Petropavlovsk PLC IRC Announcement (6722U)
31 Julio 2020 - 01:00AM
UK Regulatory
TIDMPOG
RNS Number : 6722U
Petropavlovsk PLC
31 July 2020
31 July 2020
Petropavlovsk PLC
IRC Announcement: Q2 2020 Trading Update
Petropavlovsk PLC (the "Company"), wishes to notify that IRC
Limited ("IRC"), a producer and developer of industrial commodities
in which the Company is a significant shareholder (31.1%), has
today made an announcement regarding its trading activities for Q2
2020.
In particular, the Company wishes to highlight that c.US$9.4
million has been paid during the quarter by IRC to Gazprombank as
principal repayment and interest. This is in accordance with the
repayment schedule for the facility agreements guaranteed by
Petropavlovsk.
The full text of the announcement may be found on the website of
IRC at http://www.ircgroup.com.hk/en/ir_announcements.php .
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 21.03Moz Au which
include Reserves of 8.46Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350
and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East. Petropavlovsk has
produced a total of c.7.9Moz of gold since operations began in 1994
and has a strong track record of mine development, expansion and
asset optimisation.
The Group recently entered a new era of growth following the
successful commissioning and start-up of its flagship asset, the
Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the
processing of the Company's abundant refractory reserves and
resources.
Petropavlovsk is one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovsk.net or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@petropavlovsk.net
Kim
Peel Hunt LLP
Ross Allister / David McKeown / Alexander
Allen +44 (0) 20 7418 8900
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com
Peretz
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END
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