Full Year Results 

Petropavlovsk: past presence

Petropavlovsk: past presence

Petropavlovsk (POG) no longer employs the men whose Russified forenames adorn the door to the plc's headquarters. Last year’s boardroom coup (and subsequent shake-up) saw to that. Yet the founders’ bequest doesn’t end there; as full-year results remind us, the precious metals miner is still heavily indebted, strapped with an awkward holding in a Hong Kong-listed iron ore miner, and (after everyone’s been paid) a low-margin miner.

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