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Petropavlovsk H1 profit surges on revenue growth

Creamer Media Senior Researcher and Deputy Editor Online
Gold miner Petropavlovsk on Tuesday reported a 166% increase in profit for the half-year ended June 30, as revenue jumped 20% on higher production from its hard-rock mines and an increase in the average realised gold price. London-listed Petropavlovsk, which operates the Pioneer, Pokrovskiy, Malomir and Albyn mines in Russia, posted profit or $24.5-million in the first half of 2017, compared with $9.2-million in the first half of 2016.

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