Polymetal Q3 revenues drop despite higher gold production

03.11.2022

Miner Polymetal, operations of which are concentrated in Russia and Kazakhstan, reported a drop in third-quarter revenues on Wednesday amid weaker metal prices and increased inventories as a result of supply chain woes.

Polymetal said revenues fell 13% year-on-year to $714.0m despite seeing gold production rise 7% to 490,000 ounces as...