Wednesday, 12th September 2007 (3261 views)

Russian gold miner Polyus Gold has confirmed an increase in its gold reserves at its Natalka field.

According to Polyus, an international audit of its reserves at the gold field revealed that the revised estimate shows the company's proven and probable reserves to now total 68.6 million ounces.

Polyus notes that this is a growth on the previous 68 million ounces reserves target set by the company for a strategic development plan to be held in 2015.

"The international audit of the Natalka deposit fulfils a key strand of Polyus Gold's forward looking strategy. I am delighted that we have reached one of these targets eight years ahead of schedule," commented Pavel Skitovich chief executive officer of Polyus Gold.

He added that the company would not rest until it has reached the final two targets on time.

 

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