* Highland Gold H1 gold output up 9.5 pct, yr-on-yr
* Highland Gold shares up 0.43 pct
MOSCOW Aug 10 Russian gold miner Highland Gold
is on track to meet its full-year output target of
200,000-215,000 troy ounces of gold and gold equivalents, the
company said on Friday, after reporting a strong first-half
In the first six months of 2012 gold equivalent production -
a measure of gold and other metals expressed in units of gold -
rose 9.5 percent, year-on-year, to 101,900 ounces, Highland
The company, which produces gold from Mnogovershinnoye,
Novoshirokinskoye and Belaya Gora mines in Russia, added its
average gold sale price increased 13 percent, year-on-year, to
$1,641 per ounce.
The gold price rose 3 percent this year in London and
was at $1,607.50 an ounce by 0739 GMT. It remained on track for
a second weekly gain in three weeks, bolstered by hopes China
could move to stimulate growth.
Highland Gold added that its total JORC compliant resources
reached 12.9 million ounces and were up 16 percent compared to
the end of 2011.
In 2011 Highland Gold missed output forecast, producing
184,102 ounces of gold and gold equivalents.
Highland Gold shares were up 0.43 percent at 117 pence at
0742 GMT in London.