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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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Sector movers: Risk aversion lifts gold and silver miners

An aversion to risk was benefitting gold and silver stocks on Tuesday in London as precious metal prices advanced amid macro concerns and equity-market volatility. A flight to safety was lifting the price of both gold and silver, with the former rising for the third consecutive day - its longest win

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