HARRYCAT
- 23 Jan 2019 11:32
- 2076 of 2076
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.