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Highland Gold predicts output hike

Wed, 26th Jan 2011 08:47

Highland Gold Mining matched production guidance in 2010 and thinks it will increase output by up to 10% this year.The company's three Russian mines - Mnogovershinnoye, Novoshirokinskoye and newly commissioned Belaya Gora - produced 200,028 ounces of gold and gold equivalents during the 12 months, up 23% on 2009.In 2011, the figure is likely to be between 210,000 and 220,000, said Highland, part-owned by Chelsea owner Roman Abramovich and Canadian mining giant Barrick Gold.Mnogovershinnoye produced more than expected during the last six months of 2010, up to 94,585 ounces, taking the total for the year to 170,356 ounces.At Novoshirokinskoye, in which Highland has a 48.3% stake, output almost doubled in the second half, up to 38,662 ounces from 20,741 in the first six months. Highland's share was 18,654 and 10,018 ounces respectively.Belaya Gora yielded 1,000 ounces of gold for November and December, but is expected to churn out 1,000 ounces each month this year.The company says it is currently debt free after fast tracking loan repayments. It had cash and cash equivalent of $235m (Ā£149m) at the end of 2010.
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30 Apr 2018 10:36

Highland Gold First Quarter Production Drops At All Three Mines

LONDON (Alliance News) - Highland Gold Mining Ltd on Monday reported a decrease in first-quarter production after issues across its three producing assets in Russia.Overall production in to

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26 Apr 2018 10:47

Highland Gold Mining To Acquire Russian Mine for USD91 Million

LONDON (Alliance News) - Highland Gold Mining Ltd said Thursday that it will acquire an operating mine and two exploration licence areas in the Russian region of Chukotka for USD91 gold miner has

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19 Apr 2018 16:13

UK Dividends Calendar - Next 7 Days

Friday 20 AprilĀ Securities Trust of Scotlanddividend payment dateRanger Direct Lending payment UK

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26 Sep 2016 14:54

Highland Gold posts first half growth, reports fatality

(ShareCast News) - Highland Gold Mining reported its unaudited financial results and production figures for the half year to 30 June on Monday, with 127,697 ounces of gold and gold equivalent sold during the period, up from 119,277 ounces in the first half of 2015. The AIM-traded form had total grou

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19 Sep 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

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14 Sep 2016 15:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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23 May 2016 15:32

Production down slightly at Highland Gold

(ShareCast News) - Highland Gold Mining issued its maiden quarterly operations report on Monday, with a slight decrease in total production. The AIM-traded firm said that in the three months to 31 March, total production at Mnogovershinnoye, Novoshirokinskoye and Belaya Gora reached 56,889 ounces of

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23 May 2016 08:52

Highland Gold Production Drops In Early 2016 But Guidance Still Intact

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20 May 2016 15:02

Dividends Calendar - Week Ahead

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19 May 2016 09:29

Highland Gold Chasing Possible 2.5 Million Ounces At Kekura Project

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18 May 2016 15:05

AGM, EGM Calendar - Week Ahead

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20 Apr 2016 09:12

Highland Gold Mining FY pre-tax profits slump

(ShareCast News) - Full year pre-tax profits at Highland Gold Mining slumped to $13.9m (Ā£9.67m) from $45.5m. Revenue fell to $276.1m from $304.2m as the average realised price for gold and equivalents in 2015 fell to $1,062 per oz from $1,175 a year earlier. Total cash costs reduced by 25.6% to $48

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20 Apr 2016 07:25

Highland Gold Profit Plunges On Impairments But Dividend Maintained

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27 Jan 2016 14:29

Total production rises for Highland Gold

(ShareCast News) - Total gold production was up at Highland Gold in 2015, though lower than expected grades resulted in some disappointments, according to a trading update from the company on Wednesday. The AIM-traded mining firm saw total production at Mnogovershinnoye, Novoshirokinskoye and Belaya

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27 Jan 2016 10:14

Highland Gold Mining Misses Guidance After Lower-Than-Expected Grades

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