ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

HMB Hambledon Mng

1.775
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hambledon Mng LSE:HMB London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.775 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

GoldBridges Global Resources PLC Sekisovskoye mine video (8522C)

21/10/2015 7:00am

UK Regulatory


Hambledon Mining (LSE:HMB)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Hambledon Mining Charts.

TIDMGBGR

RNS Number : 8522C

GoldBridges Global Resources PLC

21 October 2015

21 October 2015

GoldBridges Global Resources Plc

("GoldBridges" or the "Company")

Sekisovskoye mine video

GoldBridges Global Resources plc is pleased to announce that it has uploaded a new corporate video onto the website, www.goldbridgesplc.com, which shows the Sekisovskoye mine in North East Kazakhstan, and demonstrates that decline development work is underway. The link to the video is http://www.goldbridgesplc.com/sekisovskoye-mine-video.html .

Since the company announced in August that it would access its deeper reserves via a decline, significant progress has been made. In developing the underground mine, GoldBridges has fully completed construction works on the 250 metres above sea level (masl) level, and is now working on the 200 masl level. The current rate of development is approximately 400 metres per month. The company aims to be producing some gold from the 250masl level during Q4 2015, and from the 200masl level in 2016.

Maxim Strelnikov, COO of GoldBridges, commented:

"Our new video footage showcases our Kazakh operation and demonstrates the significant progress that we have made towards developing our new underground mine at Sekisovskoye. Sekisovskoye contains significant high grade reserves, and the decline solution allows us to access these reserves using a low capital expenditure solution. "

For further information please contact:

GoldBridges Global Resources Plc

Louise Wrathall

+44 (0) 207 932 2456

Strand Hanson (Financial Adviser and Joint Broker)

Andrew Emmott / James Spinney / Ritchie Balmer

+44 (0) 207 409 3494

Cantor Fitzgerald Europe (Joint Broker)

Stewart Dickson / Jeremy Stephenson

+44 (0) 207 894 7000

Bell Pottinger (Financial PR)

Daniel Thöle / Richard Crowley

+44 (0) 203 772 2500

Information on the Company

GoldBridges is a gold mining, exploration and development group based in Kazakhstan. Whilst the Company was initially established to exclusively develop and operate the Sekisovskoye gold and silver mine in the East Kazakhstan Region, it is now actively targeting additional gold mining opportunities in Kazakhstan. This includes the adjacent prospective Karasuyskoye Ore Fields, on which GoldBridges was recently awarded the tender to perform further confirmatory testing in order to gain the sub-soil user licence.

The Company holds a 100 per cent shareholding in DTOO Gornorudnoe Predpriatie Sekisovskoye ("DGPS") which holds a subsoil use contract in relation to the Sekisovskoye deposit, covering a total area of 0.855km(2). The subsoil use contract for Sekisovskoye is valid until 2020 and the Company currently intends to seek to extend the contract in accordance with its terms. The Company also holds a 100 per cent shareholding in DTOO Altai Ken-Bayitu LLP which owns and operates the processing plant at the Sekisovskoye deposit. The Sekisovskoye deposit is located at the village of Sekisovka, approximately 40km north of the town of Ust-Kamenogorsk, the capital city of the East Kazakhstan Region. The current operation is focused on mining two open pits where the near-vertical deposits extend to the surface. The open pits are nearing their end of life in 2015, and the Company is developing an underground extension to exploit the deposits to depth.

The Company intends that the Sekisovskoye deposit shall become a selective-mining underground operation. As at 31 May 2014, the Company's proven and probable reserves consisted of 2.3Moz of gold and 3.0Moz of silver, and the Company's measured, indicated and inferred resources consisted of 5.1Moz of gold and 3.5Moz of silver, in each case as classified in accordance with JORC.

In the year ended 31 December 2014, the Company's consolidated revenue was US$35.2 million and its EBITDA was US$5.3 million.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPKKDQBBDDPKB

(END) Dow Jones Newswires

October 21, 2015 02:00 ET (06:00 GMT)

1 Year Hambledon Mining Chart

1 Year Hambledon Mining Chart

1 Month Hambledon Mining Chart

1 Month Hambledon Mining Chart

Your Recent History

Delayed Upgrade Clock