OPYGY - Polyus Q4 And Full Year 2018 Results: Still Strong But Not So Cheap Anymore
Company Overview
The total amount of gold produced by Polyus (OTCPK:OPYGY) decreased by 8% to 637 thousand ounces in Q4 2018, compared to 691 thousand ounces in Q3 2018. On an annualized basis, the total gold production increased by 10%.
Ore production amounted to 12,030 thousand tons, which is 5% lower than the previous quarter and 20% higher than the same period last year. The volume of ore processing amounted to 9,279 thousand tons, which is 11% less than the previous quarter. In annual terms, the volume of ore processing increased by 19%. Compared to