Norilsk Nickel?s gold procution unit, Polymetal company, announced the financial results of its activities for 2004.
Thus, gold production of the company grew up by 55% in comparison to the previous year results and amounted to 212 thou oz. Silver production increased by 47% up to 17.3 mln oz.
As the consolidated statements prepared in accordance with the US GAAP report, in the course of 2004, precious metal sales revenue amounted to $204.487 mln ? 114% increase as compared to 2003 figures.
The net profit of Polymetal UK increased by 520% up to $83.583 mln in 2004.
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Russian Gold Producing Leader's Output Rose 55%
Polymetal company announced the financial results of its activities for 2004
