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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 |
From May 2021 to May 2024
By Jaime Llinares Taboada
Polyus PJSC on Tuesday reported an improved profit for the third quarter, as production rose well above the immediately prior period.
The Russian gold miner achieved a profit of $664 million in the three months ended Sept. 30, up 3% from $643 million in the second quarter.
Production grew 15% on quarter to 770,000 ounces. This more-than offset a 2% drop in the average selling price, to $1,787 an ounce, and a 9% increase in total cash costs, to $427 an ounce.
Polyus said higher costs were driven by structurally higher-cost alluvial operations and inflation in consumables and diesel prices. The company reiterated full-year total cash cost guidance of $425-$450 an ounce.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
November 23, 2021 03:04 ET (08:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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