In January-September Petropavlovsk PLC produced 342.3 thousand ounces of gold, up by 23.4% YoY.
The increase is due to the growth of output at Malomyr and Albyn mines because of the higher gold content in ore, as well as processing of concentrate at Pokrovsky combine, which started in July.
This year Petropavlovsk intends to produce 400-500 thousand ounces of gold.
In 9 months the company sold 351.4 thousand ounces, up by 23.6%, mostly due to the increase of sales in Q3 by 53%, to 126.4 thousand ounces. (Ukrainian metal)