Russia's two largest gold producers turn in divergent 2012 results

By Vladimir Basov

Polyus Gold International Limited (LSE: PGIL), the largest gold producer in Russia, achieved a stunning 71% increase in net income, from US $573 million in 2011 to $981 million in 2012, according to its audited IFRS financial results for 2012.

Total revenue was up by 19% to $2.9 billion, reflecting …read more