http://www.kitco.com/charts/livegold.html

cheers GF.

StockMarketWire.com
Petropavlovsk PLC has issued an interim management statement for the period from 1 July 2011 to date, showing the Group's total attributable gold production for Q3 2011 was 228,100oz, a 65% increase on the same period in 2010 and a 59% increase compared to Q2 2011.

The Group's total attributable gold production during the first nine months of the year totalled 447,200oz, 47% higher than the equivalent period in 2010;

Good performance at Pioneer, Malomir and Pokrovskiy continues through October with all mines on schedule, and accordingly the Group is confident of meeting its full-year production target of 600,000oz.

Commenting on the announcement, Peter Hambro, Chairman, said: "I am delighted to report that the Group has enjoyed another strong quarter, delivering record production levels which see us on track to achieve our annual production targets.

"This was a result of a significant improvement in the Group's operational performance and efficiencies at every site when compared to the previous year, including a 15% increase in total volumes of mining works at Pioneer compared to the beginning of the year.

"With Albyn nearing completion and our POX hub development progressing well, our development plans are also on track.

"Our balance sheet is healthy and has again been strengthened by the strong gold price environment during this year and an additional significant facility from VTB Group.

"In the context of the high volatility and still uncertain outlook in the international markets, it is pleasing to be reporting such a strong performance, and a confident operational outlook for the full year."

Credit Suisse reiterates: outperform and 1000p TP.

Questor in the Telegraph after POG interim statement last week:

http://uk.finance.yahoo.com/news/Questor-share-tip-tele-2172155321.html?x=0

chart is an awful lot healthier than it was, but take good note how 200 dma has proved a hurdle too high in the past

StockMarketWire.com
Petropavlovsk has commissioned its fourth hard-rock gold mine, Albyn.

The mine, located in the north-east of the Amur region, is relatively close to the group's other gold assets and has been commissioned ahead of schedule.

Albyn - in common with the group's other gold mines, Pokrovskiy, Pioneer and Malomir - is an open-pit mine and will be extracting gold using resin-in-pulp treatment.

The first processing line commissioned today (25 November) has a design capacity of 1.8Mt of ore per annum.

The commissioning of the second line is expected to be brought forward to the fourth quarter of 2012 from the previously planned 2014.

When both processing lines are in operation, the total capacity of the mine is expected to run at a throughput rate of 3.6Mt of ore per annum.

Technical director Martin Smith said: "The commissioning of a fourth mine is a significant achievement for the group's team, demonstrating yet again the group's strength in developing greenfield sites into producing gold mines within very competitive time-frames.

"Building a mine in a remote area like this is not easy and in the case of Albyn the team had to deal with a number of infrastructure challenges.

"In spite of this, we managed to commission the mine ahead of schedule."

[VERY handy having a friend in high places!!!]

"Dr. Pavel Maslovskiy Becomes a Senator
Petropavlovsk PLC is proud to announce that its Chief Executive Officer, Dr. Pavel Maslovskiy, having been elected a member of the Amur Region Duma (the regional parliament of the Amur Region) on 4th December 2011, has in turn been nominated by this body to be a Senator and Member of the Federation Council of Russia (Upper House of the Russian Parliament). The Petropavlovsk Board of Directors, the managers and the employees are delighted to congratulate Senator Maslovskiy on his appointments which recognise the important role both he and the Company he created have played in the development of the Amur Region's economy over the past 18 years.

As a consequence of this appointment, Senator Maslovskiy has advised the Board that in order to take up his parliamentary responsibilities he will have to relinquish, for so long as he holds this office, his Petropavlovsk directorship and resign from his longstanding role as Chief Executive Officer. Under Russian law, Senators are prohibited from holding a business office that is remunerated or which has a management as opposed to an advisory role and there are restrictions on the ownership of business assets where conflicts of interest occur. Senator Maslovskiy will similarly retire from the board of IRC Ltd, a publicly quoted Hong Kong subsidiary company, which is developing the Group's iron ore business.

Accordingly, in order to retain the benefit of Senator Maslovskiy's knowledge and experience, the Board has conferred on him the title of Honorary President. In this capacity, which will not be remunerated, Senator Maslovskiy will be able to advise the new CEO and also attend but not vote at meetings of the Board."

Notice of Trading Update
17 January 2012

Petropavlovsk PLC ("Petropavlovsk" or the "Company") is pleased to announce that it will be releasing its full year and fourth quarter trading update on Thursday, 26 January 2012.

There will be a conference call to discuss the announcement at 9.30 (GMT) on 26 January 2012.

there is certainly potential upside of about 50p to where 200 dma awaits .... unfortunately, sp has regularly failed at that point

Also, the mining sector is doing rather better of late.

When peers e.g RRS rise on a good day for gold, POG doesn't
do much, but when they fall POG invariably also falls.
700 seems to have become a major hurdle at the moment.

From Dan Coatsworth in this week's Shares Mag:
"BUY RUSSIAN BASED Petropavlovsk (POG) ahead of next week’s fourth-quarter results (26 Jan), where a repeat of output levels seen in the previous three-month period would see it comfortably beat annual production forecasts. This would be a significant share price catalyst at Petropavlovsk whose reputation for disappointing on production is the result of numerous downgrades over the past few years. A good comparison is Finnish nickel miner Talvivaara (TALV) which jumped by 28% to 255.3p (3 Jan) upon saying it had achieved its annual production goal, even though targets had been downgraded several times in 2011. Petropavlovsk is targeting 600,000 ounces of gold for 2011. It produced 447,200 ounces in the first nine months, so the final quarter needs to deliver at least 153,000 ounces. Between July and September it achieved 228,100 ounces.
Shares says: Predicting output rates is always high risk, yet the miner’s target looks achievable. BUY"

if shares mag says buy, it must be the kiss of death

POG production has actually beaten forecast for a change .... let's hope market likes

and yes the market does - a lot!

impetus through 745/750 is now required and to be held if there is to be a genuine upsurge in this top quality but underperforming miner

StockMarketWire.com
Petropavlovsk Group's total attributable gold production for 2011 amounted to 630,100oz, exceeding the Group's full year production target of 600,000oz and a 24% increase compared to 2010.

Total gold sold during 2011 was 676,000oz, a 51% increase compared to 2010. The strong sales figures reflect the high amount of gold sold at the start of the year as a result of the Group's high production levels in Q4 2010;

Production at the Group's flagship mine, Pioneer, yielded 359,100oz representing a 56% increase from 2010 following effective improvements to mining operations.

Following successful commissioning in November 2011, the plant at Albyn has been ramping up steadily as planned and produced its first gold in December 2011;

Pokrovskiy, Malomir and the alluvial operations performed broadly in line with management's expectations.

Commenting on the announcement, Sergey Ermolenko, CEO, said: "2011 was a successful year for the Group. We produced 630,100oz, beating our previous record by 24% and exceeding the guidance we gave at the start of the year.

"Our production success was achieved, in part, thanks to the improved performance of our flagship mine at Pioneer, where management was able to resolve the problems and difficulties experienced in 2010, bringing the mine to world-class standards of efficiency in its operation and production.

During the year, the stripping backlog at Pioneer was cleared. The enhanced production capability is an important achievement for the future as exploration works at Pioneer continued to delineate new reserves and resources, thereby extending the potential mine life.

"The resultant enhanced capacity at the mine will stand us in good stead for the future, particularly as exploration works at Pioneer have continued to delineate new reserves and resources, thereby extending the potential mine life."

good innit!! (784 = +87p)

Yep, but all the miners had a good day. I'm in VED, but wish I was in others in this sector.

as i only bought (back in) about a week ago, i'm a very happy bunny

Yes indeed bet you are cyners. hows it going old mucker?.

yes I know less of the old.

hi sticky ..... slowly rebuilding my mangled "pot", but lots of other exciting things been happening in my life over the last 12 months ..... all now starting to come together, but it's been a bit hairy-scary at times