trending Market Intelligence /marketintelligence/en/news-insights/trending/njvrlwkfhm7g96x5cxu6jw2 content esgSubNav
In This List

Petropavlovsk pens sales deal with Gazprombank for 96,000 ounces of gold

Blog

Essential Metals & Mining Insights - October 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Video

Essential Metals & Mining Insights - September 2021

Blog

Lithium and Cobalt CBS September 2021 — Lithium price surges, cobalt range-bound


Petropavlovsk pens sales deal with Gazprombank for 96,000 ounces of gold

Russia-focused gold miner Petropavlovsk PLC signed a forward sales agreement with Gazprombank to buy 96,000 ounces of the precious metal, the company announced in a March 27 release.

The terms of the deal include advance payment for up to 12 months. Advances will be settled using proceeds at the prevailing gold price at the date of shipment.

"This forward gold sales agreement with Gazprombank provides greater flexibility in managing the working capital of the group," said company CFO Andrey Maruta.