April 24, 2018 / 6:08 AM / a month ago

BRIEF-Petropavlovsk Q1 Total Gold Production Down C.5% YOY

April 24 (Reuters) - Petropavlovsk PLC:

* Q1 TOTAL GOLD SOLD FOR QUARTER WAS 112,244OZ, A C.5% DECREASE YOY

* Q1 TOTAL GOLD PRODUCTION FOR QUARTER WAS 112,556OZ, A C.5% DECREASE YOY

* Q1 AVERAGE REALISED GOLD PRICE OF US$1,295/OZ (INCLUDING A NEGATIVE US$35/OZ EFFECT FROM HEDGING), UP C.4% YOY

* SAYS FULL YEAR 2018 PRODUCTION FORECAST OF 420-460KOZ REITERATED

* SAYS POX HUB DEVELOPMENT ADVANCED TOWARDS PLANNED COMMISSIONING IN Q4 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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