LONDON (ShareCast) - Peter Hambro expects full year production to be towards the upper end of the Russia-focused gold miner's forecast.
Subject to any unexpected commissioning problems, production for the full year is expected to
be towards the upper end of the company's forecast range of 460,000-510,000 oz.
Gold production for the first 5 months has been slightly above plan and the Pioneer (Stuttgart: 857040 - news) project's Phase 2 is currently on track to commission in July, with ramp up to full production expected during the third quarter.
Underlying unit production costs are in line, the group added.
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