14th Nov 2008 07:00
14 November 2008
Peter Hambro Mining plc, Russia's second largest gold producer, notes recent media and market commentary on the Company's production plans and the recent weakness in the Company's share price.
The Company and its geological adviser, Wardell Armstrong International Ltd., have identified areas where there have been potential misunderstandings of the Company's Reserve and Resources in recent market analysis and as a result discussions are ongoing between the relevant parties.
In the meantime the Company is pleased to confirm that the development of Pokrovskiy, Pioneer and Malomir continues as planned and the Company would direct investors towards the comprehensive statement made on 5th November 2008.
Enquiries:
|
Peter Hambro Mining Plc Alya Samokhvalova JPMorgan Cazenove Ian Hannam / Patrick Magee |
+44 (0) 20 7201 8900
+44 (0) 20 7155 2828 |
|
Merlin David Simonson / Tom Randell / Maria Suleymanova |
+44 (0) 20 7653 6620 |
The contents of this announcement have been reviewed and approved for release by Dr. P. Newall, BSc,PhD, CEng, FIMMM, of Wardell Armstrong International. Dr. P. Newall has consented to the inclusion of the material in the form and context in which it appears.
Related Shares:
POG.L