The Petropavlovsk Group opened Elga gold ore deposit (Amur region) in 2016, Minister of Natural Resources and Environment of Russia S.Donskoi said.
Petropavlovsk Plc (Petropavlovsk GC) might start dividend payment after 2018, CEO of Petropavlovsk, P. Maslovsky, said.
The company’s forecast refers to the open –pit mining as well as a new for the company underground gold mining.
Petropavlovsk Plc ( “Petropavlovsk” Group) is about to return to the discussion of deals of M&A with the owners of “Amur Gold” (part of “Russian platinum”) a
In 2016, Petropavlovsk produced 416 thousand troy ounces (31.1 grams) of gold against 504.1 thousand troy ounces in 2015. The indicator fell by 17%, the company reports.
The past year, despite the price "swings" on the global gold market, it has beeen successful for Russian companies due to the high ruble price of "yellow metal".
The deal, that has been considered since the beginning of the year, has been collapsed.
Petropavlovsk reduced its production forecast for 2016 by 10-14%: from 460-500 thousand ounces to 415-430 thousand ounces.
The structures of Musa Bazhaev can get 20% stake in the gold mining company Petropavlovsk, it follows from the report, published on the website of the London Stock Exchange.
The gold mining company Petropavlovsk has agreed with Sberbank and VTB to restructure $530 million of its debt until 2022 and has decided that it no longer needs a partner for the completion of an