LONDON (Thomson Financial) - Hambledon Mining Plc. incurred a wider
first-half pretax loss as a boiler accident in February caused a 10-week
shutdown of operations and considerable extra costs.
The company said several "teething problems" since production restarted in
late April slowed progress towards full, targeted production, but added it is
making progress in the second half towards its initial annualised production
target of 40,000 ounces of gold.
The company said pretax loss for the six months to end-June widened to 3.42
million pounds from 994,000 pounds a year ago. The company reported revenues of
828,000 pounds for the period.
TFN.newsdesk@thomson.com
ans/slm
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