Polymetal's revenues 20% year-on-year

First-quarter gold equivalent production rose 3% yoy to 375,000oz, while gold revenue amounted to US$593 million.