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Petropavlovsk PLC (POG.L)

POG.L on London Stock Exchange

6.16GBp
23 Mar 2017
Change (% chg)

-0.12 (-1.91%)
Prev Close
6.28
Open
6.54
Day's High
6.60
Day's Low
6.16
Volume
3,229,486
Avg. Vol
3,410,495
52-wk High
9.15
52-wk Low
5.74

Latest Key Developments (Source: Significant Developments)

Petropavlovsk says ICBC waived obligation for unit
Tuesday, 21 Mar 2017 09:22am EDT 

Petropavlovsk Plc - : Industrial And Commercial Bank Of China Ltd waived obligation of IRC's unit, Kimkano- Sutarsky Mining and Beneficiation Plant Llc .ICBC waived obligation to repay all 2017 loan principal instalments of $42.5 million.  Full Article

Petropavlovsk says commissioning of POX hub scheduled to start in Q4 2018
Thursday, 16 Mar 2017 03:14am EDT 

Petropavlovsk : Says commissioning of POX hub is scheduled to start in Q4 2018 with production ramping up through 2019 Further company coverage: [POG.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Russia's Petropavlovsk says 2016 gold output at 416,000 oz
Thursday, 26 Jan 2017 02:17am EST 

Russia's Petropavlovsk Plc says: 2016 gold output at 416,000 troy ounce, in line with revised 2016 guidance but down from 504,100 ounces in 2015; . Full year gold sales of 400,000 oz at average price of $1,222 per oz; . Sees 2017 gold output at between 420,000-460,000 ounces; .Sees 2017 capex at $100-110 million..  Full Article

Petropavlovsk sees 2017 gold price at $1,150/oz in conservative f'cast
Tuesday, 6 Dec 2016 05:21am EST 

Russia's Petropavlovsk CEO Pavel Maslovskiy told Reuters: The company sees gold price at $1,150 per troy ounce in its conservative scenario in 2017; . The company's costs are seen flat in 2017; . The remaining $120-140 mln to be gradually invested in the company's pressure oxidation project (POX) in the coming years, 90 percent of equipment already bought; . Amur Zoloto's new proposal was caused by a debt restructuring deal between Petropavlovsk and its creditors; . The company's creditors support the possible deal with Amur Zoloto. He did not say when Petropavlovsk board of directors would consider the proposal; . Petropavlovsk said on Monday Amur Zoloto's shareholders offered to exchange their company for 20 pct in Petropavlovsk. (Reporting by Diana Asonova and Polina Devitt; editing by Katya Golubkova) ((ekaterina.golubkova@thomsonreuters.com; +7 495 775 1242)) Keywords: RUSSIA PETROPAVLOVSK/FORECAST.  Full Article

Petropavlovsk agrees debt refinancing with Sberbank, VTB
Wednesday, 30 Nov 2016 03:01am EST 

Russian miner Petropavlovsk Plc says: Has received approvals for the refinancing of its entire bank debt totalling $529.8 million with the lending banks, Sberbank (75 percent of total bank debt) and VTB (25 percent of total bank debt); . Terms are subject to final documentation and completion of conditions precedent; . The approved terms include a revised maturity profile from May 2018 to September 2022 (inclusive of option to extend the 2019 maturity payment to 2022 upon certain conditions being satisfied) and effective average interest rate of 8 percent; . The extended maturity profile of borrowings is now successfully aligned with Petropavlovsk's production profile, expected cash generation and growth capital expenditure plans; . The lenders have agreed the schedule supporting the company's development of the Pressure Oxidation Project (POX Hub); . The proposed refinancing allows Petropavlovsk to self-fund the POX Hub out of free cash flow; . Petropavlovsk is no longer pursuing the proposed joint-venture process with GMD Gold but remains in constructive discussions with it whether an alternative agreement can be reached;.  Full Article

Russia's Petropavlovsk H1 revenue down 15 pct
Wednesday, 28 Sep 2016 02:03am EDT 

Russia's Petropavlovsk Plc says: H1 group revenue was $254 million, 15 percent lower than in H1 2015; . H1 underlying EBITDA was down 2 percent y-on-y at $88 million; . H1 net profit attributable to equity shareholders $9.2 million compared with a loss of $52 million a year ago due to a decrease in cash costs, reversal of stockpile impairments and reduction in interest expense; . 2016 production is expected to be in line with the lower end of original guidance of 460,000-500,000 troy ounces; . Total average cash costs are expected at $700 per ounce in 2016; .Net Debt was at $598 million at the end of June..  Full Article

Russia's Petropavlovsk says H1 gold output down 22 pct y/y
Tuesday, 19 Jul 2016 02:21am EDT 

Russia's gold producer Petropavlovsk says: says H1 total gold production down 22 percent, year-on-year, to 187,400 troy ounces; . says the decrease was mainly caused by the scheduled processing of lower grade material and the impact of flooding; . says net debt is expected at $570 million at the end of 2016; .says 2016 production is now expected to be at lower end of the original guidance of 460,000-500,000 ounces..  Full Article

Petropavlovsk PLC sees 2016 gold production at 460,000-500,000 oz
Monday, 25 Jan 2016 03:00am EST 

Petropavlovsk PLC:Says group expects 2016 gold production to be between 460,000 and 500,000 oz.  Full Article

Petropavlovsk PLC comments on H2 2015 production guidance
Thursday, 27 Aug 2015 02:03am EDT 

Petropavlovsk PLC:Says H2 2015 production is forecast to be significantly higher than H1 2015 especially at Pioneer, the Group's flagship mine.  Full Article

Petropavlovsk PLC reiterates FY 2015 production guidance;
Tuesday, 21 Jul 2015 02:00am EDT 

Petropavlovsk PLC:Reiterates FY 2015 production capacity of 680koz but stresses that this may not be optimal from a cash generation point of view.  Full Article

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BRIEF-Russia's Petropavlovsk says Sberbank to defere the repayment to Dec. 20

* Sberbank has deferred the repayment installment of principal due under its facilities on Oct. 31 2016 to Dec. 20 2016;