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Resources round-up: Mercury Recycling, Highland Gold Mining, Mariana Resources

Fri, 10th Aug 2012 12:46

It 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 Complex in South Africa. The Tribesman claim they have occupancy rights over the land. Mercury says its lawyers think the claim is a load of nonsense. The market is not impressed. Russia focused precious metal company Highland Gold Mining said combined production of gold and gold equivalents from the MNV Novo site, in which it has a 97.5% interest, and Belaya Gora totalled 101,900 oz, a 9.5% increase compared with the same period in 2011. The fully unhedged averaged gold sale price was 13% higher at $1,641 per ounce. The firm is set to produce between 200,000 and 215,000 ounces of gold by the end of the year. Its Joint Ore Reserves Committee (JORC) compliant resource estimate has been increased 16% to 12.9m ounces. Mariana Resources the resources company focused on Argentina and Chile says in the first half of the year it made a consolidated loss of £2.0m, compared to £2.2m in the same period of 2011. The company is still waiting for test results from one of its sites near Santa Cruz in Chile, with delivery expected in August. If the results are positive it may be able to upgrade its resource estimate. BS
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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 April 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 (£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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