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Petropavlovsk Q1 Gold Production Declines

Petropavlovsk plc. (POG.L) reported that its total gold production for the first-quarter was 95.6 thousand ounce, a decrease of 49% from last year.

Own mined gold production was 82.4 thousand ounce compared to 102.0 thousand ounce in the previous year.

Quarterly gold sales were 95.6 thousand ounce compared to 162.5 thousand ounce in the prior year.

The company expects total 2021 gold production of 430 thousand ounce - 470 thousand ounce, comprising own gold production of 370 thousand ounce - 390 thousand ounce and gold production from third-party concentrate of 60 thousand ounce - 80 thousand ounce.

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