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24/07/2014
11:52
Petropavlovsk increased IH output.

In IH 2014 Petropavlovsk lc. increased the gold output 3.97% to gain 306.4ths ounce from 294.7ths ounce prior year, the company informed.

The volume of sales moved up 4.58% to 310.7ths ounce from 297.1ths ounce; sale price being fixed at $1.386/ounce.

The tentative output is assumed to reach 625ths ounce by year end.

Petropavlovsk lc. is a production and prospecting company. This is the first mining company in Great Britain having 100% of Russian assets. It placed the stocks on the Alternative Investment Exchange in London.

The Group was formed in 2009 on the basis of Peter Hambro Mining and Aricom. It provides acquisition, prospecting, development and arrangement of the entrails extraction. Now the emphasis is centered on the precious metals production. In future, the ore assets should be developed.


"AK&M", 24.07.2014

 

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