Business
Report for Quarter Ended March 31 2013
Report for Quarter Ended March 31 2013.
About this update from Altyngold Plc
[{"type":"text","content":"\n \nRNS Number : 6384D Hambledon Mining PLC 30 April 2013 \n \n\nApril 30, 2013\n \nHambledon Mining Company\n \n(\"Hambledon\" or \"Company\")\n \nActivities Report for the Quarter Ended March 31, 2013\n \nHambledon Mining plc (AIM: HMB), the gold mining and development group, today provides its first operational and corporate report since the closing of the partial tender offer by the African Resources (investor consortium) and the appointment of its new chief executive, Aidar Assaubayev. This report covers the three months from January 1 to March 31, 2013 and provides a production update for the year ended December 31, 2012. A copy of this report will be available on the Company's website www.hambledon-mining.com\n \nGENERAL\n \nSince the successful partial tender offer, there has been a complete overhaul of the senior management team of the Company, including the appointment of a new chief executive and new chief financial officer. Under the leadership of the new CEO, Aidar Assaubayev, Hambledon has embarked on a comprehensive review of its operations and strategy with a view to transforming itself into a world class gold mining company and enhancing the return to shareholders. Key elements of this operating and strategic review are:\n \n· Preparation of revised mining plans and optimization of existing operations as well planning for organic and, potentially, inorganic growth\n· Design and implementation of initiatives leading to cost rationalization and greater operational efficiency, including reduction of corporate overheads in the UK\n· Resolution of legacy issues\n \nThe Company expects to complete this review in the near term and will provide a comprehensive update to shareholders at that time. Nonetheless, many of the benefits have already materialized and are reflected in the companies' results and improvements in its financial health and cash generation.\n \n \nPRODUCTION FIGURES\n \nProduction figures for three months from January 1 to March 31, 2013:\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJanuary\n\n\n \n\n\n \n\n\n \n\n\nFebruary\n\n\n \n\n\n \n\n\n \n\n\nMarch\n\n\n \n\n\n \n\n\n \n\n\nTotal\n\n\n\n\n\n\n\nMilled ...