Polyus Gold Declines as 2011 Net Income Trails Estimates

Polyus Gold International Ltd. (PLGL), Russia’s largest miner of the precious metal, fell after 2011 earnings missed analysts’ estimates.

The stock dropped as much as 1.3 percent and last traded 0.6 percent lower at $3.06 by 1:50 p.m. in London.

Net income rose to $558 million from $356 million a year earlier, the company said today in an e-mailed statement. That missed the average estimate of $651 million profit from 15 analysts surveyed by Bloomberg.

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net;

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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