Petropavlovsk cuts its gold targets by less than feared

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDo It Houses[Pic] The Most Remarkable Dress Outfits EverDo It Housesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Petropavlovsk cuts its gold targets by less than feared Tags: NULL RUSSIAN miner Petropavlovsk cut its gold production target for the year by less than expected, helping to outweigh disappointing interim results.It cut its gold output guidance by around 40,000 ounces for the year, to 636,500 to 670,000 ounces.Many analysts had already factored in lower production, pushing the shares down 11 per cent since the group announced first-half output of 166,300 ounces in July. “While disappointing, we believe fears over a miss and an even worse production downgrade have been priced in during the run-up to results,” said Liberum Capital, adding that it expected a material improvement in the second half.Shares closed 4.4 per cent up at £10.19 in London trading yesterday. The company posted a net loss of $56.2m (£36.2m) for the six months through June, compared to a profit of $74.m in the same period last year. Sales slid 8.6 per cent to $195.7m, thanks to lower grades of precious metal emerging from existing mines. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share center_img whatsapp Thursday 26 August 2010 8:12 pm Show Comments ▼ whatsapp KCS-content last_img

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