Kazakh gold miner Solidcore says Q1 gold production fell by 42%

Kazakh gold miner Solidcore Resources Plc said on Monday that its gold-equivalent production in the first quarter of 2025 fell by 42% to 68,000 oz. due to delays in Kyzyl concentrate shipments to Russia’s Amursk pressure oxidation plant.

The company, formerly called Polymetal, reiterated its full-year guidance of gold equivalent production at 470,000 oz.

Solidcore, Kazakhstan’s second largest gold miner, said its first quarter sales declined by 67% to 38,000 oz. of gold equivalent after the temporary shipment delays with a strong recovery expected in the second half of 2025 as toll-processing returns to normal conditions.

(By Anastasia Lyrchikova and Anastasia Teterevleva; Editing by Andrew Osborn)

Read More: Solidcore eyes Gulf financing in post-Russia strategy