In 2013, Polyus Gold reduced net profit by ISA by 6.7 times

In 2013, Polyus Gold Int., including Polyus Zoloto JSC reduced net profit by ISA by 6.7 times to $143 million, and corrected profit by 42% to $564 million. The company announces about writings off for $472 million due to the fall in gold price, including $248 million at the Nezhdaninskoye deposit, $138 million at Kuranakh and $48 million at Degdekanskoye. EBITDA reduced by 30% to $910 million, revenue reduced by 14% to $2.3 billion following 17% fall in gold price. Production prime cost increased by 1% to $707 per ounce.

Translated by Nadezhda Poltoratskaya