Russia’s largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal. Adjusted net profit for the full year rose to $1.33 billion, Polyus said, up from $1.02 billion in 2017. Shares in ... Russia’s Polyus reports jump in profit on rising gold sales
MINEX Forum | February 14, 2019 Russia’s largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal. Adjusted net profit for the full year rose to $1.33 billion, Polyus said, up from $1.02 billion in 2017. Shares in ... 
Russian miner Nordgold (LON:NORD) has received a fresh 15-year mining permit for its Lefa mine in Guinea, where it plans to invest more than $360 million to continue developing the asset, one of the country’s largest gold producing mines. The new licence, effective from March 21, is valid until 2034, in line with Lefa’s current ... 
Eurasia Mining beginning to build scale in platinum group metals portfolio, helped by track record of competence in Russia. Eurasia has huge upside at the US$2bn Monchetundra project and is supported by cash flow from West Kytlim. Around 165kg of platinum was produced from West Kytlim in 2018 Long track record in the mining and ... 
Polymetal’s FTSE4Good ESG rating has improved and the company is now among the 7% of the most highly ranked listed companies in the sector. Polymetal has also become a top responder to the Carbon Disclosure Project among Russian companies. “We are proud to have our approach to transparency highlighted as best practice by leading ranking ... 
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q4 & FY2018 financial results for the period ended 31 December 2018. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2018 $ million, unless otherwise stated Q4 2018 Q3 2018 Change, % FY2018 FY2017 Change, ... 
Polymetal to shun M&A in 2019, focus on asset sales Russian gold and silver producer Polymetal said on Thursday it will focus on asset sales in 2019 rather than getting involved in industry consolidation. “The pressure from at least some of our shareholders has been to grow smaller or to grow more focused to reduce ... 
Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan. The London-listed firm, part-owned by businessman Alexander Nesis, launched the Kyzyl mine in Kazakhstanin 2018 and shortly after began construction at its new Nezhda gold mine in Siberia, which will contribute to its dividends in 2022. ... 
The world’s top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than two years. The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing ... 
The British company Mineco Limited, one of the largest mining investors in Serbia and the Western Balkans, is pleased with its results in 2018, although in the second half of the year prices on the international market of non-ferrous metals decreased, which directly affects the mines in the group, resulting in lower revenues. “After we ... 
Russia’s GV Gold is a step closer to becoming one of the country’s top five producers after posting Monday an increase in output of more than a third helped by two newly launched mines in East Siberia. The miner churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping ... 
U.S. President Donald Trump’s administration lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminium giant Rusal and its parent En+ . * U.S. lifted sanctions on Rusal, En+ on Sunday * Rusal shares up 9 percent in Hong Kong * London aluminium prices down as much as 1.4 percent * Russian ... 
Western Australia-based European Metals received an offer from Krupa Global Investments to purchase the Cinovec lithium deposit, which is located northwest of Prague. Cinovec is the largest lithium deposit in Europe. According to the firm, it did not give consideration to this indicative offer because the letter from Krupa Global Investments did not detail price, ...