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Gold and rouble levels balance Polymetal results

Earnings up 30% even as costs overshoot guidance

Alex Hamer
The Varvarinskoye openpit

The Varvarinskoye openpit

The miner produced 890,000 ounces of gold in 2016, up 3% from 2015, but silver production fell 9% year-on-year to 29.2 million ounces as prices went from US$13 per ounce to over $20/oz in the first half...

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