Petropavlovsk

Within Q1 the enterprises of "Petropavlovsk" produce 112.5 thousand ounces of gold.

In relation to January-March of 2017 the production of precious metal decreased by 5%.

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In January-March, Petropavlovsk reduced gold production by 5%

In the first quarter of 2018, Petropavlovsk Plc reduced its gold production by 5% to 112.556 thousand ounces (3.5 tons) compared to the same period of 2017, Petropavlovsk reports.

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Petropavlovsk to spend $105 mln on its projects in 2018

This year, Petropavlovsk Plc plans capital expenditures at the level of $105 million. This is by 19.2% more than in 2017, when the gold miner spent $88.1 million.

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Amur region’s Ministry of Natural Resources: Gold production to be maintained at the level of 2017

In 2018, in the Amur region, subsoil users plan to produce about 26 tons of gold, maintaining the result at the level of 2017.

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In 2017, Petropavlovsk increased its net profit by 31%

In 2017, Petropavlovsk Plc made the net profit in the amount of $41.5 million against the net profit of $31.7 million in 2016, the company reports.

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In 2017 "Irgiredmet" reduces the profit by 2.6 times.

According to the results of 2017 JSC "Irgiremet" (part of Petropavlovsk Plc) received 25.124 million roubles of net profit under RAS, which is 2.6 times less than a year earlier, as follo

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Result of enterprises in the Amur region in the first two months of 2018 is 2.8 tons of gold

In the first two months of 2018, gold mining enterprises of the Amur region produced 2823.7 kilograms of precious metal on the territory of the region.

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In 2017, Petropavlovsk increased gold reserves by 8%

In 2017, Petropavlovsk Plc increased its gold reserves by 8%, or by 670 thousand ounces to 8.15 million ounces (253.5 tons), resources - by 6%, or by 1.17 million ounces to 20.86 ounces million oun

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Asian-Pacific Bank sells 9% of Petropavlovsk’s shares

Asian-Pacific Bank (ATB), which was controlled by co-founders of the gold-mining company Petropavlovsk Pavel Maslovsky, Peter Hambro and Andrei Vdovin until the end of 2017, has decided to sell 9%

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440 thousand ounces of gold produced by Petropavlovsk in 2017.

The increase in production by 9.9% compared to 2016 was due to an increase in gold output at the Pioneer, Malomyr and Albyn mines.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

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