RE: 3p Incoming22 Apr 2022 10:04
The Russian gold miner - which has been dumped from the FTSE 250 since the start of the war in Ukraine - said, at the moment, there are no direct sanctions on the company or any of its subsidiaries. It did, however, note it is prohibited from selling gold to Gazprombank, a lender to Petropavlovsk which had acted as the main off-taker for the company's production
"The group continues to explore options for the sale of its gold, including to other potential buyers, and has applied for a new licence to export gold," it added.