In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces.
The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce.
Gold sales totaled 439.8 thousand ounces at the average price of $1262 per ounce.
Petropavlovsk Plc is one of the largest gold producers in Russia. Its main assets are in the Amur region: Pokrovsky Mine, Pioner, Malomyr and Albyn. (Ukrainian metal)