Polymetal pays off debts

Finally, the company PolyMetal International PLC published reports on the results of its work for the fourth quarter and 12 months of last year. Note that, judging by the published information, the management of this company has achieved considerable success, but about everything in order.

So, over the past 2013, Polymetal exceeded the annual plan and put 1 million and 280 thousand ounces of gold on the Russian and world markets, which is 21 percent more than a year earlier.

At the same time, the last quarter of 2013 was especially successful. And all because compared with the same period in 2012, in the last quarter of last year, the volume of gold smelting increased by 27 percent, which is significantly higher than the average annual growth indicators.



From this it follows that over the fourth quarter of 2013, the volume of gold smelting at Polymetal enterprises increased by 310 thousand ounces. The leadership of the PolyMetal International PLC reached such a result mainly due to the opening of the May and Amur GMC, as well as the improvement of the work of the Dukat hub.

In addition, the leadership of Polymetal achieved a significant increase in gold production. So, compared with 2012, in 2013, the production volumes of this precious metalla increased by 37 percent, thereby reaching 805 thousand ounces. First of all, this happened due to the increase in the volume of gold mining in the deposits of Albazino and Mayskoye.

In addition, on the Polymetal took care of silver extraction. In particular, last year she was able to increase by 3 percent, amounting to 27.2 million ounces. Such indicators were achieved due to the increase in the volume of silver production on the Dukat hub.

In conclusion, it is worth noting that the increase in the volume of mineral production and gold smelting at Polymetal enterprises led to a reduction in the debt of this company to 1.045 million US dollars. Thus, in 2014, this company will finally be able to pay off debts.