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Polymetal Q3 Gold Equivalent Production Down 8%

Polymetal International plc (POLY.L) reported Tuesday that its third-quarter gold equivalent production decreased by 8% year-over-year to 437 thousand ounce as results reverted to the mean from the all-time quarterly production record set in third-quarter of 2020.

Revenue for the quarter declined by 7% year-over-year to US$819 million driven by lower gold and silver prices.

The company said that it is on track to meet its full-year 2021 gold equivalent production guidance of 1,500 thousand ounce.

There have been no fatal accidents during the first nine months of 2021 among Polymetal's workforce.

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