Russia’s largest gold mining company to boost output amid global production drop ...News

Russian gold mining company Polyus is planning to ramp up production over the next two years, as the overall global output of the precious metal has fallen during the Covid-19 pandemic. The company expects a small drop this year, partly due to an ore-grade decline at some of its Siberian mines, with output recovery in 2022 and 2023. “The essence of our short-term strategy is providing an increase in production while maintaining costs, paying stable dividends amid just slight capex growth,” Polyus CEO Pavel Grachev said in an interview with Bloomberg. The company is also planning to open a mine at Sukhoi Log, one of the world’s biggest

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