PJSC Polyus (Polyus or the Company) today releases its operating results for the three months ending 30th September 2018.
Polyus delivered another robust operational performance in the third quarter. Our debottlenecking initiatives at Olimpiada, Blagodatnoye and Kuranakh are progressing well, each posting a gradual increase in throughput. We remain focused on addition of profitable ounces within the perimeter of existing operations as this is where we see the greatest opportunity for ongoing value-creation.
With 1.8 million ounces of gold produced during the nine months of 2018, the Company remains confident of delivering on its production guidance of 2.375-2.425 million ounces for the full year.
The ramp-up of production at Natalka, our key development project, is approaching completion. Being among the top largest deposits globally, Natalka is not only a cornerstone of our production growth, but also an affirmation of Polyus’ team ability to bring operations on line in an efficient manner.
Polyus will host an analyst conference call on 16 October 2018 at 3 pm London time (5 pm Moscow time) to present and discuss the third quarter operating results.
Conference ID: 6018397
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Victor Drozdov, Director Investor Relations
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Victoria Vasilyeva, Director Public Relations
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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 at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.