Greenfield mine underpins rise in gold reserves at Polymetal

FTSE 100-listed Russian gold and silver producer Polymetal has unveiled an operational update on its ore reserves and mineral resources, revealing increases in gold equivalent reserves as of January 1st.

FTSE 100-listed Russian gold and silver producer Polymetal has unveiled an operational update on its ore reserves and mineral resources, revealing increases in gold equivalent reserves as of January 1st.

In 2012, the group reported that it increased ore reserves by 6.0% to 15.1m ounces (Moz) of gold equivalent, while mineral resources - additional to ore reserves - grew by 35% to 18.7 Moz of gold equivalent.

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