Petropavlovsk report for Jan-Sept and Q3

20 October 2015
Production Report for Q3 2015
Petropavlovsk PLC ("Petropavlovsk" or the "Company", or together with its subsidiaries "the Group") today issues its production results for the period from 1 July 2015 to the date of this release (the "Period").
Q3 Highlights
· The Group successfully achieved its Q3 production levels as called for by the previously announced change in strategy designed to meet the Group's challenging debt repayment profile. This calls for the Group to concentrate on the mining and production of ounces with the highest possible profit margin, even at the expense of those ounces that are only marginally profitable
· Q3 gold production of 114,500oz (Q3 2014: 150,100oz), with total gold production for the first nine months of the year of 354,700oz (nine months 2014: 456,500oz)
· Sales for the first nine months of the year of 343,500oz (460,900oz during the same period in 2014)