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OJSC Polymetall expects income growth due to price increase in 2006
OJSC Polymetall, Russian largest silver producer and the second largest gold producer in Russia, expects income growth due to price of silver and gold increase in 2006. Since the beginning of the year price of gold has increased by 17.8%, silver – by 55.6%.
In 2005 the sales structure of the company contained 43% of gold and 57% of silver, and this year it will be 50% and 50% respectively, according to the representatives of the company.
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