The current production of Peter Hambro Mining Plc comes mainly from its two operating assets, OJSC Pokrovskiy Rudnik and the Omchak Joint Venture. The first gold was produced from the Pioneer deposit at the end of 2004 when ore from the trial pit was taken to the Pokrovskiy resin-in-pulp plant to be processed.

Since its inception in 2002 the resin-in-pulp plant at Pokrovskiy has undergone a twofold increase in capacity. Further expansion to increase the mill’s capacity to 1.9 million tonnes of ore per year was commenced in 2004 and was finalised in 2006.   The mining fleet has already been expanded accordingly in order to meet the increased demand for ore to be processed through the mill.

The Omchak Joint Venture contributes to the Group's gold production through its two operating assets:  Shkolnoye underground mine and Berelekh alluvial operations.   

The Group's total attributable gold production was c.297,000 ounces in 2007.

In 2004 the Group reorganised the structure of its Russian operations and formed a new company in Russia, "Management Company Peter Hambro Mining" in order to increase operational efficiency.