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Reuters reported that higher gold prices and strong sales pushed Polyus Gold (LSE:POLG) profits up 57%.
Reuters reported that higher gold prices and strong sales pushed Polyus Gold (LSE:POLG) profits up 57%.
As quoted in the market news:
The company said earnings before interest, tax, depreciation and amortisation (EBITDA) reached $1.1 billion in 2011, up 55 percent year-on-year, while its total cash costs rose by 19 percent to $661 per troy ounce.
