Polyus 2009 AR2
The report highlights Polyus Gold's operational and financial performance for 2009, during which the company expanded internationally by acquiring a 50.1% stake in KazakhGold Group. Gold production reached 1.3 million ounces, representing a 3% year-on-year growth, driven by the launch of the Titimukhta project and the new Kazakhstan assets. Financially, the company achieved record gross profit and EBITDA margins of 51% and 45%, respectively, while maintaining a low total cash cost of USD 391 per ounce. Additionally, the company advanced its key development projects, including the construction of the Blagodatnoye and Verninskoye mines, and continued its commitment to sustainable development and safety.
Company: Polyus
Sector: Mining & quarrying
Country: Russia
Year: 2009
Type: AR2
Pages: 194
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Polyus
Annual Report
The report highlights Polyus Gold's operational and financial performance for 2009, during which the company expanded internationally by acquiring a 50.1% stake in KazakhGold Group. Gold production reached 1.3 million ounces, representing a 3% year-on-year growth, driven by the launch of the Titimukhta project and the new Kazakhstan assets. Financially, the company achieved record gross profit and EBITDA margins of 51% and 45%, respectively, while maintaining a low total cash cost of USD 391 per ounce. Additionally, the company advanced its key development projects, including the construction of the Blagodatnoye and Verninskoye mines, and continued its commitment to sustainable development and safety.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees