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Polyus is likely to produce around four times as much gold in 2020 as POG, yet it's valued 30 times more than POG at 16 billion dollars. POG is ripe for a re-valuation imo.

POG is likely to make record profits this year too. AISC probably less than $1000/oz and the gold prises above $1500, EBIT could be over $300m. GLA

That equates to $15.65 per oz. No bad at all.

1,182,000 ounces gold for $14.5m = less than $13 an 0ze actually.

Merger and acquisition (M&A) activity in the gold mining sector is expected to continue into 2020 amid increasing consolidation and risk-sharing trends, a new report by Fitch Solutions Macro Research indicates.

http://m.miningweekly.com/article/gold-miners-expected-to-continue-ma-spree-in-2020-2019-12-11/rep_id:3861

Gold miners expected to continue M&A spree in 2020

http://m.miningweekly.com/article/gold-miners-expected-to-continue-ma-spree-in-2020-2019-12-11/rep_id:3861

Analyst conference call and presentation

Shanta Gold will host an analyst conference call and presentation today, 10 February 2020, at 09:30 GMT. Participants can access the call by dialling one of the following numbers below approximately 10 minutes prior to the start of the call.

UK Toll-Free Number: 08003589473
UK Toll Number: +44 3333000804
PIN: 53866913#

"We are excited that UGC has decided to invest in our business at this pivotal point of our development and welcome its president and founder Mr Konstantin Strukov as our new major shareholder. His investment is a strong endorsement of our strategy and operational success given that UGC is well respected in the Russian gold mining industry for its operating capabilities. With our ongoing focus on delivering shareholder value by maximising cash flow through further development and optimising the capacity of our POX Hub, it is positive to have a shareholder with such knowledge, experience and expertise in the Russian gold mining industry. We are confident that our ambition of becoming a leader in the mining and processing of refractory gold ores in Russia is supported by both Mr Strukhov and the company he founded, and we look forward to exploring the potential for future cooperation to ensure the continued strong growth of Petropavlovsk's share in Russian gold mining industry for the benefit of all our stakeholders".

“The West Kenya acquisition is significant for Shanta Gold, creating an East African Gold mining champion with realisable growth prospects and high asset quality across three attractive gold projects.”

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14416251.html

They said "at least "20% of the previous years total, so it'l be more than 0.672p.

MOSCOW, Feb 7 - RIA News / Prime. Yuzhuralzoloto GK JSC (SGC) has completed a deal to purchase from Aeon Corporation (structure of Roman Trotsenko) a 28.34% stake in Petropavlovsk Plc, and sees significant prospects for further growth, the group said.

The acquired share consists of 22.37% of the shares of the authorized capital, and convertible bonds, which constitute another 5.97% of the authorized capital after conversion.

“The decision to acquire a stake in Petropavlovsk was made in accordance with our company's investment strategy,” said Konstantin Strukov, President of SGC.

“We believe in the great growth potential of Petropavlovsk and in the prospect of deposits in the regions of the Far East. In addition, Petropavlovsk has a unique technology for autoclave leaching of refractory gold-bearing ores unique to Russia. The Pokrovsky autoclave complex demonstrates good technical performance, and our board of directors expects that this technology , which allows the development of hard ore deposits, will bring gold mining in Russia to a fundamentally new level of growth, "Strukov added.

Petropavlovsk Plc is one of the top five Russian companies in terms of gold production. The main assets are concentrated in the Amur Region, where four mining and hydrometallurgical plants operate - Pokrovsky mine, Pioneer, Malomyr and Albyn. In 2019, the company's enterprises increased gold production by 39% to 16 tons.

It's likely to be a win win for both Uzhuralzoloto and POG imo.

"Henry Sanderson in London September 10 2019"

Russian gold miner Petropavlovsk said it is looking at acquiring more gold mines in the country, after it swung to profit in the first half of this year.

Chief executive Pavel Maslovskiy said the London-listed miner is looking at high-grade deposits with at least 2m ounces to feed its newly built processing plant.

“There are lots of targets in Russia?.?.?.?we are thoroughly looking at them,” he said."

The bank is planning to replace its long-term incentive plan (LTIP) for top executives with an arrangement that pays out a "set number of shares".

It should encourage Antonio Horta-Osorio to do things that raise the share price hopefully.

Data just released from the World Gold Council illustrates the strength of investor interest. Total holdings in global gold-backed ETFs rose by 61 tonnes in January, it said, with strong demand in Europe and North America offsetting a marginal fall in Asian buying interest.

With gold at the current price, you can't go wrong with this share imo.

When Pavel purchased over 17million shares only a month ago , he would have known something.

Mr Strukov has a major the gold mining business in russia,so if he's thinking of making a bid for this company and belives the gold price will continue to rise, he would have happily paid a premium.

I would like to know the price Konstantin Strukov paid for these shares.

KVZR

Anything in the Russian press.