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Peter Hambro Mining

June 2005

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.

Peter Hambro released results which were slightly below expectations for the year ending 31 December 2004, with pretax profit increasing only 50% to US$24.3m for earnings up 22% to 22 cents, compared to Numis' forecasts of US$27m and 35 cents respectively. The company posted an increase in attributable gold production of 40% to 209,000 ounces, a result which was heavily reliant on its main mine at Pokrovskiy, which produced a 27% increase in production to 154,000 ounces. This was facilitated by last October's investment in a new milling circuit, which enlarged throughput capacity by 50% to 1.5m tonnes p.a. as well as new equipment and technology. This year will see a further 50% expansion in production capacity to 2.2m t ...

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

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Peter Hambro Mining - Acquires laboratory business (December 2006)

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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)

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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 - 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 - Upgrade to estimated gold reserves (April 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

June 2005

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