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En Ru
2,160 koz of gold
produced in 2017 (2016: 1,968 koz)
364 $/oz
Total cash cost per ounce sold
621 $/oz
All-in sustaining cash cost
Ore processed, kt
26,445 2016
28,663 2017
Adj. EBITDA $ mln
1,536 2016
1,702 2017
5 5 operating assets: 4 hard-rock mines and alluvial operations
2,721 $ mln
Total Revenue in 2017
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2017 (2016: 0.13)
Climate change

The Group continues with its practice of annually reporting GHG emissions. To reduce GHG emissions the Group strives to minimise the use of fossil fuels, to improve production efficiency and to enhance ventilation and gas cleaning systems on sites.

The Group has developed internal GHG emissions requirements:

Requirements relating to greenhouse gas emissions

  1. In addition to measures governing the sustainable use of natural resources, the Company considers alternative options aimed at reducing the specific quantity of greenhouse gas emissions into the atmosphere, namely:

    1. Possible use of renewable sources of energy,

    2. Possible use of low-carbon sources of energy.

  2. In compliance with ICMM principles[1] on climate change, the Company defines its strategy of reducing the intensity of greenhouse gas emissions and performs the following economically and technically feasible activities as part of the strategy[2]:

    1. The Company prepares an annual report on greenhouse gas emissions upon request by CDP;

    2. From 2017, the Company will determine targets for greenhouse gas emission intensity as part of its medium-term sustainable development targets.

Requirements for greenhouse gas emissions at the project stage of asset lifecycle

  1. For the purposes of impact assessment, the Company considers the possibility of using technologies aimed at increasing the effectiveness of energy resources and subsequently reducing the specific volume of greenhouse gas emissions.

  2. When studying alternative technical solutions as part of the project lifecycle, in order to make a decision, the Company will consider forecast volume of greenhouse gas emissions released as a result of the project.

On 21 October 2015, Polyus together with other ICMM members endorsed the following statement on climate change:

The Statement on Climate Change

Climate change is an undeniable and critical global challenge, and its causes must be addressed by all parts of society. ICMM member companies are committed to being part of the solution.

We support an effective binding global agreement on climate change.

We support a price on carbon, and other market mechanisms that drive reduction of greenhouse gas emissions and incentivise innovation.

We recognise the need to reduce emissions from the use of coal, and support collaborative approaches to accelerate the use of low-emission coal technologies as part of a measured transition to a lower-emissions energy mix. That transition should recognise the importance of coal in the global economy, and particularly in the developing world.

We support greater use of renewable energy and other cost effective low-emission technologies, and improved energy efficiency, including in our own operations.

We will help our host communities, and equip our operations, to adapt to the physical impact of climate change.

We will continue to ensure that climate change is a part of our planning process.

We will engage with our peers, governments and society to share solutions and develop effective climate change policy.

[1] ICMM. Principles for climate change policy design —

[2] In accordance with the Sustainability Management System standard