PJSC Polyus (Polyus or the Company) today releases its 3Q 2019 operating results for the period ending 30 September 2019.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
Polyus has had a strong third quarter, setting a new historical high in quarterly total gold output, with 753 thousand ounces produced in the reporting period. We remain well on track proceeding with the company-wide debottlenecking initiatives. Taking those factors into account, as well as Natalka operating at full capacity, we are confirming our production guidance of approximately 2.8 million ounces of gold for the full year.
Our focus remains on further improvement of safety standards within the Company, with LTIFR for the first nine months of 2019 residing at 0.06, one of the lowest levels in industry. On top of that the Company continues to further enhance its disclosure of ESG related activities and metrics. And I’m proud to mention, that our endeavors have been once again recognized, with Polyus SAM rating score upgraded to 45 from 22 in 2018.
Polyus will host an analyst conference call on 22 October 2019 at 3 pm London time (5 pm Moscow time) to present and discuss the third quarter operating results.
To join the conference call, please dial:
Conference ID: 55297362#
+44 203 009 24 70 (Local access)
0800 2794054 (Toll free)
+1 877 423 08 30 (Local access)
+7 495 646 93 13 (Local access)
8 800 500 98 20 (Toll free)
To access the replay, please dial:
+44 20 3364 5150
+1 (844) 307-9362
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 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.