Updates

Peter Hambro Mining - Upgrade to estimated gold reserves

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Two items of positive newsflow have been largely responsible for thesharp rise in Peter Hambro's shares since our main recommendation at 385p just two months ago. The first was a year end trading statement, which showed that production at its Pokrovskiy mine had increased around 70% to 120,000 ounces, while production from its Omchak joint venture was 48,000 ounces since its establishment last August. Prices achieved on gold sales have been higher than budgeted, but the most important development was that the new 1m tonne per year capacity resin in pulp plant is now fully operational. However,what has really mesmerised investors was the more recent announcement that an independent report has upgraded its estimated ...

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Peter Hambro Mining - On track to increase gold production towards 500,000 oz in 2008 (January 2008)

Peter Hambro Mining - Second mine starts producing (November 2007)

Peter Hambro Mining - Shares fall through stop-loss (February 2007)

Peter Hambro Mining (January 2007)

Peter Hambro Mining - Acquires laboratory business (December 2006)

Peter Hambro Mining (November 2006)

Peter Hambro Mining - Share price mirrors gold volatility (September 2006)

Peter Hambro Mining - Canaccord raises price target from Â£13 to Â£18 (June 2006)

Peter Hambro Mining (May 2006)

Peter Hambro Mining - Shares rocket after production target is raised to 1.2m ounces by 2009 (March 2006)

Peter Hambro Mining - Canaccord ups price target to 1050p (November 2005)

Peter Hambro Mining - High gold grades at Pioneer (September 2005)

Peter Hambro Mining (June 2005)

Peter Hambro Mining - Gold miner aiming to produce one million ounces a year by 2009 (April 2005)

Peter Hambro Mining - Substantiall higher grades of gold found at Pioneer deposit (November 2004)

Peter Hambro Mining - Operating costs sharply reduced (September 2004)

Peter Hambro Mining - £40m fund raising (June 2004)

Peter Hambro Mining - Gain to date: 329% (May 2004)

Peter Hambro Mining - Fast growing Russian goldminer (February 2004)

Peter Hambro Mining - Huge upgrade in gold reserves (April 2003)

Peter Hambro Mining - Exciting recent gold issue (July 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Peter Hambro Mining - Upgrade to estimated gold reserves

April 2004

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