In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015.
According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million.
Gold manufacture prime cost dropped by 12%, to $660 per ounce.
As of the end of 2016 the company net debt totaled $598.6 million.
Last year the group produced 416.3 thousand ounces of gold. This year Petropavlovsk plans to produce at east 460 thousand ounces of gold. (Ukrainian metal)