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Polymetal intends to reduce capital expenditures for the current year
Polymetal International intends to reduce the capital costs for this year to 240 million dollars.
Thus, the cost of 2015-2019 years. should make 1,46-1,55 billion dollars, which is 140-440 million dollars less than Polymetal assumed last year.
The company also lowered its maximum estimate for the development of the Kyzyl gold project in Kazakhstan, which it acquired in the summer of 2014 for $ 618,5 million. This is due to the fact that Polymetal finalized the project, explains his representative.