Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Gold miner Petropavlovsk stages a comeback with brace of deals

By cpowell
Created 2016-04-28 12:32

By Jon Yeomans
The Telegraph, London
Thursday, April 28, 2016

Gold miner Petropavlovsk, which last year nearly went out of business, has staged a comeback with a brace of deals that could mark a new era for hard-pressed investors.

The Russia-focussed company, founded by Peter Hambro, scion of the family that founded City institution Hambros Bank, is to buy another gold miner in an all-share deal worth $144 million (L99 million), while launching a joint venture to help finish a costly processing plant.

The acquisition of Amur Zoloto will help the company "bulk up," according to Mr Hambro, Petropavlovsk's chairman, making it more attractive to institutional investors. "Shareholders have been keen for us to buy things. ... It's to help us bulk up the maths of Petropavlovsk, and there has been a move toward consolidation in the industry." ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/04/28/gold-miner-petropavlovsk-... [1]


Free Storage with BullionStar in Singapore Until 2016

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault StorageĀ® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/ [2]

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html [3]

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal [4]

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [5]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [6]