Russia's Polyus Gold says Q3 gold sales down 2 pct yr/yr
MOSCOW, Oct (HKSE: 3366-OL.HK - news) 22 (Reuters) - Russia's largest gold producer Polyus Gold said on Thursday its estimated third-quarter gold sales from continuing operations fell 2 percent year-on-year to $593 million as lower prices offset a production increase.
The company produced 507,000 troy ounces of gold in the third quarter, up 3 percent year-on-year, while its average selling price fell 7 percent and reached $1,203 per ounce.
Gold (Other OTC: GDCWF - news) output in January-September reached 1,291,000 ounces. Output for 2015 as a whole was seen closer to the upper end of its 1.63 million to 1.71 million estimate, Polyus said in a statement. (Reporting by Diana Asonova and Jack Stubbs; Editing by Maria Kiselyova)