Jun 25th 2012 - Edison Investment Research today published a report on Hambledon Mining (HMB.L, LSE:HMB, LON:HMB) entitled "Mining Operations Remain Stable". In summary, the report says:
Mining of waste and ore at Hambledon’s Sekisovskoye gold mine has been progressing steadily throughout 2011 despite the Tailings Dam 3 (TD3) incident, which continues to hang over the shares. Waste stripping within the Sekisovskoye open-pit mine was completed on schedule (by end 2011), allowing for increased gold production at lower costs through greater use of Hambledon’s expanded mining fleet. Further, underground development is continuing to ramp up over 2012 and contribute around 34% of gold production by end year. Ongoing underground drilling also continues unabated to provide increasing confidence in the gold resource/reserve, with many intersections indicating better grades over greater widths than previously identified from historic surface drilling.
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