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Polyus (OTCPK:OPYGY) published solid financial results for the first quarter of 2019.
Revenue for the first quarter of 2019 amounted to $751 million, a decrease of 3% (22% Y-o-Y) compared to $774 million in the previous quarter due to a decrease in the volume of flotation concentrate sales from 75 thousand ounces in the fourth quarter of 2018 to 22 thousand ounces during the reporting period.
Source: Company data, author's spreadsheet
The total cash costs ((TCC)) of the company for the first quarter of 2019 increased by 8% to $358 per