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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, said it is launching more options on WhatsApp to control their messages and how long they stick around, with default disappearing messages and multiple durations. The latest features are expected to bring more control and privacy on the popular messaging app. Delivery services company DoorDash has introduced ultra-fast grocery deliveries with DashMart in Chelsea, New York City. The company said it aims to deliver in 10-15 minutes and plans to expand its new service in select DoorDash grocery and convenience partners over the next year. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products. Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection.
Follow RTT