Peter Hambro Mining Plc (POG.L: Quote), Russia's second-biggest gold producer,on Friday cut its output forecast for 2010 to 685,000-769,000 ounces.
The company retained its 2009 target of 460,000-510,000 ounces.
It anticipates gold output growing to 793,000-903,000 ounces in 2011, also revised down from guidance given in February 2008, and 855,000-1,021,000 ounces in 2012.
It produced 393,600 ounces in 2008.
(Reporting by Julie Crust)
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