Petropavlovsk PLC IRC Announcement: Q4 2020 Trading Update (3830N)
January 29 2021 - 5:14AM
UK Regulatory
TIDMPOG
RNS Number : 3830N
Petropavlovsk PLC
29 January 2021
29 January 2021
Petropavlovsk PLC
IRC Announcement: Q4 2020 Trading Update
Petropavlovsk PLC (the "Company") notes that IRC Limited
("IRC"), a producer and developer of industrial commodities in
which the Company is a significant shareholder (31.1%), has today
published its Q4 2020 Trading Update.
In particular, the Company wishes to highlight that c.US$8.6
million has been paid during the fourth quarter of 2020 by IRC to
Gazprombank as principal 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 IRC
website at:
http://www.ircgroup.com.hk/en/ir_announcements.php .
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 21.03Moz Au which
include Reserves of 8.46Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350
and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East. Petropavlovsk has
produced a total of c.8.2Moz of gold since operations began in 1994
and 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 one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovskplc.com or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@Petropavlovskplc.com
Kim
Hudson Sandler +44 (0) 20 7796 4133
Charlie Jack / Katerina Parker / Elfie Petropavlovsk@hudsonsandler.com
Kent
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