{"id":15623,"date":"2012-10-16T18:05:36","date_gmt":"2012-10-16T16:05:36","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-1-petropavlovsk-says-on-track-to-meet-gold-target\/"},"modified":"2012-10-16T18:05:36","modified_gmt":"2012-10-16T16:05:36","slug":"update-1-petropavlovsk-says-on-track-to-meet-gold-target","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-petropavlovsk-says-on-track-to-meet-gold-target\/","title":{"rendered":"UPDATE 1-Petropavlovsk says on track to meet gold target"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Petropavlovsk Q3 gold output rises 39 percent q-on-q<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* On track to produce at least 700,000 ounces in 2012<\/p>\n<p><span><\/span><\/p>\n<p>* Shares up 3 pct, outperforms FTSE 350 Mining index<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 16 (Reuters) &#8211; Russia-focused gold miner<br \/>\nPetropavlovsk is on track to meet its full-year output<br \/>\ntarget while keeping its costs flat, the company said on<br \/>\nTuesday, sending its shares up.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It will be at least 700,000 troy ounces as previously<br \/>\nplanned and announced but there is a potential for the company<br \/>\nto outperform if Pioneer and Pokrovskiy (mines) keep their good<br \/>\nperformance in the fourth quarter,&#8221; Peter Hambro, Chairman of<br \/>\nPetropavlovsk, told Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>The company&#8217;s third-quarter gold production reached 219,400<br \/>\nounces, 39 percent higher than the previous quarter, while its<br \/>\ntotal cash costs for the full year were expected to remain in<br \/>\nline with the first-half level.<\/p>\n<p><span><\/span><\/p>\n<p>Last year, the miner produced 630,100 ounces of gold.<\/p>\n<p><span><\/span><\/p>\n<p>Petropavlovsk&#8217;s London-listed shares rose 3.05 percent to<br \/>\n439.7 pence by 1209 GMT, compared with a 1.31 percent rise in<br \/>\nthe FTSE 350 Mining index.<\/p>\n<p><span><\/span><\/p>\n<p>Petropavlovsk&#8217;s growing debt pile and a larger-than-expected<br \/>\ncharge after investments in new mines dragged its net profit<br \/>\ndown 90 percent in the first half, sending its shares tumbling.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Petropavlovsk Q3 gold output rises 39 percent q-on-q * On track to produce at least 700,000 ounces in 2012 * Shares up 3 pct, outperforms FTSE 350 Mining index LONDON, Oct 16 (Reuters) &#8211; Russia-focused gold miner Petropavlovsk is on track to meet its full-year output target while keeping its costs flat, the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15623"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}