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Petropavlovsk PLC (POG.L)

POG.L on London Stock Exchange

10.10GBp
10:46am EDT
Change (% chg)

0.04 (+0.40%)
Prev Close
10.06
Open
10.30
Day's High
10.36
Day's Low
10.10
Volume
2,522,960
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3,843,549
52-wk High
10.44
52-wk Low
5.15

Latest Key Developments (Source: Significant Developments)

Gem Diamonds Says Kenyon-Slaney Appointed Non-Executive Director Of Petropavlovsk
Friday, 21 Dec 2018 01:23pm EST 

Dec 21 (Reuters) - Gem Diamonds Ltd ::GEM DIAMONDS LIMITED - APPOINTMENT OF EXTERNAL DIRECTORSHIP.GEM DIAMONDS - INFORMED THAT, WITH EFFECT FROM 7 NOVEMBER 2018, KENYON-SLANEY APPOINTED AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF PETROPAVLOVSK PLC.  Full Article

Petropavlovsk Announces Commissioning Of POX Hub, Updates on IRC
Tuesday, 27 Nov 2018 02:01am EST 

Nov 27 (Reuters) - Petropavlovsk PLC ::SAYS ANNOUNCES SUCCESSFUL PROGRESS IN COMMISSIONING OF COMPANY'S PRESSURE OXIDATION (POX) HUB.SAYS IS ON TRACK FOR GOLD PRODUCTION FROM POX PLANT IN Q1 2019, WITH PRODUCTION RAMPING UP THROUGHOUT 2019.SAYS FIRST REFRACTORY ORE CONCENTRATE PROCESSING SCHEDULED FOR 28 NOVEMBER.SAYS DISCUSSIONS WITH ICBC ARE AT AN ADVANCED STAGE WITH A VIEW TO IRC OBTAINING A WAIVER FOR UPCOMING 20 DECEMBER 2018 PAYMENT UNTIL REFINANCING IS FINALISED.SAYS GROUP IS IN FINAL STAGES OF CONCLUDING REFINANCING AGREEMENT AND SUBSEQUENT STAGED GUARANTEE REDUCTION OF A NEW US$240 MILLION.SAYS IT IS ANTICIPATED THAT A REDUCTION IN COMPANY'S GUARANTEE OBLIGATIONS TO ZERO WILL BE ACHIEVED BEFORE END OF 2020.  Full Article

Petropavlovsk Confirms Certain Waivers In Respect Of ICBC Facility
Wednesday, 20 Jun 2018 02:09am EDT 

June 20 (Reuters) - Petropavlovsk PLC ::CONFIRMS CERTAIN WAIVERS IN RESPECT OF ICBC FACILITY HAVE BEEN GRANTED BY ICBC, SUBJECT TO FULFILMENT OF CERTAIN CONDITIONS.ICBC HAS GRANTED K&S AND PETROPAVLOVSK WAIVERS FROM OBLIGATION TO COMPLY WITH CERTAIN FINANCIAL COVENANTS.ICBC HAS GRANTED K&S A WAIVER FROM ITS OBLIGATION TO MAINTAIN CERTAIN CASH DEPOSITS WITH ICBC.WAIVERS WILL BE EFFECTIVE UPON FULFILMENT OF CERTAIN CONDITIONS PRECEDENT AND WILL CONTINUE UNTIL 31 DECEMBER 2018.IS A SHAREHOLDER (31.1%) OF IRC LIMITED AND IS GUARANTOR OF IRC'S $340 MILLION PROJECT FINANCE FACILITY.  Full Article

Petropavlovsk Enters Into Bridge Loan Agreement With IRC
Wednesday, 13 Jun 2018 11:21am EDT 

June 13 (Reuters) - Petropavlovsk PLC ::SAYS NEGOTIATIONS TO REFINANCE IRC LIMITED'S FACILITY WITH ICBC ARE AT AN ADVANCED STAGE WITH A MAJOR RUSSIAN BANK.SAYS GROUP HAS ENTERED INTO A BRIDGE LOAN FACILITY AGREEMENT WITH IRC IN ORDER TO HELP K&S MEET PAYMENT DUE UNDER ICBC FACILITY ON JUNE 20 .SAYS BRIDGE LOAN IS FOR A ROUBLE AMOUNT EQUIVALENT TO US$29.75 MILLION AT AN INTEREST RATE OF 12% PER ANNUM.  Full Article

Petropavlovsk 2017 Profit For Period Up At $41.5 Mln
Wednesday, 28 Mar 2018 02:01am EDT 

March 28 (Reuters) - Petropavlovsk Plc ::FY REVENUE ROSE 9 PERCENT TO 587.4 MILLION USD.2017 GROUP REVENUE UP 9% TO US$587.4M (2016: US$540.7M).SAYS 2017 UNDERLYING EBITDA IN LINE WITH 2016 AT US$196.8M, (2016: US$200.1M).2017 PROFIT FOR PERIOD WAS US$41.5M COMPARED TO US$31.7M IN 2016.SAYS IN 2017 REDUCTION IN YEAR-END NET DEBT BY US$14M TO US$585M (31 DEC 2016: US$599M).PRODUCTION: 2018 GOLD OUTPUT IS FORECAST BETWEEN 420-460KOZ.MALOMIR FLOTATION: PLANT EXPECTED TO BE COMMISSIONED IN Q2 2018.SAYS 2108 CAPEX ESTIMATED AT $105MLN.  Full Article

Petropavlovsk Announces Exploration Update and Resource Review
Monday, 5 Mar 2018 02:00am EST 

March 5 (Reuters) - Petropavlovsk ::ESTIMATED EXPLORATION BUDGET FOR 2018 IS US$16M.ANNOUNCES 0.67MOZ AU (C.8%) INCREASE (BEFORE DEPLETION)IN RESERVES AND 1.17MOZ AU (C.6%) INCREASE (BEFORE DEPLETION) IN RESOURCES IN 2017.ANNOUNCES 1.17MOZ INCREASE IN JORC RESOURCES (BEFORE DEPLETION) IN 2017.ANNOUNCES 0.66MOZ INCREASE IN JORC NON-REFRACTORY RESERVES (BEFORE DEPLETION) IN 2017.ANNOUNCES 16% INCREASE IN TOTAL RESERVES FOR UNDERGROUND MINING FROM 0.37MOZ TO 0.43MOZ AND A 26% INCREASE IN UNDERLYING MINERAL RESOURCES FROM 0.74MOZ TO 0.93MOZ IN 2017.  Full Article

Asian-Pacific Bank To Consider Selling Its Stake In Petropavlovsk
Thursday, 1 Mar 2018 12:49am EST 

March 1 (Reuters) - Asian-Pacific Bank::SAID ON WEDNESDAY THAT ITS BOARD OF DIRECTORS WILL CONSIDER DIVESTING THE BANK'S STAKE IN PETROPAVLOVSK <<>> AT THE MARCH 1 MEETING.ASIAN-PACIFIC BANK OWNS A 9.11 PERCENT STAKE IN PETROPAVLOVSK, ACCORDING TO ITS FOURTH QUARTER REPORT HTTP://BIT.LY/2GSDFGD.  Full Article

Petropavlovsk Announces Resignation Of CFO
Friday, 16 Feb 2018 02:00am EST 

Feb 16 (Reuters) - Petropavlovsk ::SAYS ANNOUNCES RESIGNATION OF ANDREY MARUTA, WHO IS CURRENTLY CHIEF FINANCIAL OFFICER.SAYS ANDREY MARUTA WILL DEPART FROM COMPANY ON 1 ST APRIL 2018.  Full Article

Petropavlovsk Names Roman Deniskin New CEO
Thursday, 8 Feb 2018 02:02am EST 

Feb 8 (Reuters) - Petropavlovsk ::APPOINTMENT OF CEO AND NON-EXECUTIVE DIRECTOR.ANNOUNCES APPOINTMENT OF ROMAN DENISKIN AS CHIEF EXECUTIVE OFFICER AND DIRECTOR OF PETROPAVLOVSK PLC, EFFECTIVE FROM 16 APRIL 2018.AT THIS TIME, CURRENT INTERIM CEO, SERGEY ERMOLENKO, WILL STEP DOWN FROM BOARD.ALSO ANNOUNCES APPOINTMENT OF BEKTAS MUKAZHANOV, AS A NON-INDEPENDENT NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT.  Full Article

Petropavlovsk ‍Q3 total gold production up at 104,000oz ​
Tuesday, 17 Oct 2017 02:00am EDT 

Oct 17 (Reuters) - PETROPAVLOVSK :SAYS ‍Q3 TOTAL GOLD PRODUCTION WAS 104,000OZ (COMPARED TO 102,400OZ IN Q3 2016)​.SAYS ‍GROUP REITERATES ITS 2017 FULL YEAR PRODUCTION GUIDANCE OF 420,000-460,000OZ​.  Full Article