Polymetal International will get the initial production at the Nezhda gold-silver mine

By Jaime Llinares Taboada

Polymetal Worldwide PLC claimed on Monday that it experienced accomplished first creation at its Nezhda gold-silver mine in Russia.

The London-detailed cherished metal miner explained the first focus output was arrived at two months before the focus on and expects the concentrator to achieve plate ability and full design restoration by April 2022.

"The mine is predicted to achieve whole capability and commence producing totally free income flows by the next quarter of 2022," claimed Chief Government Officer Vitaly Nesis.

Polymetal predicts that Nezhda will develop up to 30,000 ounces of gold equivalent in 2021 and 180,000 ounces for each year in 2022-2024, at a full upkeep price of $ 850- $ 900 an ounce. The money expenditure of the project was approximately $ 370 million.

Write to Jaime Llinares Taboada at [email protected] @JaimeLlinaresT

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