Hambledon Mining cut interim losses as production figures improve
17 September 2009
Hambledon Mining, the AIM listed gold mining company based in Kazakhstan, has slashed its interim losses to £1.3 million from £3.4 million last year and become cash flow positive.
Hambledon reported a positive operating cash flow of £0.42 million against an outflow in the same period last year of £3 million as gold production from its Sekisovskoye mine reached 9,413 ounces. It added that the overall production trend had continued towards the initial design rate of 40,000 ounces.
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