While subject to further plant development success at its pressure oxidation (POX) hub, Russian miner Petropavlovsk is eyeing gold production of between 450 000 oz and 500 000 oz for 2019, with capital expenditure figures expected to reach levels of between $45-million and $50-million during the year. This compares with output of 422 300 oz in 2018, 118 800 oz of which was produced in the fourth quarter. The production was less than the 439 600 oz of 2017, but was in line with its guidance of 420 000 oz to 450 000 oz.
