ALTN Altyngold Plc

    RNS Number : 9722A
  Hambledon Mining PLC
  11 August 2008
   


                                                             Hambledon Mining Plc

                                                       ("Hambledon" or "Company")

                                                         PRODUCTION UPDATE

    Hambledon, the AIM quoted gold mining company operating in Kazakhstan, is pleased to report further progress on gold production at its
Sekisovskoye operation. 

    2,247 ounces of gold and 3,418 ounces of silver were poured during the month of July 2008. This compares with June 2008 when 1,102
ounces of gold and 1,608 ounces of silver were poured.  Further improvements are being implemented which will help to increase the
throughput and metallurgical recovery over the coming three months. The Company remains confident that it will shortly thereafter meet its
target monthly rate of open-pit production of 3,333 ounces of gold (40,000 ounces of gold on an annualised basis). 

    It is expected that by the end of the year orders will be placed for the equipment required to start underground mining, and all
applications for the necessary approvals will be submitted, thereby providing shareholders with an increasing production profile in both the
short and medium term.

    The Company will in future be providing production updates at the end of each quarter, commencing with the three month period ending 30
September 2008.

    The directors of Hambledon know of no reason for the recent weakness of the Company's share price.


    Enquiries:

 Hambledon Mining Plc
 Charles Zorab,        +44 (0) 20 7233 1462
 Investor Relations


 Fairfax I.S. PLC
 Ewan Leggat / Jeremy   +44 (0)207 598 5368
 Porter



This information is provided by RNS
The company news service from the London Stock Exchange
 
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