MOSCOW Oct 17 Russian precious metals miner
Polymetal slightly raised its 2012 output guidance to
1.1 million troy ounces from an earlier estimate of 1 million
troy ounces, on the back of strong performance, the company said
Polymetal, which joined London's FTSE 100 index last
year, said it expected to produce 1.2 million troy ounces of
gold equivalent in 2013, including 760,000-800,000 troy ounces
of gold and 23-24 million ounces of silver and 5,000-6,000
tonnes of copper.
It said its 2012 - 2013 production guidance was revised down
by 50,000 troy ounces, or down roughly 2 percent, mostly due to
a delay in the expected commissioning of its Mayskoye
Gold equivalent is a measure of gold and other metals
expressed in units of gold.
The mining major kept its 2014 production guidance unchanged
at 1.4 million troy ounces of gold equivalent. Its third quarter
gold equivalent production surged 48 percent to 818,000 troy
ounces compared to the same period last year.