Petropavlovsk PLC

Petropavlovsk PLC
legal form	Public company (PLC)
ISIN	GB0031544546
founding	1994
Seat	London , Moscow
management	Peter Hambro ( Chairman of the Board )
Number of employees	8,499 (2014)
sales	US $ 865 million (2014)
Branch	Gold mining
Website	www.petropavlovsk.net

Petropavlovsk PLC ( Russian Петропавловск ) is a gold mining company that operates exclusively in Russia , but is based in London. Petropavlovsk is listed on the London Stock Exchange (LSE: Ticker POG).

history

Peter Hambro Mining was founded in 1994 as a British-Russian company by Peter Hambro and Pavel Maslovskiy for the purpose of gold mining in the Russian Amur region . A license was obtained to develop the Pokrovskiy gold ore deposit, which is located in the western part of the Amur region, approx. 10 km away from the next station of the Trans-Siberian Railway . The gold mine started production in 1999 and had produced around 2 million oz of gold by 2015.

In 2001 the mining license for the Pioneer deposit, also in the Amur region, approx. 30 km from Pokrovskiy, was acquired. Peter Hambro Mining was brought to the alternative investment market to finance the mining. The Pioneer Mine started production in 2008. With an annual gold production of over 300,000 oz, it is the largest gold mine in the Amur region. The following year Aricom was acquired, the company's shares were listed on the London Stock Exchange and the name was finally changed to Petropavlovsk plc in September 2009.

In 2003 and 2005, also in the Amur region, the Malomir and Albyn gold deposits were acquired, which then started production in 2010 and 2011.

Mines

The company owned 4 mines in 2014, all of which were open-cast mining. All mines are located in the Amur region in the south-eastern part of Russia, approx. 10,000 km from Moscow.

Albyn
The Albyn deposit was acquired in 2005. Production started in 2011.

Malomir
Malomir was bought as a "greenfield" exploration area in 2003; production started in 2010.

Pioneer
Pioneer is the largest gold mine in the Far East. It was acquired in 2001 and started production seven years later in 2008.

Pokrovskiy
Pokrovskiy was the company's first mine. The funding rights were obtained in 1994 and production could start 5 years later. By 2014 the mine had produced more than 1.7 million oz. Won gold.

production

The company operates exclusively in Russia. In addition to the 4 mines mentioned above, a small amount of gold is also extracted from rivers (alluvial).

SURNAME	country	PROPORTION OF	PRODUCTION 2014 in oz	RESERVES (P + P) in 000 oz	Total cash cost in US $
Albyn	RUS	100%	186,000	1,400	$ 830
Malomir	RUS	100%	82.00	3,100	$ 1,031
Pioneer	RUS	100%	263,000	2,910	$ 818
Pokrovskiy	RUS	100%	64,200	400	$ 885
Alluvial	RUS	100%	29,100	210	$ 982
total			625,000	9,200	$ 889

Source: Petropavlovsk Annual Report 2014

Web links

• Petropavlovsk PLC

Individual evidence

1. ↑ Petropavlovsk Annual Report 2014 ( Memento of the original from January 6, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF file), accessed January 6, 2016 
2. ↑ Peter Hambro Mining at the London Alternative Investment Market AIM. (PDF) (No longer available online.) Archived from the original on January 7, 2016 ; accessed on January 7, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  
3. ↑ Petropavlovsk plc Annual Report 2010. (PDF) (No longer available online.) Formerly in the original ; accessed on January 7, 2016 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.    
4. ↑ Further key figures on Petropavlovsk. Retrieved January 7, 2016 .