By Jaime Llinares Taboada

 

Polyus PJSC said Thursday that its gold revenue increased 21% in the second quarter from the prior period, reflecting stronger production and sales volumes.

The Russian gold miner said estimated sales rose to around $1.23 billion in the three months ended June 30, compared with $1.02 billion in the first quarter.

Sales volumes increased 19% to 679,000 ounces, and realized gold prices strengthened 2% to $1,815 per ounce.

Gold production was up 13% at 671,5000 ounces, reflecting higher refined volumes across all deposits.

The company reaffirmed full-year production guidance at around 2.7 million ounces.

 

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

 

(END) Dow Jones Newswires

August 12, 2021 02:48 ET (06:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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