Polymetal Jumps Most in Week as Second-Quarter Revenue Gains
Bloomberg reported that increased year over year revenue helped Polymetal to share gains this week.
Bloomberg reported that increased year over year revenue helped Polymetal to share gains this week.
Bloomberg reported that OAO Polymetal is enjoying gains due to high silver prices.
The recent surge in gold and silver prices posed some positive impact on mining companies. Several of them are now planning to invest more in buying mining firms. Recently, Russian gold and silver miner Polymetal has decided to buy production assets in the former Soviet Union. For full story, click here
Polymetal is also in the closing stage of expanding existing operations at its largest mine, Dukat, to raise ore-processing capacity to 1.5 million tonnes per year from 900,000 tonnes. For fukll story, click here
Russian gold and silver miner Polymetal will use its spare cash to buy production assets in the former Soviet Union, rather than build a large reserve base, the company’s chief executive said on Thursday. For full story, click here
Get our independent commentary on silver trends and companies delivered to your inbox.