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Polymetal cuts 2008 silver forecast to between 16.5m and 17m ounces

Posted on 21 October 2008

From Mineweb.com: Polymetal, Russia’s largest silver miner, cut its forecast for output of the metal on Monday due to a rapid fall in its price and said it would consider revising its investment plan for 2009.

Polymetal said in a statement its new Albazino/Amursk project in the Russian Far East would take priority when allocating next year’s investment budget, although the expansion of its existing Dukat and Vorontsovskoye mines was on track….. Full Article: Source


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