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Highland Gold Mining's second-half production rises

Wed, 29th Jan 2014 10:59

Highland Gold Mining's production rose eight per cent to a record 233,696 ounces of gold in 2013 following a strong second half. In a trading update for the six months ended December 31st 2013, the company reported an increase in gold production at Russian mines including Mnogovershinnoye and Novoshirokinskoye.During the second half the company achieved first gold poured from the Belaya Gora mine after completing plant construction, ramp-up and tests.As a result, total production for the year through December 2014 is expected to increase to between 300,000 to 320,000 ounces of gold and gold equivalents.Shares fell 0.81% to 61p at 11:17 on Wednesday.RD

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Highland Gold slashes interim dividend as profit plunges on lower gold prices

(ShareCast News) - Highland Gold Mining posted a sharp fall in interim profit, as higher sales and lower costs failed to offset a decline in gold prices. In the first six months of 2015, the Russia-focused miner posted a 43.5% year-on-year decline in pre-tax profit to $16.6m (£10.88m), while revenue

23 Sep 2015 07:16