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Russia's Polyus sees 2020 gold output at 4.4mn oz

MOSCOW : The board of Polyus Gold , Russia 's biggest gold producer, approved on Tuesday its development strategy, w
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gold_RussiaMOSCOW: The board of Polyus Gold, Russia's biggest gold producer, approved on Tuesday its development strategy, which, once implemented, will see it become one of the world's top five gold miners in 2020.

"The successful execution of the strategy will raise the company's gold production to 115 tonnes per year in 2016 and to over 137 tonnes (4.4 million ounces) in 2020," Polyus Gold said in a statement.

Polyus Gold produced 1.4 million ounces (43 tonnes) of gold in 2010.

 

Copyright Reuters, 2011

 

Gold

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