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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • POG
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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