Polyus realises lower total cash cost, higher second-quarter earnings

London-listed Polyus has reported a record adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the second quarter of $604-million. The company said on Tuesday that its Ebitda was 24% up on the prior quarter’s $488-million, owing to higher gold sales volumes and lower total cash cost (TCC) an ounce during the reporting quarter.