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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Altyngold Plc | LSE:ALTN | London | Ordinary Share | GB00BMH19X50 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.69% | 144.00 | 140.00 | 144.00 | 148.00 | 143.00 | 143.00 | 28,870 | 14:05:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 62.04M | 13.23M | 0.4841 | 2.97 | 39.63M |
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RNS Number : 4591F
Hambledon Mining PLC
09 October 2008
Production Update
Hambledon Mining Plc, the AIM listed gold mining company operating in Kazakhstan, is pleased to report the following production details
from its Sekisovskoye mine for the three months ended 30 September 2008.
July August September Total
Milled tonnage (dry tonnes) 55,483 35,685 70,938 162,106
Head grade (gm/t) 1.32 1.50 1.32 1.36
Contained gold (gm) 73,074 53,431 93,516 220,021
Contained gold (oz) 2,349 1,718 3,007 7,074
Recovery % 76.0 77.5 72.8 75.0
Recovered gold (oz) 1,786 1,332 2,190 5,308
Recovered silver (oz) 3,422 2,313 2,961 8,696
Comment:
The good progress made in July was interrupted in August as commissioning of the new tailings dam was delayed and other changes were
made to the process plant, resulting in shut downs of the mills for a total of two weeks. The result for August was therefore disappointing
but creditable in the circumstances. September confirmed the improvements which we are making, and the milling circuit in particular is now
operating well. The mills have been tested for an extended period at some 10% higher than the planned capacity and will be operated at this
rate continuously once the new cone crusher is commissioned in November.
The grades mined during the quarter were lower than the average expected over the life of the open pit but higher grade areas are
scheduled to be accessed during the current quarter. As already mentioned in our interim results, the metallurgical recovery has been lower
than the 92% indicated by test-work. Various causes have been identified and improvements have already been made which will impact on the
current quarter.
Enquiries:
Hambledon Mining plc
Charles Zorab
+44 20 7233 1462
Fairfax I.S. PLC
Ewan Leggat
+44 20 7598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
END
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