Duyuru • Sep 13
UMMC-Invest JSC acquired Right, title and interest of the Petropavlovsk PLC in Russia from Petropavlovsk PLC UMMC-Invest JSC agreed to acquire Right, title and interest of the Petropavlovsk PLC in Russia from Petropavlovsk PLC for $600 million on August 1, 2022. The transaction is expected to close on September 30, 2022. As of September 6, 2022, Russian President Vladimir Putin by his order allowed UMMC-Invest to acquireassets from Petropavlovsk PLC.
UMMC-Invest JSC completed the acquisition of Right, title and interest of the Petropavlovsk PLC in Russia from Petropavlovsk PLC on September 12, 2022. Duyuru • Jul 20
Petropavlovsk's Ordinary Shares Cancel from Admission to Trading on London Stock Exchange At the request of Petropavlovsk PLC ordinary shares of 1p each, fully paid have been cancelled from admission to trading on London Stock Exchange with effect from 08:00 on July 20, 2022. Duyuru • Jul 15
UMMC, Strukov Can Buy Petropavlovsk's Assets Ural Metals and Mining Company (UMMC) and its key shareholder Konstantin Strukov filed bids to buy assets of Petropavlovsk PLC (LSE:POG), business daily Kommersant reported on July 14, 2022 citing industry sources. Representatives for Petropavlovsk and Strukov declined to comment. On July 12, 2022, Petropavlovsk initiated the procedure of insolvency and filed to the U.K. Financial Conduct Authority (FCA) for delisting from the London Stock Exchange (LSE). Duyuru • May 12
Petropavlovsk PLC to Report Q4, 2021 Results on May 31, 2022 Petropavlovsk PLC announced that they will report Q4, 2021 results on May 31, 2022 Duyuru • Apr 12
Petropavlovsk plc Announces Board Updates The Board of Directors of Petropavlovsk PLC announced the appointment of Mr. Roman Deniskin as independent non-executive director with immediate effect. Mr. Deniskin has over 20 years of operational and strategic experience in the mining, metals and minerals industries in Russia and Kazakhstan, with a focus on strategic planning, business transformation and human capital development. He is the co-owner and director of Belka Digital, a company offering solutions for automating and optimising minerals processing. Upon joining the Board, he will become a member of the audit and remuneration committees. Duyuru • Apr 07
REGIONS-Finance JSC cancelled the acquisition of a 29.180140% stake in Petropavlovsk PLC (LSE : POG) from ZAO Uzhuralzoloto. REGIONS-Finance JSC agreed to acquire a 29.180140% stake in Petropavlovsk PLC (LSE:POG) from ZAO Uzhuralzoloto on March 4, 2022.
REGIONS-Finance JSC cancelled the acquisition of a 29.180140% stake in Petropavlovsk PLC (LSE : POG) from ZAO Uzhuralzoloto on April 5, 2022. Duyuru • Apr 06
Petropavlovsk PLC Announces Resignation of Natalia Yakovleva, Independent Non-Executive Director The Board of Directors of Petropavlovsk PLC announced that Natalia Yakovleva, independent non-executive director, has resigned from the Board with immediate effect. Duyuru • Feb 01
Petropavlovsk PLC Announces Demise of Malay Mukherjee, Director The Board of Directors of Petropavlovsk PLC announces with great sadness the death of Malay Mukherjee, independent non-executive director. Mr. Mukherjee passed away on January 29, 2022. Mr. Mukherjee joined the Petropavlovsk Board of Directors in August 2020, chaired the Board's Safety, Sustainability & Workforce Committee and was a member of the Nominations, Audit, and Remuneration Committees. Board Change • Jan 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. Deputy Chairman of Peter Hambro Mining Michael Shelkov is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Dec 05
Petropavlovsk PLC Provides Update on Claim Petropavlovsk PLC provided an update on the application for injunctive relief filed in the High Court of Justice (Business and Property Courts of England and Wales, Insolvency and Companies List) by JSC Uzhuralzoloto Group of Companies. At a hearing yesterday, 02 December 2021, the High Court found in favour of the Company and its independent directors and dismissed the Application made by UGC. Duyuru • Sep 29
An unknown buyer acquired a 29.191064% stake in Petropavlovsk PLC (LSE:POG) from ZAO Uzhuralzoloto. An unknown buyer acquired a 29.191064% stake in Petropavlovsk PLC (LSE:POG) from ZAO Uzhuralzoloto on September 15, 2021.
An unknown buyer completed the acquisition of a 29.191064% stake in Petropavlovsk PLC (LSE:POG) from ZAO Uzhuralzoloto on September 15, 2021. Reported Earnings • Sep 03
First half 2021 earnings released: EPS US$0.011 (vs US$0.007 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$351.9m (down 33% from 1H 2020). Net income: US$44.5m (up US$68.5m from 1H 2020). Profit margin: 13% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Duyuru • Sep 03
Petropavlovsk plc Reaffirms Production Guidance for the Year 2021 Petropavlovsk PLC reaffirmed production guidance for the year 2021. The Company affirms its 2021 full-year production guidance of 430 - 470koz of gold, comprising own gold production of 370 - 390koz and gold production from 3rd-party concentrate of 60 - 80koz. Executive Departure • Jul 15
Non-Executive Director Maxim Kharin has left the company On the 12th of July, Maxim Kharin's tenure as Non-Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Maxim's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Duyuru • Jul 01
ZAO Uzhuralzoloto acquired an additional 2.7% stake in Petropavlovsk PLC (LSE:POG) for €30.8 million. ZAO Uzhuralzoloto acquired an additional 2.7% stake in Petropavlovsk PLC (LSE:POG) for €30.8 million on June 30, 2021. Post completion, ZAO Uzhuralzoloto hold 27.06% stake of Petropavlovsk PLC.
ZAO Uzhuralzoloto completed the acquisition of an additional 2.7% stake in Petropavlovsk PLC (LSE:POG) on June 30, 2021. Duyuru • Jun 24
ZAO Uzhuralzoloto acquired an additional 2.9% stake in Petropavlovsk PLC (LSE:POG) from Bonum Capital for $47 million. ZAO Uzhuralzoloto acquired an additional 2.9% stake in Petropavlovsk PLC (LSE:POG) from Bonum Capital for $47 million on June 22, 2021. As a result, the stake of ZAO Uzhuralzoloto has grown from 24% to 26.9%.
ZAO Uzhuralzoloto completed the acquisition of an additional 2.9% stake in Petropavlovsk PLC (LSE:POG) from Bonum Capital on June 22, 2021. Reported Earnings • May 18
Full year 2020 earnings released: US$0.01 loss per share (vs US$0.008 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$988.5m (up 33% from FY 2019). Net loss: US$45.6m (down 270% from profit in FY 2019). Production and reserves: Gold Production: 548.1 troy koz (517.3 troy koz in FY 2019) Proved and probable reserves (ore): 227.7 Mt (278.6 Mt in FY 2019) Number of mines: 3 (3 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Duyuru • May 17
Petropavlovsk PLC Provides Production Guidance for the Year 2021 Petropavlovsk PLC provided production guidance for the year 2021. For the period, production: remains on track to meet full year guidance of 430 - 470koz and comprises 370 - 390koz of own gold production which is in-line with 2020, and 60 - 80koz of gold from third-party concentrate which is lower than in 2020. Duyuru • Apr 01
Petropavlovsk plc Provides Production Guidance for the Full Year 2021 Petropavlovsk PLC provided production guidance for the full year 2021. For the period, the company expects Total 2021 gold production of 430 - 470koz, comprising of own gold production of 370 - 390koz and third-party gold production of 60 - 80koz. Is New 90 Day High Low • Mar 03
New 90-day low: €0.30 The company is down 14% from its price of €0.35 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 52% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share. Duyuru • Feb 18
Petropavlovsk finalizing management changes at Pokrovsky mine Petropavlovsk finalizing management changes at Pokrovsky mine. The shareholders of Pokrovsky Rudnik, which is part of Russian gold miner Petropavlovsk have elected a new board of directors. The board includes Petropavlovsk's new CEO Denis Aleksandrov, as well as Petropavlovsk senior executives Alexei Kharitontsev, Sergei Shumilov, Dmitry Ryabchenko and Sergei Baikalov, who all previously worked with Aleksandrov at Highland Gold, the company told Interfax. Is New 90 Day High Low • Jan 06
New 90-day high: €0.37 The company is up 5.0% from its price of €0.35 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.57 per share. Duyuru • Nov 30
Petropavlovsk PLC Announces CEO Changes, Effective December 1, 2020 Petropavlovsk PLC announced the appointment of Denis Alexandrov as Chief Executive Officer. Mr. Alexandrov, who will also become a director of the Company, will join with effect from 1 December 2020. Denis is a highly experienced executive in mining and natural resources, including the Russian gold sector, and has a strong track record of delivering operational excellence and superior shareholder returns. From January 2016 through November 2020, Denis was Chief Executive Officer of Highland Gold Mining Limited Maxim Meshcheryakov was appointed interim Chief Executive Officer of Petropavlovsk PLC in August 2020. Maxim will remain with the Company in a senior position to work with Denis Alexandrov. Reported Earnings • Nov 02
First half 2020 earnings released: US$0.007 loss per share The company reported a mediocre first half result with weaker earnings and control over expenses, although revenues were improved. First half 2020 results: Revenue: US$522.7m (up 71% from 1H 2019). Net loss: US$23.9m (down US$28.6m from profit in 1H 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Oct 31
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 2.6% at US$522.7m. Revenue is forecast to grow 31% over the next year, compared to a 8.1% growth forecast for the Metals and Mining industry in Germany. Duyuru • Oct 28
Petropavlovsk PLC to Report First Half, 2020 Results on Oct 30, 2020 Petropavlovsk PLC announced that they will report first half, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 19
New 90-day low: €0.32 The company is down 1.0% from its price of €0.33 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.68 per share. Duyuru • Oct 14
Petropavlovsk plc Announces Management Changes Petropavlovsk PLC announced appointment of John Smelt as Head of Corporate Affairs, effective from 19 October 2020 . John will be a member of the Group's Executive Management committee and his role will be to manage the London office and the listed company functions. John has over twenty years experience in the mining sector, including as Head of Corporate Communications at KAZ Minerals PLC and as Head of Investor Relations at Rio Tinto plc. Dorcas Murray will be joining the Company on 2 November 2020 as Company Secretary. Dorcas will report to the Chairman and will work closely with John and the Board on enhancing the listed company functions at the Company. After qualifying and practicing as a corporate lawyer, Dorcas has twenty years' experience in listed company secretarial work, most recently as Group Company Secretary at Ferroglobe PLC. Duyuru • Aug 19
AEON Corporation cancelled the acquisition of 22.4% stake in Petropavlovsk PLC (LSE:POG) from Kenges Rakishev. AEON Corporation agreed to acquire a 22.4% stake in Petropavlovsk PLC (LSE:POG) from Kenges Rakishev on July 16, 2019. Petropavlovsk reported $499.8 million of revenue and $25.9 million of net profit. The deal is subject to regulatory approval and expected to get closed in the end of July 2019. Suren Gortsunyan and Konstantin Mineev of Rybalkin, Gortsunyan & Partners, Michael Damianos of Michael Damianos & Co, Aituar Madin of Zan Hub and Robert Boyle, Richard Fletcher, Christopher Orford and Willam Sykes of Macfarlanes acted as legal advisors to AEON.
AEON Corporation cancelled the acquisition of 22.4% stake in Petropavlovsk PLC (LSE:POG) from Kenges Rakishev on July 16, 2020. Duyuru • Aug 18
Petropavlovsk PLC Appoints Maxim Mescheryakov as New Interim CEO Petropavlovsk PLC has appointed Maxim Mescheryakov as its new interim CEO, the Russian gold miner said. Mescheryakov headed Traxys's tin project in Russia until recently. Duyuru • Jul 30
An unknown buyer acquired 4.07% stake in Petropavlovsk PLC (LSE:POG) from Fortiana Holdings Limited. An unknown buyer acquired 4.07% stake in Petropavlovsk PLC (LSE:POG) from Fortiana Holdings Limited on June 25, 2020. Upon completion of the transaction, Fortiana will now hold 0.55% stake in Petropavlovsk from its previous 4.62% stake.
An unknown buyer completed the acquisition of a 4.07% stake in Petropavlovsk PLC (LSE:POG) from Fortiana Holdings Limited on June 25, 2020.