Polyus received the first gold from Sukhoi Log ore at the nearby Verninskaya Mill. At Sukhoi Log, the company is building infrastructure and wants to start construction of the mill in 2025. Project is currently at the re-engineering stage and the company plans to provide an update in Q4 2024.

Gold production by Polyus for 6 months of 2024 amounted to 1.473 million ounces, up 3% year-on-year. Gold sales increased by 1% to 1.263 million ounces. Gold miner lowered its total cash cost guidance for the current year. Company now estimates TCC in the range of $425-$475 per ounce versus the previous $450-$500 per ounce. Capex forecast of $1,550-$1,700 ml...

Polyus' IFRS net profit for 6 months of 2024 amounted to ₽143.15 billion, up 3.4 times from ₽42.38 billion in the previous year. Revenue rose 34.8% to ₽248.16 billion against ₽184.13 billion a year earlier.

Gold miner Polyus passed the verification of the results of the first stage of the climate project at the Olympiada and Blagodatnoye deposits. Company partially replaced coal- and oil-fueled generation with less carbon-intensive grid power supply and registered 2.16 million carbon units in the Russian Contour registry. In 2028, the second phase will result i...