Polyus estimates Capex in Sukhoi Log development at $650-800 mln in 2025 — VP
Business & Economy
March 05, 2025, 14:44
Capital expenses for 2025 would total $2-2.5 bln, the gold miner said earlier
MOSCOW, March 5. /TASS/. Polyus estimates capital expenditures for implementation of the Sukhoi Log goldfield development project at $650-800 mln in 2025, Vice President for Economy, Finance and Strategy Pyotr Prokuda said.
"If speaking about Capex, we sustained about $200 mln in 2024, in 2025 <...> we expect Capex for Sukhoi Log at about $650-800 mln, depending on the contracting strategy," he said.
Capital expenses for 2025 would total $2-2.5 bln, the gold miner said earlier. Total capital expenses of Polyus for implementation of the Sukhoi Log development project were estimated by the company at $6 bln in December 2024.