Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
MOSCOW, Nov 9 (Reuters) – Russia’s largest gold producer Polyus said on Thursday its third-quarter net profit decreased 5 percent year-on-year to $371 million due to a gain on derivatives and investments in the prior period, as well as finance costs.
Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 7 percent to $475 million while total revenue grew 5 percent to $744 million.
Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, reiterated its production guidance for 2017 of 2.075–2.125 million ounces.
The company’s net debt increased to $3.15 billion as of the end of the third quarter compared to $3.08 billion three months earlier.
Polyus shares were up 1.5 percent in early trade in Moscow.
(Reporting by Polina Devitt and Polina Nikolskaya Editing by Maria Kiselyova).
