Petropavlovsk Rises to Two-Month High as Gold Output Gains
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Petropavlovsk Plc, a producer of gold in Russia, rose to the highest price in more than two months in London trading after second-quarter output jumped 43 percent, led by gains at the Pioneer mine.
Petropavlovsk rose 2.4 percent to 842 pence as of 4:30 p.m. local time, the highest closing price since May 11. So-called attributable gold output climbed to 143,700 ounces from 100,700 ounces a year earlier, the company said today in a statement. Petropavlovsk reaffirmed its 600,000-ounce full-year forecast.