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Preheat oven to 350 degrees. Grease a loaf pan with baking spray or butter and set aside.
Melt the butter in a medium saucepan on low heat. Once the butter is melted, turn off the heat.
Add the stout, browning, brown sugar, molasses, honey, guava jam, vanilla extract and the beaten egg to the melted butter and continue mixing together, until the sugar granules are dissolved.
Add the raisins and mixed peel (optional) to the liquid ingredients and mix.
In a large bowl, add all the dry ingredients and whisk them together. Combine the liquid mixture with the dry ingredients and mix.
Pour the batter into a greased loaf pan and add the diced cherries on the top, if so desired.
Bake for 60 minutes or until a toothpick inserted in the center comes out clean.
Once it is finish baking, remove from the oven and allow to cool on a cooling rack.