Toxic, deadly, cheap: Life for women gold miners in the Philippines
One in three of the illegal mining workforce is female, a report by Thomson Reuters Foundation found.
Russia’s largest gold producer Polyus said on Thursday that its first-quarter core earnings rose by 25% year-on-year to $739 million due to higher gold sales and stronger global prices for the precious metal.
Its revenue rose by 18% to $1.0 billion, the company said in a statement, adding that it was on track to spend $1.0-$1.1 billion on its capital expenditures in 2021.
Polyus announced on Tuesday that it has completed a $60 million expansion of the Verninskoye mill, allowing for an additional 40,000 ounces of incremental gold volumes at the mine.
The mill in the Irkutsk region of Eastern Siberia has now achieved its target hourly throughput rate of 450 t/h and is currently running at an annualized capacity of 3.5 million tonnes.
(By Polina Devitt and Anastasia Lyrchikova; Editing by Jan Harvey)
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