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Petropavlovsk denies UGC merger talks

London-listed Petropavlovsk has denied reports it is considering a tie-up with major shareholder, fellow Russian gold miner UGC.

Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks Petropavlovsk denies UGC merger talks

Petropavlovsk's POX hub at Pokrovskiy – a project ten years in the making

The Daily Telegraph quoted Petropavlovsk CEO Pavel Maslovskiy on Sunday saying a deal with UGC could "definitely happen".