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Kazakhstan-focused Goldbridges Global Resources (GBGR) plans to treble annual gold production to 100,000 oz. in three years from its presently-producing Sekisovskoye mine in the east of the central Asian republic while it works to develop significant deposits in the neighbouring Karuskoye Ore Fields. The fully-listed company, which was first floated on AIM as Hambledon Mining in 2004 at 5p, raised £3.4 million the other day at only 2.8p, but hopes to impress the stockmarket -- and clinch the $132 million (£88 million) financing needed to pursue its strategy -- by demonstrating how a move to underground mining can lift grades and slash costs.
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