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Pin to quick picksPetropavlovsk Share News (POG)

Share Price Information for Petropavlovsk (POG)

London Stock Exchange
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Share Price: 21.84
Bid: 21.96
Ask: 22.02
Change: 0.00 (0.00%)
Spread: 0.06 (0.27%)
Open: 22.38
High: 22.40
Low: 21.84
Yest. Close: 22.04
POG Live PriceLast checked at -

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Cannaccord Genuity stays at 'speculative buy' on Petropavlovsk

Tue, 10th Sep 2019 14:34

(Sharecast News) - Cannacord Genuity reiterated its 'speculative buy' recommendation for shares of Petropavlovsk ahead of the miner's Capital Markets Day, telling clients that the company's latest interims showed that its operational and financial recovery was continuing.
They key to Petropvalovsk's first half results had been the smooth ramp-up of production at its Pressure Oxidation Hub (POX), so that over 40.0% of the company's earnings before interest, taxes, depreciation and amortisation was now generated from the refractory ores at the Malomir mine.

It had also allowed the firm to lower its guidance for full-year total cash costs from $850.0-950.0/oz. to $750.0-850.0/oz..

And with a new flotation line being built at Pioneer, the miner would be able to double its refractory ore processing capacity from 3.6 metric tonnes per year to 7.2Mtpa and process increased amounts of third-party concentrates.

The Canadian broker also highlighted the return last June to Petropavlovsk of Pavel Maslovskiy as its chief executive officer, Alexey Dubynin as its finance director and the appointment of three new non-executive directors in the final three months of 2018.

Canaccord analyst Nick Hatch kept his target price for the shares at 12.0p.

More News

Petropavlovsk affirms production guidance despite uninspiring half

Petropavlovsk affirms production guidance despite uninspiring half

21 Jul 21 11:07

Petropavlovsk posts 39% drop in H1 output

(Sharecast News) - Gold miner Petropavlovsk reported a 39% drop in first-half output on Wednesday but stated a higher gold price had partially offset the impact.

21 Jul 21 09:59

Petropavlovsk portfolio mine fined by Russian regulator remains open

Petropavlovsk portfolio mine fined by Russian regulator remains open

14 Jul 21 13:52

IN BRIEF: Petropavlovsk in USD200 million tender offer for 2022 notes

IN BRIEF: Petropavlovsk in USD200 million tender offer for 2022 notes

14 Jul 21 06:52

Petropavlovsk chief executive to remain despite ejection from board

Petropavlovsk chief executive to remain despite ejection from board

1 Jul 21 14:08

Petropavlovsk review finds $157m of dubious transactions

(Sharecast News) - A review of Petropavlovsk's business has found $157m (£113m) of transactions that raised questions about undisclosed related parties and potential conflicts of interest.

24 Jun 21 12:45

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

23 Jun 21 16:09

Petropavlovsk portfolio company faces Russian legal action over mine

Petropavlovsk portfolio company faces Russian legal action over mine

4 Jun 21 10:34

Petropavlovsk investee in the firing line of Russian regulator

(Sharecast News) - Petropavlovsk said on Friday that IRC, the producer and developer of industrial commodities in which it is a significant shareholder owning 31.1%, has updated it on operations at its wholly-owned subsidiary Kimkano-Sutarsky Mining and Beneficiation Plant (K&S).

4 Jun 21 08:03

UPDATE 2-Nordgold targets up to $5 bln valuation in twin IPO, say sources

(Adds potential valuation, quotes from sources, background)By Polina Devitt and Abhinav RamnarayanMOSCOW, June 3 (Reuters) - Russia-focused gold producer Nordgold plans an initial public offering (IPO) of at least 25% of its existing shares in Lond...

3 Jun 21 08:08

Petropavlovsk launches second plant to refine gold ore at Pioneer mine

Petropavlovsk launches second plant to refine gold ore at Pioneer mine

1 Jun 21 11:45

Petropavlovsk launches Pioneer gold flotation plant

(Sharecast News) - Petropavlovsk announced the technical launch of the Pioneer flotation plant on Tuesday, which is its second facility for processing refractory gold ore and producing flotation concentrate.

1 Jun 21 08:52

IN BRIEF: Petropavlovsk gets GPB consent for IRC guarantee termination

IN BRIEF: Petropavlovsk gets GPB consent for IRC guarantee termination

25 May 21 21:28

Petropavlovsk revenue lifted by gold prices, write-down hurts profit

Petropavlovsk revenue lifted by gold prices, write-down hurts profit

17 May 21 08:54

Petropavlovsk swings to FY loss despite increased gold production

(Sharecast News) - Gold miner Petropavlovsk posted a full-year loss of $48.9m, despite an increase in gold production boosting both revenues and underlying earnings.

17 May 21 08:05

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