Support The Moscow Times!

Contribute today

Petropavlosk Gold H1 Net Down 90%

By The Moscow Times

Aug. 23, 2012

Russia-focused gold miner Petropavlovsk said on Thursday its first half net profit fell 90 percent year on year to $11 million, on record revenue of $546.8 million, due to higher interest expenses, but forecast its profitability to improve in the second half of the year.

(Reuters)

Related articles:

Mobilized Russian Troops Endure Quick Losses in Ukraine War – Report

One in five mobilized Russian soldiers are killed less than two months after being sent to the war in Ukraine, according to an analysis by IStories and...

overnight attack

Scores of Ukrainian Drones Downed Over Annexed Crimea, Western Russia

Oleg Kryuchkov, adviser to the Kremlin-installed governor of annexed Crimea, asked residents "to remain calm."

scapegoating plan

Kremlin Orders Media, Lawmakers to Blame Armenia for Karabakh Conflict – Reports

The circulated instructions to media and officials follow Armenia’s frustration over what it sees as Russia’s failure to guarantee its security.

Moscow Mayor’s Urban Forest 'Improvement' Sparks Grassroots Resistance

Activists risk beatings, police detention and potential criminal charges as they fight an everyday battle to stop forest clearing in their communities...