Polyus reports strong first quarter

Russian gold miner Polyus produced 600 700 oz of gold in the first quarter of 2019, which is 19% more than what the company produced in the same period a year earlier.

Compared with the fourth quarter of 2018, total output was down 6%, and the London-listed gold miner explained on Tuesday that the decrease reflected a seasonal slowdown in production at its alluvial division, as well as lower refined volumes at Olimpiada, Blagdatnoye and Kuranakh.