6 May 2010 10:23

Petropavlovsk lowers gold output by 37% in Q1

MOSCOW. May 6 (Interfax) - The management alliance Petropavlovsk, which develops gold and iron ore fields in Russia, lowered gold output by 37% year-on-year to 65,600 ounces in the first quarter of 2010, the company said in a statement.

For instance, the company's Pokrovsky mine reduced production by 27% year-on-year to 29,800 ounces while output at the Pioneer field decreased by 44% to 35,800 ounces of precious metals.