Russian gold miner Polymetal's second-quarter revenue down 36%

Polymetal International PK

21/07/2022 07:00

MOSCOW, July 21 (Reuters) - Russian gold and silver producer
Polymetal's  POLYP.L  second-quarter revenue fell by 36% year on
year to $433 million after Western sanctions against Russia had
a material impact on sales and logistics, the miner said on
Thursday.
    The company's Russian mines accumulated 130,000 troy ounces
of gold equivalent in gold and silver bullion inventory in the
quarter, Polymetal said, adding that the gap between sales and
production is likely to be closed in the third quarter as it
ramps up sales to Asia.

 (Reporting by Reuters
Editing by David Goodman
)