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"Non core" Highland Gold cut adrift by Barrick

Mon, 13th Feb 2012 11:07

Barrick 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 value of the stake is around £112m based on the closing price last Friday. By 11.20am the stock had dropped 5.4%. Over the last 12 months Highland shares have fallen 12%.BS
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Highland Gold Mining production up 14% in first half

Highland Gold Mining's total production of gold and gold equivalents rose 13.7% in the first half of 2014. The firm maintained its full-year production guidance at 300,000 ounces of gold and gold equivalents, after production in the first half rose to 120,121 ounces. This includes the combined co

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Tuesday broker round-up UPDATE

African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito

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