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

cheers GF.

Important letter to shareholders concerning Board changes and voting options:
http://www.petropavlovsk.net/images/stories/Documents%20and%20Circulars/Petropavlovsk_PLC_Chairmans_Letter_-_FINAL.pdf

Exploration Update
Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") is pleased to provide a further update on the results of exploration work completed during 2016 and 2017.

Dr Pavel Maslovskiy, Chief Executive, comments:
"Petropavlovsk was built on exploration success. Since 2002, we have discovered 31.4Moz of JORC Resources through exploration activities. This has allowed us to produce an impressive 6.3Moz of gold and created a solid base for future sustainable production growth. Using our regional knowledge and technical expertise, our team continues to prove our ability to unlock value through the drill bit.

We have been concentrating our exploration efforts on the discovery and development of mineral resources in the vicinity of our main producing assets, and on upgrading resources to ore reserves. We see new discoveries at our existing mines as the optimal way to ensure sustainability, growth and long term value. I am delighted to report a strong set of exploration results, which are encouraging at all levels including target generation, and to update you on our progress during 2017".

2016 Highlights:
§ 1.55Moz increase in JORC non-refractory reserves, including:
§ 340% increase in non-refractory JORC Reserves at Elginskoye (Albyn) to 1.24Moz, with feasibility study completed
§ First underground JORC Reserve of 370koz (all non-refractory)
o New Pioneer NE Bakhmut underground JORC reserve of 165koz @ 4.46g/t, supporting sustainable 6 year life of mine (LOM), with strong JORC reserve and resource expansion potential
o Quartzitovoye 1 (Malomir) represents new 207koz @ 5.85g/t underground reserve, supporting sustainable 6 year LOM, with further JORC reserve and resource expansion potential
§ Highly promising discovery within Pioneer license area - non-refractory deposit - Katrin
o Shallow orebody with 37m average thickness, 4g/t average grade structure, hosted within a 1km long mineralised zone
o Key 2017 target for non-refractory Reserve and Resource and near term production growth potential
§ Two new zones of mineralisation potentially suitable for open pit mining discovered near Pioneer NE Bakhmut pit No 2
§ Underground potential at extensions below Albyn open pit and near satellite deposits of Unglichikan, Ulgen and Yasnoye
§ 2017 - promising discovery
· In May 2017 underground developments at Quartzitovoye discovered previously unknown high grade zone with intersections of:

o 5.32m @ 69.9g/t

o 1.8m @ 42.9 g/t

o 1.01m @ 12.2 g/t

· Zone has current strike length of c.120m and remains open to south and in down-dip direction
· Group geologists think might be similar to high grade ore body 55, which was the main contributor of Quartzitovoye's total production to date of 615koz
· Group revising its drilling program at Quartzitovoye to give priority to exploration in this area

2017 Exploration Objectives:
§ Delineation and bringing non-refractory reserves into production that are suitable for rapid access and extraction via underground and open pit mining to improve short and mid term cash flow
§ Adding high quality refractory and non-refractory resources for potential open pit and underground extraction to facilitate sustainable production growth in the longer term
§ 2017 estimated exploration budget is US$16m.

StockMarketWire.com
Petropavlovsk announced a 19% year-on-year increase in total gold production in the first half of 2017. This was around 232,400oz compared to 195,600oz in the first half of 2016.

PRODUCTION HIGHLIGHTS
- Production forecast for full year production of c.420,000 - 460,000oz reconfirmed

- From the beginning of 2017, the Company moved to using gold poured as the definition for production

GOLD SALES
- 19% yoy increase in physical volumes of gold sold - c.231,800oz vs H1 2016 c.195,400oz

- 5% increase in average realised gold price - $1,255/oz, vs H1 2016 $1,194/oz

- As at 30 June 2017, the Group had outstanding hedging contracts for 500koz of gold at an average price of $1,252/oz

NET DEBT
- 5% reduction in net debt as at 30 June 2017 - c.$570m (preliminary unaudited) from $599m as at 31 December 2016

Executive Chairman Ian Ashby said: "The increase in production in first half was due to operational efficiencies.

"The operations are currently progressing in line with the company's plan.

"The wide range in the production forecast for the full year reflects the Company's conservative approach to the development of underground mines at Pioneer and Malomir.

"The development of the POX plant is currently progressing on schedule and on budget. Further exploration of new discoveries made in the last year continues.

"The Board's current focus is on the timely delivery of the company's stated objectives: development of the POX Hub; the commissioning of underground mining operations; and the optimisation of the company's capital structure.

"A more detailed update on the Group's operational progress and outlook will be included in the interim results announcement."

StockMarketWire.com
Petropavlovsk boosted third-quarter gold production by 1.6% and reiterated its full-year production guidance.

Gold output for the quarter rose to 104,000oz, from 102,400oz in the previous corresponding period.

Full-year production is still expected at between 420,000oz and 460,000oz

From Inv Ch:
"Back in December, director of Central Asia Metals and former majority shareholder in Kazakhstan’s largest bank Kenges Rakishev acquired a 22.4 per cent stake in the Russian gold miner Petropavlovsk. He met with the board for the first time this week to agitate for several strategic shifts in the wake of a boardroom coup that led to the ousting of chairman Peter Hambro, and the subsequent resignation of co-founder and chief executive Pavel Maslovskiy."

StockMarketWire.com
Petropavlovsk said it had achieved full-year gold production in line with guidance, while forecasting broadly flat growth in 2018.

Full year 2017 gold production was around 439,600 ounces, within guidance of 420,000-460,000oz.

The also company forecast production in 2018 of 420,000-460,000oz.

forget gold..just buy zinc...maestro knows

I though Lithium was the new wonder commodity?

zinc is not a prime commodity
copper is the true indicator of world economic health

StockMarketWire.com
Petropavlovsk has appointed Roman Deniskin as chief executive officer and director of Petropavlovsk PLC, effective from 16 April 2018.

Current interim CEO, Sergey Ermolenko, will step down from the board and return to his previous role as general director of Management Company Petropavlovsk.

Deniskin has extensive experience at strategic and senior operating levels within mining and industrial companies. He spent time working at global management consulting firms McKinsey & Company and Boston Consulting Group, focused primarily on metals and mining.

In his most recent role, he served as deputy chairman of Eurasian Resources Group, a diversified mining and smelting group based in Kazakhstan. Prior to this, Deniskin held senior positions at Rostec, MMK and Severstal Resources.

StockMarketWire.com
Petropavlovsk said it had increased the reserves estimate across its portfolio of assets by around 8%.

The company now had reserves of around 0.67m ounces of gold, while resources of 1.17m ounces were up around 6%.

Petropavlovsk said its estimated exploration budget for 2018 was $16m.

StockMarketWire.com
Gold miner Petropavlovsk said it was still struggling to determine the ultimate identity of the shareholders of an investor that was trying to roll its board.

The company has received a requisition letter from shareholders CABS Platform and Slevin calling on the removal of the current board members and their replacement with several former directors of the company.

CABS Platform, which owns 4.55% of the company, provided Petropavlovsk with a letter naming five individuals that were invested in Patia Trading, which the letter sad "as far as CABS is aware" held shares is CABS for the ultimate unrelated trust beneficiaries.

The letter, Petropavlovsk said, stated that Nikolai Lioustiger and Viktoriya Grynova have been appointed by CABS under limited powers of attorney to represent it in negotiations and correspondence, but without the power to make decisions on its behalf without prior approval.

The board is unclear who would give 'approval' if these individuals are indeed, as claimed, the beneficiaries, Petropavlovsk said.

'Unfortunately, this disclosure seems to be yet another veil of secrecy, and we expect there are further layers to be peeled back before the true identity of the controlling person(s) is revealed,' the company said.

'The board continues to be mystified by the extraordinary lengths at which the requisitioners are going to conceal the true source of control behind these offshore shell vehicles that invested only three months ago.'

'This secrecy should raise several concerns for shareholders ahead of the annual general meeting on 29 June 2018.'

'The board is looking further into the identities of these individuals and their backgrounds, and we will update shareholders if we are able to achieve more clarity.'

StockMarketWire.com
Mining group Petropavlovsk said it had received a letter of support from one of its largest shareholders, amid moves by two others to roll its board.

Sothic Capital Management UK, which owns 10.9% of the company, said it was strongly against replacing the current board as requested by CABS and Slevin.

'Sothic considers the so-called activist attempt by CABS and Slevin as being contrary to good corporate governance and one which could jeopardise the significant value potential of Petropavlovsk,' the letter stated.

if anyone read yesterday's ST, they would have quickly noted peter hambro's involvement with some very shady characters surrounding and the (failed) negotiation to buy a bunch of russian gold assets on the cheap

you have been warned

Response to letter from CABS Platform Limited ("CABS") and Slevin Ltd ("Slevin")
The Company has received letters from CABS, dated 13 June 2018, and from Slevin, dated 11 June 2018, in response to the letters sent by the Company dated 8 June 2018 requesting that CABS and Slevin rectify deficiencies in their responses dated 20 May 2018 and 1 June 2018, respectively and reveal to the Company any agreements or arrangements that exist in relation to the exercise of the voting rights of the Company.

CABS is a 4.55% shareholder in Petropavlovsk PLC which together with Slevin, a 4.55% shareholder have requisitioned resolutions at the Company's AGM. The proposed resolutions are to remove the entire Board, which is compliant with the UK Corporate Governance Code, and elect three former directors which the Board considers are not independent.

The letters reveal that the natural persons, shell companies and trusts behind CABS and Slevin are located or registered in Liechtenstein, British Virgin Islands (Tortola), Cyprus, Latvia, Russia, West Indies (Nevis and Anguilla) and Gibraltar.

http://www.moneyam.com/action/news/showArticle?id=6014102

StockMarketWire.com
Russia-focused miner Petropavlovsk posted a rise in fourth-quarter gold production, helping it to meet the bottom end of its annual guidance range.

Output for the three months through December rose to 118,00 ounces, up from 103,200 ounces on year.

Total gold production for 2018 was 422,300 ounces, in line with company guidance of 420,000-to-450,000 ounces, but below the 439,600 produced in 2017.

Petropavlovsk forecast a rise in 2019 gold production around around 450,000-to-500,000, subject to further POX plant development success.

Capex was estimated at $45m-to-$50m.