Petropavlovsk increased resource assessment by 2% in 2012

“Petropavlovsk” GC (Petropavlovsk Plc) on the results of geological exploration in 2012 increased the assessment of resources under JORC by 2% to 25.1 mln ounces of gold (780.7 tons) against 2011.

The resources comprise 10 mln ounces (311 tons) of proved and probable reserves. The growth was despite the exhaustion of reserves and sale of the non-profile asset “Omchak” in late 2012.

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