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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.

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

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.   The FSU-focused miner reported its highest ever quarterly production from Varvara...

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