Polyus' profit under IFRS for the first half of the year increased by 27%

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AK&M 21 September 2022 11:29

Polyus' profit under IFRS for the first half of 2022 increased by 27% to $1.39 billion from $1.09 billion a year earlier. Revenue decreased by 19% to $1.8 billion from $2.27 billion, adjusted EBITDA – by 26% to $1.2 billion from $1.64 billion. This was announced by the company.

Polyus ranks first among the world's largest gold mining companies in terms of gold reserves and fourth in terms of production, demonstrating the lowest costs among leading global producers. The company's main production facilities are located in Siberia and the Far East: on the territory of the Krasnoyarsk Territory, Irkutsk and Magadan regions, as well as the Republic of Sakha (Yakutia).

Polyus' profit for 2021 increased by 38% to $2.28 billion from $1.6 billion a year earlier. Revenue decreased by 1% to $4.9 billion. Adjusted EBITDA for 2021 amounted to $3.52 billion, which is 5% lower than in 2020.