- Polymetal International , a senior global gold and silver producer, announced on Monday that in H1 2023, its gold equivalent production was 764 koz, a 3% increase y-o-y.
The company’s all-in sustaining costs remained broadly unchanged at $1,386/GE oz, up 1% y-o-y, and within the full-year guidance range of $1,300-1,400/GE, reflecting the decrease in capitalized stripping on the back of completed stripping campaigns. Importantly, the company’s underlying net earnings increased by 28% to $261 million , while net earnings were $190 million .
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