In January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons).
According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces.
The average price grew by 4%, to $1295 per ounce.
This year the company intends to obtain 420-460 thousand ounces of gold.
Petropavlovsk Plc is one of the 5 largest gold-extracting companies in Russia. Its main assets are situated in Amur region. (Ukrainian metal)