Financial results

In Q1, revenue of Severstal group declined by 12.5%

In the first quarter of 2020, the Severstal group's revenue under IFRS decreased by 12.5% compared to the previous year to $1.777 million (firs

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In Q1, Polyus reduced gold production by 1%

In January-March 2020, Polyus reduced gold production by 1% to 595 thousand ounces (18.5 tons) compared to the same period in 2019, the company rep

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Net profit of Russneft under RAS decreased by 46.5% in the first quarter

In the first quarter of 2020, the net profit of Russneft under RAS decreased by 46.5% year-on-year to 2.36 billion rubles, it follows from the comp

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Priisk Ust-Kara made the net profit of 554 million rubles in 2019

Gold mining company Priisk Ust-Kara, developing gold placer deposits in the Trans-Baikal territory, has published an annual financial report under

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Alrosa made the loss of 7.5 billion rubles in the first quarter

In the first quarter of this year, the net loss of Alrosa made up 7.5 billion rubles.

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Polymetal increased gold production by 8% in January-March

In January-March 2020, Polymetal Int (combines assets of Polymetal) increased gold production by 8% to 324 thousand ounces (10.1 tons), silver - de

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Korshunovsky GOK made net profit of 179.3 million rubles in the first three months

In the first three months of this year, the net profit of Korshunovsky GOK (part of Mechel) decreased by 85.4% and amounted to 179.3 million rubles

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Inter RAO UES expects reduction in exports by half due to coronavirus

Inter RAO UES expects electricity exports to fall by 50% by the end of the year due to abnormally warm weather and the coronavirus pandemic.

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HGM's profit reached $178 million in 2019

In 2019, the UK listed gold mining company Highland Gold Mining Limited (HGM, assets in Russia are managed by Russdragmet) increased its net profit

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Alrosa increased diamond production by 2% in Q1

In the first quarter, Alrosa seasonally reduced diamond production by 9% quarter-on-quarter to 8 million carats, the company reported.

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