28 Apr 2009 17:21
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer, today announced the decisions taken at a Board Meeting held on April 28, 2009.
The Board of Directors took note of Project progress report on development of Natalka gold deposit in Magadan region and approved allocation of funds for performance of design works in 2009.
The Board of Directors also approved the Company's consolidated financial statements for the year ended 31 December 2008 in accordance with 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 in Krasnoyarsk Territory, Irkutsk, Magadan and Amur Oblasts and Republic of Sakha (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.com
Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com
PLZL.L (PLZL)