Petropavlovsk downplays debt worries as output soars again

Petropavlovsk pulled out of the tail-spin it has been in since the start of February after the company announced a sharp increase in gold production in the first quarter.

Petropavlovsk pulled out of the tail-spin it has been in since the start of February after the company announced a sharp increase in gold production in the first quarter.

Attributable gold production in the first three months of 2012 amounted to 120,800 ounces (oz), up 60% on the first quarter of last year. The increase was due to a strong performance and higher grades at Pioneer, the group's flagship mine, and increased capacity at the Malomir mine.

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