OPYGY - Polyus Q4 2019 And Full-Year Financial Results: Solid As Ever
Polyus (OTCPK:OPYGY) continues to deliver magnificent results with simple but effective combo of high gold prices and increased gold production. A quarter ago I didn't anticipate anything particularly interesting for the stock, but the recent coronavirus outbreak may start a new round of gold rally once liquidity-fueled stock markets become disillusioned about fundamentals. With that in mind, my rating on the stock stays unchanged.
Q4 And Full-Year Financial Results Highlights
Gold production in Q4 grew by 7% QoQ to 804 koz (+26 YoY). Overall production in 2019 increased by 16% to 2.84 million