Bloomberg News

Polymetal Gains First Day in Four as Revenue Rises 59% on Output

October 13, 2011

Oct. 13 (Bloomberg) -- OAO Polymetal climbed for the first day in four after the Russian silver and gold producer boosted third-quarter revenue 59 percent as output and prices of both metals rose.

The shares jumped as much as 2.5 percent and traded 0.8 percent higher at 471 rubles by 1:41 p.m. in Moscow.

Revenue climbed to $374 million from $235 million a year earlier, Polymetal said today in a statement.

--Editors: Alex Nicholson, Gavin Serkin

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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