Polyus beats guidance for sixth year in a row

Russian gold miner Polyus has surpassed its production guidance for the sixth consecutive year, boosting production to 2.84-million ounces in 2019.

The production figure compares with output of 2.44-million ounces in 2018 and was 1.5% higher than the official guidance for the year of 2.8-million ounces.

The strong year-on-year growth was helped by the new Natalka mine, which contributed 405 000 ounces in its first year of operations, following the ramp-up completion.