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Hambledon says knows no reason for share weakness

Mon Aug 11, 2008 4:09am EDT

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Aug 11 (Reuters) - AIM-listed gold miner Hambledon Mining Plc (HMB.L) said on Monday it knows no reason for the recent weakness of its share price, and is confident of meeting its monthly gold production target.

At its Sekisovskoye mine in East Kazakhstan, the company said 2,247 ounces of gold were poured during July, an increase from the June total of 1,102 ounces.

Hambledon added its production is likely to increase over the next three months, and shortly after it should meet its 3,333 ounces monthly target.

Hambledon's share price has fallen from 15.4 pence on May 8 to close at 5.7 pence on Friday. (Reporting by Balachander Surianarayanan; Editing by Louise Ireland)



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