MOSCOW, October 12 (RIA Novosti) - Polyus Gold [RTS: PLZL], Russia's largest gold miner, said on Friday its net loss for the first half of 2007 calculated according to International Financial Reporting Standards totaled $93 million.
Revenues of subsidiaries in the reporting period rose 4% year-on-year, to reach $309 million.
In January-June last year the company, which accounts for around 20% of Russia's gold output, posted net profit of $1.03 billion.
Polyus Gold has licenses to gold deposits in Siberia's Krasnoyarsk Territory, Irkutsk Region the Republic of Sakha (Yakutia), and the Magadan Region in the Far East.
