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OPYGY - Polyus: A Solid Hedge Against Challenging Times
PJSC Polyus ADR
Since the production figures of Polyus (OTCPK:OPYGY) are above the forecast for the sixth consecutive year, the strong result of 2019 is not a big surprise. As I have repeatedly noted in my previous articles, Polyus has outstanding growth dynamics, high-quality assets and one of the lowest production costs among global peers, making it one of the top picks in the gold mining sector.
Q4 Operational Results
Total gold production grew by 16% to 2,841 thousand ounces. The increase was due to the launch of the Natalka Mill in December 2018 and