logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast-food giant McDonald's said it will be raising hourly wages for more than 36,500 hardworking employees at McDonald's-owned restaurants by an average of 10 percent to make it among the industry-leading pay and benefits package. These increases, which have already begun, will be rolled out over the next several months. Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,... General Mills Inc. (GIS) agreed to buy Tyson Foods' (TSN) pet treats business for $1.2 billion in cash, the companies said in a statement on Friday. The transaction includes the Nudges, Top Chews and True Chews brands. General Mills will also acquire a manufacturing facility in Independence, Iowa.
RELATED NEWS
Follow RTT