Polymetal Completes Installation Of Massive Gold Extraction Machine

(Alliance News) - Polymetal International PLC on Monday announced that the autoclave vessel has been installed at the POX-2 construction site in Khabarovsk region, Russia.

The gold and silver producer focused on Russia and Kazakhstan said it had completed the machinery on time despite the challenges presented by Covid-19 related restrictions.

The autoclave and its installation cost approximately USD27 million.

The autoclave, which is a machine used in the extraction of gold from ore, is the largest in the gold industry globally, Polymetal said.

The company is on track to start production at POX-2 in the third quarter of 2023.

Polymetal International shares were up 1.2% in London on Monday morning at 2,001.00 pence.

By Greg Roxburgh; gregroxburgh@alliancenews.com

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