Updates

Peter Hambro Mining - Canaccord raises price target from Â£13 to Â£18

June 2006

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.

After hitting a new high of over £17, shares in Peter Hambro Mining have fallen back following a retracement in the gold price. Nevertheless, its final results did contain some pleasant surprises. Overall, production for the year ended 31 December was as expected at 249,000 ounces, up from 209,000 in 2004, while its target for the current year is 250,000 ounces and it remains on track to deliver its 1m ounce target by 2009. Hambro achieved an average gold price of US$442 / ounce (up from $402) and this led to a retained profit of US$13.3m, which was down 13%. This mainly reflected global increases in raw materials and energy costs as well as the switch to expensing development costs, which was flagged in its recent trading statemen ...

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Peter Hambro Mining - New mines to double production to 1m oz by 2012 (October 2009)

Peter Hambro Mining - Production forecasts upgraded (September 2009)

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Peter Hambro Mining - New production plan envisages 1m oz in 2012 on â€˜high case scenarioâ€™ (April 2009)

Peter Hambro Mining - Well placed to exploit strong gold price (March 2009)

Peter Hambro Mining - Potential take-over of Aricom would erase funding concerns (February 2009)

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Peter Hambro Mining - First contribution from Pioneer (September 2008)

Peter Hambro Mining - Operating margins rise sharply (June 2008)

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Peter Hambro Mining - Soaring gold price lifts shares (February 2008)

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 (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 - 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 - Canaccord raises price target from Â£13 to Â£18

June 2006

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