PROFIT & LOSS

Petropavlovsk H1 revenues drop

London-listed gold miner Petropavlovsk has reported a 33% drop in first-half revenues from its Russia-focused portfolio to US$352 million, as it continues to transition toward greater refractory ore processing.

Staff reporter
 Petropavlovsk's Pokrovskiy POX hub holds the key to the company's future production efforts

Petropavlovsk's Pokrovskiy POX hub holds the key to the company's future production efforts

The revenue drop was down to previously reported production from its own mines of 158,300oz - a 26% fall year-on-year - though Petropavlovsk chief executive Denis Alexandro said improving production numbers...

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