21st May 2013 09:15
21 May 2013
Notice of Hedging
Petropavlovsk PLC ("the Company" or, together with its subsidiaries, the "Group") announces that the Group has entered into hedging arrangements to sell 96,000 ounces of gold over a period of three months ending in June 2014 at an average price of US$1,408 per ounce. This represents approximately 55% of the Group's forecast production for the period.
These arrangements are in response to the volatility in the gold price, which the Company will continue to monitor, and are in addition to the hedging announced on 15 February 2013. These arrangements do not reflect the Company's view of the likely future course of the US$ gold price.
Enquiries
|
Petropavlovsk PLC Alya Samokhvalova Rachel Tuft
|
+44 (0) 20 7201 8900
|
| |
|
Maitland Neil Bennett George Trefgarne Seda Ambartsumian |
+44 (0)20 7379 5151
|
| |
Related Shares:
POG.L