By Jaime Llinares Taboada

Polyus PJSC on Thursday reported 2020 gold production in line with expectations and forecast slightly lower output for 2021.

The Russian gold miner produced 2.77 million gold ounces last year, broadly in line with its 2.8 million ounces target but 3% lower than in 2019. Fourth-quarter production fell 8% from the July-September period.

For 2021 the company expects that output will decrease to around 2.7 million ounces.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

January 28, 2021 03:23 ET (08:23 GMT)

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