October 18, 2016 / 6:20 AM / 9 months ago

BRIEF-Russia's Polymetal says Q3 gold output up 29 pct q/q

1 Min Read

Oct 18 (Reuters) - Russia's Polymetal :

* Says Q3 production at 372,000 ounces of gold equivalent, an increase of 29 pct quarter-on-quarter but down 5 percent year-on-year;

* Says Q3 revenue at $466 million, up 16 percent year-on-year;

* Says generated significant free cash flow in Q3;

* Says net debt remained essentially unchanged at $1.469 billion after it paid $38 million of interim dividends and spent $100 million to acquire Komarovskoye;

* Says 'we remain firmly on track to meet our annual production and cost guidance'. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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