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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 |
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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