Petropavlovsk PLC reported unaudited production results for the year ended December 31, 2016. For the year, the company reported total gold production of 416,000 ounces compared to 504,100 ounces a year ago.

Gold production for 2017 is forecast between 420,000-460,000oz per annum, predominantly from open pit operations as underground production is scheduled to commence in second half of 2017. Capital expenditure for the year is expected to be $100 million to $110 million, 60% of which is allocated to the Pressure Oxidation development, including Malomir floatation.