Polyus 1Q Earnings Fell on Lower Production, Sales
May 27 2021 - 2:43AM
Dow Jones News
By Jaime Llinares Taboada
Polyus PJSC on Thursday reported lower revenue and earnings for
the first quarter of the year, reflecting weaker production and
sales.
The Russian gold miner said adjusted earnings before interest,
taxes, depreciation and amortization fell 35% to $739 million in
the first quarter of 2021, compared with $1.14 billion in the
fourth quarter of 2020.
Revenue decreased 32% to $1.02 billion, due to a decline in
refined gold volumes and the absence of sales of flotation
concentrate during the quarter. Gold prices slipped 4% to $1,788
per ounce.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 27, 2021 02:35 ET (06:35 GMT)
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