Polyus Finance Plc
Polyus Finance Plc: Natalka mill operates at above 80% of capacity
DGAP-News: Polyus Finance Plc / Key word(s): Miscellaneous Press Release 21 May 2018
PJSC Polyus Natalka mill operates at above 80% of design processing capacity
PJSC Polyus (LSE, MOEX – PLZL) (“Polyus”, the “Company”) announces that the Natalka Mill has reached the level of above 80% of its design throughput capacity of 10 million tons on an annualized basis. Natalka has produced more than 40 thousand ounces of gold since the beginning of the year. Following the ramp-up, the mill will be producing c. 450 thousand ounces of gold annually. Pavel Grachev, CEO of Polyus, commented: “This is an important milestone in bringing Natalka online. We are very content with the pace of the ramp-up and look forward to the achievement of the full capacity shortly. The Natalka operations will contribute to Polyus’ targeted increase in overall gold production to 2.8 million ounces in 2019.”
Polyus The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Forward-looking statements This announcement may contain “forward-looking statements” concerning Polyus and/or Polyus Group. Generally, the words “will”, “may”, “should”, “could”, “would”, “can”, “continue”, “opportunity”, “believes”, “expects”, “intends”, “anticipates”, “estimates” or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus Group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus Group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
22.05.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Polyus Finance Plc |
16 Berkeley Street | |
W1J 8DZ London | |
United Kingdom | |
Phone: | +44 (0)203 907 4050 |
E-mail: | sergei.nossoff@pgil.co.uk |
Internet: | http://polyus-finance.polyus.com/ |
ISIN: | XS1533922933 |
WKN: | A19CYF |
Listed: | Regulated Unofficial Market in Frankfurt, Stuttgart; London |
End of News | DGAP News Service |