Bloomberg: Polyus Has 3 Million Ounces of Gold in Kazakhstan, Romania

Polyus Gold International Ltd., the mining company formerly known as KazakhGold Group Ltd., said it has 3 million ounces of reserves in Kazakhstan and Romania. The total is backdated to May and conforms to the JORC code of practice, the Moscow-based company said today in a regulatory statement. At current rates of production, the reserves will allow Polyus to mine gold in the region for 27 years. The company produced 110,000 ounces of gold in Kazakhstan last year, according to data on its ...

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