Petropavlovsk’s key area of focus is the Amur region of the Russian Far East, a location which offers well-developed infrastructure, access to hydroelectric power and a strong mining tradition. In December 2018, Petropavlovsk poured the first gold recovered from processing concentrate through the autoclaves at the newly commissioned POX Hub. This state-of-the-art facility unlocks the value embedded within Company’s c.5.3Moz of refractory reserves.
Newly commissioned state-of-the-art POX Hub at the former site of the Pokrovskiy mine
Malomir flotation plant completed, flotation concentrate production has commenced with concentrate grade more than 40% higher than originally budgeted
Three mining centers with open pits and additional underground operations at Pioneer and Malomir. The Group has produced c.7.1Moz of gold to 31 December 2018
Long life JORC Resources base of c.20.5Moz, including Reserves of c.8.2Moz
FY2018 gold production of c.422koz (with sales of c.370koz)
Significant refractory exploration targets
c.US$270 million market cap as at 31 December 2018