Brief: Russia's Polyus Q4 gold output up 23 pct y/y
23/01/2017 09:15
Jan 23 (Reuters) - Russian largest gold producer Polyus
PLZL.MM says:
* Its total gold output increased 23 percent year-on-year to
573,400 troy ounces in Q4 of 2016;
* Q4 gold sales estimated at $660 million, up 26 percent
y-o-y, with an average selling price of $1,244 per ounce;
* 2016 gold output totalled 1.97 million ounces, a 12
percent y-o-y increase;
* The development of its Natalka mine remains a strategic
priority for the company, Polyus looks forward to commissioning
Natalka by the end of 2017;
* In 2017, Polyus expects its total gold output to exceed
the previous guidance of 2.0 million ounces, reaching
2.075-2.125 million ounces;
* With the development of Natalka, Polyus is still on track
to achieve its previously announced output target of at least
2.7 million ounces by 2020.
Source text: goo.gl/KOk9Ll
Further company coverage: PLZL.MM
(Reporting by Moscow Newsroom)
((Polina.Devitt@thomsonreuters.com;))