Inactive Instrument

Petropavlovsk

Equities

POG

GB0031544546

IRC Announcement: Q4 2020 Trading Update

January 29, 2021 at 05:04 pm IST

29 January 2021

Petropavlovsk PLC

Petropavlovsk PLC (the "Company") notes that IRC Limited ("IRC"), a producer and developer of industrial commodities in which the Company is a significant shareholder (31.1%), has today published its Q4 2020 Trading Update.

In particular, the Company wishes to highlight that c.US$8.6 million has been paid during the fourth quarter of 2020 by IRC to Gazprombank as principal and interest. This is in accordance with the repayment schedule for the facility agreements guaranteed by Petropavlovsk.

The full text of the announcement may be found on the IRC website at:

http://www.ircgroup.com.hk/en/ir_announcements.php.

About Petropavlovsk

Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated Russian gold producer with JORC Resources of 21.03Moz Au which include Reserves of 8.46Moz Au. Following its IPO on the Alternative Investment Market (AIM) in 2002, Petropavlovsk was promoted to the London Stock Exchange in 2009, where today it is a Premium Listed company and a constituent of the FTSE 250, FTSE 350 and FTSE All Share indices.

The Company's key operating mines (Pioneer, Malomir and Albyn) are in the Amur Region in the Russian Far East. Petropavlovsk has produced a total of c.8.2Moz of gold since operations began in 1994 and has a strong track record of mine development, expansion and asset optimisation.

The Group recently entered a new era of growth following the successful commissioning and start-up of its flagship asset, the Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the processing of the Company's abundant refractory reserves and resources.

Petropavlovsk is one of the region's largest employers and one of the largest contributors to the sustainable development of the local economy.

For more information
Please visit www.petropavlovskplc.comor contact:
Petropavlovsk PLC	+44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya Kim	TeamIR@Petropavlovskplc.com
Hudson Sandler	+44 (0) 20 7796 4133
Charlie Jack / Katerina Parker / Elfie Kent	Petropavlovsk@hudsonsandler.com

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Petropavlovsk plc published this content on 29 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2021 11:33:03 UTC.

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Company Profile

Petropavlovsk PLC is a United Kingdom-based gold mining company. The Company's segments include Pioneer, Malomir and Albyn hard rock gold mines, which are engaged in gold and silver production, as well as field exploration and mines development. Its Pioneer gold mine is a bulk tonnage mine with multiple open pits and an underground mine, located approximately 40 kilometers north of Pokrovskiy. The Pioneer orebodies include both non-refractory and refractory ore. Its Malomir gold mine is located approximately 670 kilometers northeast by road of Pokrovskiy. The gold-bearing ore body in Malomir is hosted by upper Palaeozoic metasediments, mainly carbonaceous shales. Its Albyn gold mine consists of over three licenses and is located approximately 720 kilometers from Blagoveshchensk. Its pressure oxidation facility (POX Hub) facilities are allocated between Pioneer, Malomir and Albyn gold mines.

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