In III quarter 2016, Polymetal International reduced production of precious metals by 5% versus the same period of the previous year – up to 372 ths troy ounces of the gold equivalent (troy ounce – 31.1 g), RNS reports quoting the data of the gold mining company.
For nine months, the production reduced by 7% versus the same period of 2015 – up to 894 ths ounces of the gold equivalent.
In III quarter, the gold production reduced by 1% - up to 268 ths ounces. In III quarter, the silver production reduced by 14% - up to 8 mln ounces.
The gold sales reduced by 7% versus III quarter of 2015 – up to 242 ths ounces. The silver production reduced by 2% - up to 8.3 mln ounces.
The proceeds from sales of precious metals increased by 16% in III quarter versus the same period of the last year – up to $466.
By the end of III quarter, the company’s net debt increased by 2% versus the last year’s indicator – up to USD 1.469 bln.
Polymetal International is the mining company, the asset portfolio of which includes the operating gold, silver and copper mining enterprises as well as projects of geological exploration and development of deposits in Russia, Kazakhstan and Armenia. In 2015, the company produced 861 ths ounces of gold and 32.1 mln ounces of silver. In 2015, the net profit of Polymetal International made up USD 221 mln, the proceeds – USD 1.44 bln.
