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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 2019 to May 2024
By Jaime Llinares Taboada
Polyus PJSC said Wednesday that it has made a final investment decision on the construction of a new mill at its Blagodatnoye gold mine in Russia.
The company said the Mill-5 project will involve capital expenditure of around $600 million, including the construction of the mill, the introduction of an in-pit crushing and conveying system, as well as mining fleet upgrades.
Mill-5 is expected to be launched in 2025 and could provide 390,000 ounces of incremental gold volumes post ramp-up, Polyus said.
Shares in Moscow at 0800 GMT were up 0.6%.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
December 23, 2020 03:33 ET (08:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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