Thus, Polyus has confirmed its status as the world's largest gold reserves company MOSCOW, April 29. /TASS/. In 2020, Polyus increased its proven and probable gold reserves by 71% to 104 mln ounces, the miner said in a statement on Thursday. Thus, Polyus has confirmed its status as the world's largest gold reserves company. The company announced its ore reserves and mineral resources estimates as of December 31, 2020, in accordance with JORC Code 2012. The company’s total proved and probable ore reserves have increased 71% to 104 mln ounces of gold, compared to 61 mln ounces of gold as of December, 31, 2019. According to the report, "The updated estimate primarily reflects the inclusion of Ore Reserves for Sukhoi Log as well as additions at several operating mines, derived from a comprehensive drilling program across the Company’s asset portfolio launched in 2018. The Measured, Indicated and Inferred Mineral Resources are estimated at 204 mln ounces of gold, compared to 188 mln ounces of gold as at 31 December 2019."