In the first quarter of this year, Petropavlovsk, performing mining of gold ore in the Amur region, produced 118.046 thousand ounces, or 3.6 tons of gold.
In the first quarter of 2017, Petropavlovsk Plc increased its gold production by 18% to 118.046 thousand ounces (3.67 tons) compared with the same period in 2016, Petropavlovsk reports.
Chinese companies General Nice and Minmetals Cheerglory have not yet contributed the remainder of the funds for the acquired shares in iron ore IRC.
In 2016, Petropavlovsk Plc made the net profit in the amount of $31.7 million against the loss of $297.5 million in 2015, the company reports.
This is the amount of re-evaluation of gold reserves of the Talikitsky site, the license for which is held by the controlled by the group enterprise.
The volume of gold mining in Priamurie keeps falling due to the low content of metal in ore.
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