www.hambledon-mining.com13 Apr 2012 18:21
Hambledon Mining plc is a gold mining and development group, which is operating the Sekisovskoye gold mine close to Ust Kamenogorsk in East Kazakhstan.
The Company has been mining from an open pit and operating an 850,000 tonnes per annum treatment plant since 2008. Underground mining at Sekisovskoye began in late 2011 on time and on budget. From a combined production from the underground and open pit mine of approximately 30,000 ounces in 2012 a figure of approximately 100,000 ounces is targeted from the underground mine alone in 2017. It hopes to complete the purchase of Akmola Gold LLP in March 2012, bringing in to the group two gold deposits with a combined resource of 440,000 ounces gold.