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

cheers GF.

My RI shares are in profit already! Let the good times roll!!! ;o)

Indicators turning up and a nice gap to be filled.

Yes - I like the one @80 - 85p :-)

That's a bit bl**dy greedy!!! I was targeting 13p.

Got some at 4.6.....one to watch....might be a superb recovery here,.. on the way....

Seems a bit reluctant.......so far!

Gold rising might send this higher....

RF - Gold price and POG sp have seldom moved in tandem.

We shall see...but a serious rise might be coming.....

Prudential plc group of companies > 9%

when is the results?
Any expectation?

This should be a good one to trade in and out.....Afren might be the same as well...but we need rises in gold and crude...

Citigroup reiterates sell on Petropavlovsk, target raised from 4p to 5p.

Conditional Sale of Non-Core Assets

AFAIK shareholders whp let their rights lapse got nothing.
Personally, I always think this is not a good sign.

Final Results

2014 Financial Highlights
n A 15% reduction in Total Average Cash Costs per ounce ("TCC/oz") to US$865/oz (2013: US$1,016/oz)
n The Group is disclosing All-In Sustaining Costs ("AISC") and All-In Costs ("AIC") for the first time. In 2014, the Group achieved a 22% reduction in AISC (US$970/oz for 2014 vs. US$1,248/oz for 2013) and a 24% reduction in AIC (US$1,088/oz in 2014 vs. US$1,439/oz in 2013)
n Positive contribution from hedging activities of US$66/oz (2013: US$146/oz) to the average realised gold price of US$1,331/oz (2013: US$1,519/oz)
n A further 17% reduction in central administration costs to US$38.2 million (2013: US$45.8 million)
n A c.60% reduction in total capital expenditure for gold division to US$97 million (US$237 million) in line with guidance
n Underlying EBITDA of US$252 million (2013: US$325 million)
n Adjusted net profit from continuing operations of US$4.4 million, compared with US$(1.5) million loss in 2013
n Reduced net loss of US$348m (2013: US$713m) mainly due to the improvement in operating costs and significant decrease in impairment charges. The loss is substantially attributable to non-cash items such as foreign exchange losses, related deferred tax and losses from discontinued operations (IRC)
n A further decrease in working capital of US$60 million as a result of continued optimisation mainly due to decrease in ore stockpiles and in stores and spares
n Net cash flow from operating activities from continuing operations of US$169 million (2013: US$292 million)
n Net debt as of 31 December 2014 of US$930 million
n Forward contracts to sell 50,000oz of gold at an average price of US$1,310/oz outstanding as at 31 December 2014. In October 2014 the Group acquired 150,000 oz of gold put options with a strike price of US$1,150/oz acquired as part of a downside protection strategy and maturing in the first half of 2015

Operational and Exploration Highlights
n Full-year 2014 production delivered: 624,500oz of gold in line with the Company's guidance
n 38% increase in gold production at Albyn - the backbone of the Group's future production expansion
n Significant decrease in mining and processing costs per unit at each of the Group's mines, apart from mining costs at Albyn due to the planned development of the pit
n Successful exploration identified c.1.3Moz of additional non-refractory JORC Ore Reserves, more than offsetting 2014 mine depletion
n At a non-refractory zone, Andreevskaya, high-grade extensions discovered adding c.100,000oz to JORC Mineral Resources at an average grade of c.34g/t suitable for open-pit extraction and processing at the Pioneer resin-in-pulp ("RIP") plant
n An increase at Alexandra and Shirokaya of c.510,000oz of contained gold in the Measured and Indicated Resource categories and c.256,000oz in Probable Ore Reserves

Strategic Review Concluded
n Focus on net debt reduction by maximising operating margins and free cash flows
n Conservative borrowing policy with a medium-term Net Debt/EBITDA target of 1.5:1
n Further 10-15% reduction in operating costs in 2015 planned using a systematic analysis of operating processes and capabilities to develop an optimal, sustainable operating model for each mine:
o incorporating standardised operating systems
o implementation of new cost-saving technologies
o optimisation of management efficiency
o optimisation of procurement
o outsourcing
n Optimised capital allocation

Corporate Highlights
n Refinancing plan completed on 18 March 2015, consisting of:
o A pre-emptive 157 for 10 Rights Issue at £0.05 per Ordinary Share
o A new, five-year US$100 million convertible bond
n Post-Refinancing net debt reduced down to US$707 million (unaudited) as at 31 March 2015
n The Company signed definitive waiver documentation with its senior lenders for waivers and relaxations of its key financial covenants for the periods from 31 December 2014 to and inclusive of 31 December 2015
n Reduction of the size of the Board of Directors to three executive Directors and four Non-Executive Directors due to the reduced size of the Company's market capitalisation
n In April 2015, a conditional Share Purchase Agreement concluded to sell interest in a non-core high cost alluvial gold deposits company, Joint-stock gold-mining company Koboldo ("Koboldo"), for RUB 942 million (c.US$18.7 million ) plus reimbursement of VAT for the Q4 2014. The production from these assets is not included in the Company's 2015 production target

Q1 2015 Highlights
n Gold production of 112,800oz, 29% lower than in the comparative period (Q1 2014: 159,100oz), due to a scheduled 28% decrease in average grades while mine sites focused on stripping high-grade areas for mining in H2
n Gold sales of 110,600oz, 31% lower than in the comparative period (Q1 2014: 161,200oz)
n Average realised gold sales price of US$1,217/oz, 13% lower than in the comparative period (2014: US$1,403/oz), including a US$5/oz negative contribution from the protective hedging position of the Group
n Further non-refractory satellite deposit - Afanasevskaya - confirmed. C.15km away from Albyn plant; initial exploration has yielded very promising results
n Estimated consolidated net debt as at 31 March 2015 of US$707 million (unaudited), US$223 million lower than 31 December 2014, in line with the Group's previous guidance and reflecting the Group's continued focus on cost reduction and operational efficiency


more....

Blimey - I'm actually just in the money on these.

Lovely. I bought a load at 5p......as a speculative punt, so just as happy.....possibly even a tad more so! ;o)

Just spotted this from yesterday:
"Canaccord Genuity has upgraded its investment rating on gold miner Petropavlovsk (LON:POG) to 'speculative buy' from 'hold', following today's results announcement and despite cutting its price target to 10 pence a share from 14 pence.

The broker said: "The valuation is sensitive to a number of factors, including the gold price, cost assumptions, exploration success (i.e. any additional non-refractory ore that extends mine-life) and currently unsanctioned projects, and as such we recommend potential investors view Petropavlovsk as a highly leveraged option on gold."

Separately, SP Angel repeated its 'buy' recommendation, commenting: "Earnings are marginally better than our estimates on the back of lower operating cash costs.

"Adjusting for FX related charges and impairments, the Company broke even in FY14, but more importantly remained cash generative at the operating level."

Small steps, but in the right direction!