Petropavlovsk PLC IRC Announcement: Q1 2020 Trading Update (5685K)
April 23 2020 - 1:00AM
UK Regulatory
TIDMPOG
RNS Number : 5685K
Petropavlovsk PLC
23 April 2020
23 April 2020
Petropavlovsk PLC
IRC Announcement: Q1 2020 Trading Update
Petropavlovsk PLC (the "Company"), wishes to notify that IRC
Limited ("IRC"), a producer and developer of industrial commodities
in which the Company is a significant shareholder (31.1%), has
today made an announcement regarding its trading activities for Q1
2020 . In particular, the Company wishes to highlight that c.US$9.8
million has been paid during the quarter by IRC to Gazprombank as
principal repayment and interest. This is in accordance with the
repayment schedule for the facility agreements guaranteed by
Petropavlovsk.
The full text of the announcement may be found on the website of
IRC at http://www.ircgroup.com.hk/en/ir_announcements.php .
About Petropavlovsk
With a Premium Listing on the London Stock Exchange,
Petropavlovsk (LSE: POG) is a major integrated Russian gold
producer with JORC Resources of 20.52Moz Au which include Reserves
of 8.21Moz Au.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East and the Company has
produced a total of c.7.6Moz of gold since operations began in
1994. Petropavlovsk has a strong track record of mine development,
expansion and asset optimisation.
The Group recently entered a new era of growth following the
successful commissioning and start-up of its flagship asset, the
Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the
processing of the Company's abundant refractory reserves and
resources.
Petropavlovsk is committed to implementing international best
practices across all areas of sustainable development and is one of
the region's largest employers and contributors to the local
economy.
For More Information
Please visit www.petropavlovsk.net or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@petropavlovsk.net
Kim
Peel Hunt LLP
Ross Allister / David McKeown / Alexander
Allen +44 (0) 20 7418 8900
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com
Peretz
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTPPUGWCUPUGBP
(END) Dow Jones Newswires
April 23, 2020 02:00 ET (06:00 GMT)
Petropavlovsk (LSE:POG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Petropavlovsk (LSE:POG)
Historical Stock Chart
From Jul 2023 to Jul 2024