Friday, 22nd April 2005 (3233 views)

Polymetal has announced its first quarter results today, with gold output up by 60 per cent compared to last year.

According to the Russian miner, the volume of precious metals produced have put the company as one of the leading producers in Russia.

Gold output in the first quarter 2005 reached 1,601 kg, with an increase in production capacity thought to have boosted output.

Production capacity increased at the Khakanjinskoye deposit in the Khabarovsk territory and stage two production began at the Vorontsovskoye deposit in the Sverdlovsk region.

Polymetal was set up in 1998 and it aims to create a long-term and economically effective system of precious metal production.

 

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