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OPYGY PJCS Polyus (CE)

21.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
PJCS Polyus (CE) USOTC:OPYGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 21.00 0.00 01:00:00

Polyus 1Q Gold Sales Fell 32% on Quarter, Dragged by Weaker Production

26/04/2021 7:59am

Dow Jones News


PJCS Polyus (CE) (USOTC:OPYGY)
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By Jaime Llinares Taboada

 

Polyus PJSC said Monday that first-quarter gold sales fell 32% from the previous quarter as production declined.

The Russian gold miner said estimated gold sales amounted to $1.02 billion, with an average selling price per ounce around 4% lower than in the fourth quarter of 2020.

In addition, production fell 17% on quarter to 591,700 ounces--although it was just 1% below that reported in the first quarter of 2020.

The quarterly decline "was driven by a seasonal slowdown in production at Alluvials and lower refined gold volumes at Olimpiada, Blagodatnoye and Natalka," Polyus said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

April 26, 2021 02:44 ET (06:44 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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