PJSC Polyus has increased its revenue for the first half of 2026 by 27% year-on-year to $4.674 billion, driven by an increase in the average realized price of refined gold.
At the same time, the company’s total gold sales decreased 20% to 950,000 ounces.
Polyus's profit for January-June 2026 decreased by 59% to $829 million. Meanwhile, Polyus's operating and other expenses more than tripled year-on-year to $3.405 billion. The increase was driven by the implementation of numerous investment projects and elevated sustaining costs, the company reported.
In 2025, Polyus enterprises produced 2.528 million ounces (78.64 tonnes) of gold. The company’s 2026 production guidance is 2.5 - 2.6 million ounces of gold.
PJSC Polyus is one of the largest gold mining companies in the world. Its major mines are located in Siberia and the Russian Far East.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
