May 14, 2019 / 1:40 PM / 11 days ago

Russia's Polyus capex to accelerate in second and third quarters

MOSCOW, May 14 (Reuters) - Russia’s largest gold producer Polyus said on Tuesday it plans to materially accelerate capital expenditure in the second and third quarters of the year, without exceeding the $725 million it expects to spend in the year as a whole.

“We still expect to spend $725 million across all or business units in 2019,” chief executive Pavel Grachev said on a call with investors on Tuesday. (Reporting by Polina Ivanova and Vladimir Soldatkin; Editing by Alexander Smith)

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