OREANDA-NEWS. October 17, 2011. Polyus Gold International Limited (LSE – PLGL, OTC (US) - PLZLY), an international company, the leading gold producer in Russia and one of the major producers of gold in Kazakhstan, releases its trading update for the nine months ended 30 September 2011, reported the press-centre of Polyus Gold International.

Highlights
Total gold production in the period increased by 16% year-on-year to 1,107 thousand ounces (nine months to 30 September 2010: 956 thousand ounces)

Total gold production in the third quarter increased by 9% year-on-year to 496 thousand ounces (third quarter 2010: 454 thousand ounces)

Blagodatnoye is now operating at the design capacity (6 MTPA, 85% recovery)

Ongoing Mill-2,3 modernization resulted in higher recovery

Construction of Verninskoye project is on schedule

Increased production at alluvials resulting from favourable weather conditions.