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OPYGY - Polyus: Excellent Operational Performance Stable Outlook
PJSC Polyus ADR
Polyus (OTCPK:OPYGY) delivered strong operating results for Q3 2019, boosting production to new all-time highs amid high gold prices. Gold prices seem stable at ~$1500 per ounce price mark which is more than enough for the company to show outstanding profits. Based on the foregoing, I expect meaningful Q3 financial results under IFRS for the company, which will provide some juice for the stock price growth in the near term.
Q3 Operating Results
The total volume of gold production increased by 10% compared with the previous quarter to 753 thousand ounces. On an