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28 Apr 2009 17:21
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OJSC Polyus Gold (RTS, MICEX and LSE - PLZL),Β Russia's leading gold producer, today announced the decisionsΒ taken atΒ a BoardΒ Meeting held onΒ AprilΒ 28, 2009.Β
The Board of DirectorsΒ took note of Project progress report on development of Natalka gold depositΒ in Magadan regionΒ andΒ approved allocation ofΒ funds for performance of design works in 2009.
The Board of DirectorsΒ also approvedΒ the Company's consolidated financial statements for the year endedΒ 31 DecemberΒ 2008 in accordance withΒ the International Financial Reporting Standards (IFRS).
OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold companies in terms of market capitalization, minerals base and output. The Company's asset portfolio includes ore and alluvial deposits inΒ KrasnoyarskΒ Territory,Β Irkutsk, Magadan and Amur Oblasts andΒ RepublicΒ ofΒ SakhaΒ (Yakutia). Gold production of OJSC Polyus Gold totaled 1,222m oz in 2008.
For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496pr@polyusgold.comΒ
Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com
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