Polymetal International plc (POLY.L) announced that the flotation concentrator at the Mayskoye mine was successfully started up, producing its first dry gold concentrate. The Mayskoye concentrator has a nameplate capacity of 850 Kt of ore per annum. The full ramp-up is expected to take six months, with design throughput and recoveries scheduled to be achieved in October 2013. Mayskoye, a high-grade refractory gold deposit, is one of the top five deposits in Russia in terms of gold resources. The Mayskoye project consists of an underground mine and a 850 Ktpa on-site flotation concentrator. Mayskoye ore reserves are estimated in accordance with the JORC code to contain 2.4 Moz of gold at 9.6 g/t, with additional mineral resources amounting to 4.8 Moz of gold at 8.3 g/t, the company said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.