Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines.
GE production increased to 374 000 oz. Gold production was up 41% to 302 000 oz, while silver production decreased by 15%, owing to the planned grade decline at the Dukat underground mine.