Polyus capex to accelerate in second and third quarters

Russia’s largest gold producer Polyus said on Tuesday it plans to materially accelerate capital expenditure in the second and third quarters of the year, without exceeding the $725-million it expects to spend in the year as a whole.

"We still expect to spend $725-million across all or business units in 2019," chief executive Pavel Grachev said on a call with investors on Tuesday.