PJSC Polyus (Polyus or the Company) today releases 1Q 2018 operating results for the period ending 31st March 2018.
1Q 2018 Highlights
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
Over the course of the first quarter, Polyus remained focused on operational excellence, whilst making progress on its development projects. At Olimpiada, Polyus launched the antimony project and now processes high-grade antimony containing ore at Mill-1. At Natalka, we remain on track to complete the ramp-up in the second half of the year.
At Sukhoi Log, we have completed 30 thousand meters of the 180,000-meter drilling campaign launched in November. The Scoping Study is also nearing completion.
Based on the results of the first quarter, we confirm our 2018 full-year production guidance of 2.3752.425 million ounces.
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77
Forward looking statements
This announcement may contain forward-looking statements concerning Polyus and/or Polyus Group. Generally, the words will, may, should, could, would, can, continue, opportunity, believes, expects, intends, anticipates, estimates or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus Group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus Group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.