7th Jul 2014 11:07
LONDON (Alliance News) - Petropavlovsk PLC Monday said it is performing operationally in accordance with its strategic plan and budget and maintained its guidance for 2014 total production of 625,000 ounces of gold, responding to recent weakness in its share price.
Although Petropavlovsk shares were Monday quoted up by 2.3% at 34.00 pence, they have come down from as much as 47.22 pence on July 1.
In addition, the company invited the holders of its 4.00% guaranteed convertible bonds due 2015 to approach either it or its advisers.
Petropavlovsk is due to update the market on trading on July 22, while its first-half results are due on August 28.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
POG.L