PJSC Polyus has published consolidated financial results for the 2nd half of 2022 and the whole of 2022.
The total volume of gold sales in 2022 amounted to 2,423 ounces, a decrease of 11% compared to the previous year.
Revenue for the reporting period amounted to $4,257 million, a decrease of 14% compared to 2021.
Adjusted EBITDA for the reporting period amounted to $2,584 million, 27% less than in 2021.
The total volume of gold sales for the 2nd half of the year amounted to 1,408 ounces, which is 39% higher than in the 1st half of 2022, and indicates an increase in gold production at all operating assets of the group.
Revenue for the reporting period amounted to $2,405 million, an increase of 30% compared to the 1st half of 2022. The average selling price of refined gold decreased by the 1st half of 2022.
Adjusted EBITDA in the 2nd half of 2022 amounted to $1,369 million, 13% higher than in the 1st half ($1,215 million). The growth was due to an increase in the volume of gold sales during this reporting period.
According to Polyus, gold production in 2023 will amount to 2.8 million - 2.9 million ounces.
Alex Shishlo for Rough&Polished
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