PJSC Polyus announced operating results for the fourth quarter and full year ended December 31, 2018. For the fourth quarter Total gold output decreased 8% to 637,000 ounces compared to the previous quarter (Third quarter 2018: 691,000 ounces). Year on year, volumes of doré gold and total gold output grew by 5% and 10%, respectively. Volumes of ore mined amounted to 12,030 thousand tonnes, representing a 5% decline on the previous quarter and a 20% increase year on year. Volumes of ore processed totalled 9,279,000 tonnes, down 11% on the previous quarter. Year on year, volumes of ore processed rose by 19% as the Company continues to expand processing capacities at its core assets. Volumes of antimony contained in flotation concentrate declined by 45% to 3.5 thousand tonnes compared to the previous quarter (Third quarter 2018: 6.4 thousand tonnes). For the fourth quarter Total gold output increased to 2,436,000 ounces, compared to 2,160,000 ounces in 2017, representing a 13% increase. This is higher than the guidance of 2.375-2.425 million ounces. Doré volumes totalled 2,450 thousand ounces, up 13% compared to the prior year. Volumes of ore processed rose by 33% year on year, to 38,025,000 tonnes, driven by the ramp-up of the Natalka Mill, the capacity expansion projects at existing operations and the start of the heap leaching operations at Kuranakh.