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MOSCOW, March 28 (Reuters) - Russia's largest gold mining company Polyus Gold announced delays to its Natalka development project on Thursday, indicating possible slower production growth in Russia, the world's fourth-largest gold producer. Natalka, a large mine in Russia's Far East, is now
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Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreAIM-listed mining company Highland Gold Mining has acquired a license for exploration and mining rights for the Western Flank, a property located adjacent to the company's existing Mnogovershinnoye mine operations in Russia. The acquisition resulted from an open auction held on December 6th in the
Read moreAberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreRussian gold miner Highland Gold said first half net profit fell to 45m dollars from 70.3m dollars a year earlier while pre-tax profit fell by a third due to the higher cost of sales. The group said that it remains on track to produce between 200,000 ounces and 215,000 ounces of gold and gold equiv
Read moreIt sounds like something from a Sherlock Holmes novel, but a letter from a lawyer claiming to be acting for a South African tribe has caused a big drop in the share price of iron ore explorer Mercury Recycling. Mercury is buying a site owned by Sylvania Platinum in the Northern Limb of the Bushveld
Read moreRobert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter. Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 s
Read moreHighland Gold Mining has completed its acquistion of Klen, which holds the mining and exploration rights to the Klen gold deposit and the adjacent Verkhne-Krichalskaya property located in the Chukotka autonomous region in north-eastern Russia. The company is planning to mine the deposit by open pit
Read moreRussia-focused precious metals producer Highland Gold Mining says bad weather and declining ore quality resulted in reduced production during 2011. The company's latest results show the group produced 184,102 ounces of gold last year, down significantly on the 200,028 ounces produced during 2010 an
Read moreIn the Times the Tempus column runs the rule over property firm Helical Bar and decides it does not really measure up. In the last three months of last year 13 of the group's tenants went out of business or failed to renew their rents, cutting income by over £700,000, and there's the rub for inves
Read moreBarrick Gold is to sell its stake in the Russian gold producer Highland Gold Mining. The announcement has seen Highland's share price drop sharply in morning trading. Highland says Barrick now sees its 20.4% stake as "non-core" to its activities and has enlisted HSBC to coordinate the sale. The va
Read moreRussian gold miner Highland Gold Mining said, for the year to 31 December 2011, 184,102 oz of gold and gold equivalents were produced from the Mnogovershinnoye, Novoshirokinskoye and Belaya Gora mines. In its update for the second half of 2011 the group said a total of 71,938 ounces of gold were pr
Read moreHighland Gold Mining lost 16p on its share price after reporting that its production guidance for the year to 31 December has been revised lower. The firm reduced its predictions to 190,000-200,000oz of gold and gold equivalents from the previously announced 210,000-220,000oz, mainly due to a requ
Read moreJohn Menzies may be remembered as a rival newsagent to WH Smith, but the company has spent the past decade transforming itself into an airline services business. The Edinburgh company's first-half results proved to be a landmark date in that transition, as it was the first time that profits at its c
Read moreGold producer Highland Gold Mining has today announced results for the year ended on the past 31st of December 2010. The company has informed of a 47.8% increase in its revenue, to $243m, and a 112% rise in its EBITDA, to $121.3m. Particularly noteworthy, the firm's net cash inflow from operations
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