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Polyus Q1 core earnings up 25% y/y
Olimpiada, Russia. (Image: Polyus)

Russia’s largest gold producer Polyus said on Thursday that its first-quarter core earnings rose by 25% year-on-year to $739 million due to higher gold sales and stronger global prices for the precious metal.

Its revenue rose by 18% to $1.0 billion, the company said in a statement, adding that it was on track to spend $1.0-$1.1 billion on its capital expenditures in 2021.

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Olimpiada, Russia. (Image: Polyus)

Russia’s largest gold producer Polyus said on Thursday that its first-quarter core earnings rose by 25% year-on-year to $739 million due to higher gold sales and stronger global prices for the precious metal.

Its revenue rose by 18% to $1.0 billion, the company said in a statement, adding that it was on track to spend $1.0-$1.1 billion on its capital expenditures in 2021.

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