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Petropavlovsk H1 revenues drop

London-listed gold miner Petropavlovsk has reported a 33% drop in first-half revenues from its Russia-focused portfolio to US$352 million, as it continues to transition toward greater refractory ore processing.

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Petropavlovsk's Pokrovskiy POX hub holds the key to the company's future production efforts

The revenue drop was down to previously reported production from its own mines of 158,300oz - a 26% fall year-on-year - though Petropavlovsk chief executive Denis Alexandro said improving production

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