In January-March 2022, Petropavlovsk increased gold production by 8% to 103 thousand ounces, the company reported. This was due to increased production at Pioner, as well as the processing of third-party concentrate.

Petropavlovsk is lowering its 2022 production forecast to 375-405 thousand ounces from 380-420 thousand ounces: the production forecast from own material remains at 345-365 thousand ounces, and from third-party material is lowered to 30-40 thousand ounces from 35-55 thousand ounces.

Petropavlovsk’s Q1 sales amounted to 89.8koz.

The company applied for a new gold export license, Petropavlovsk said in its materials.