Polymetal gold output rises 30pc

FTSE 250 miner Polymetal International yesterday posted a 30 per cent increase in gold production in the third quarter. The firm is on track to meet its full-year gold production guidance of 1.2m ounces. “This achievement has paved the way for significant free cash flow generation and is expected to allow us to maintain our dividend policy despite continued weakness in commodity prices,” said chief executive Vitaly Nesis.