Reserves reassure Polymetal investors

FTSE 100 miner Polymetal International (LON:POLY) watched its share price climb by 2.51% to 1,877p (as of 13:20 GMT) after providing ore reserve estimates for the Pesherny deposit. The initial estimates indicate 399 Koz of gold which will be mined over roughly 7 years starting in Q3 2021.

CEO Vitaly Nesis commented: “Establishing high-grade reserves for Pesherny is an important achievement in extending Voro’s life-of-mine“.