Edition:
United States

Highland Gold Mining Ltd (HGM.L)

HGM.L on London Stock Exchange

152.75GBp
12:11pm EDT
Change (% chg)

-1.50 (-0.97%)
Prev Close
154.25
Open
156.50
Day's High
156.50
Day's Low
150.25
Volume
2,600,433
Avg. Vol
2,602,770
52-wk High
195.50
52-wk Low
81.00

Latest Key Developments (Source: Significant Developments)

Highland Gold receives new exploration licenses adjacent to MNV
Monday, 22 May 2017 02:00am EDT 

May 22 (Reuters) - HIGHLAND GOLD ::SAYS RECEIVED EXPLORATION LICENSES FOR TWO GREENFIELD SITES ADJACENT TO EXISTING LICENSE AREAS FOR MNOGOVERSHINNOYE MINE (MNV).SAYS KULIBINSKAYA LICENSE AREA, LOCATED TO SOUTH WEST OF MNV, COVERS A TERRITORY OF 38 SQUARE KILOMETERS, WHILE ZAMANCHIVAYA AREA INCLUDES 4.2 SQ. KM TO NORTH EAST OF MNV.SAYS LICENSES WERE GRANTED FOR A PERIOD OF SEVEN YEARS.  Full Article

Highland Gold says total ore reserves estimates at MNV increase to 500,400 oz
Friday, 5 May 2017 02:08am EDT 

May 5 (Reuters) - Highland Gold :Announces updated resource and reserve estimates for Mnogovershinnoye (MNV) mine.Total ore reserves increased to 500,400 oz, compared to 245,618 oz previously estimated.  Full Article

Highland Gold Q1 gold production up 14.7% YR/YR
Thursday, 27 Apr 2017 02:01am EDT 

April 27 (Reuters) - Highland Gold :Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in Q1 2017 of 65,243 oz of gold and gold equivalent, up 14.7 percent from 56,889 oz in Q1 2016.  Full Article

Highland Gold Mining FY 2016 net result turns to profit of $47.9 mln
Monday, 10 Apr 2017 02:00am EDT 

Highland Gold Mining : FY 2016 net profit $47.9 million versus loss of $10.0 million year ago . FY 2016 revenue $305.9 million versus $276.2 million year ago . FY 2016 EBITDA of $162.5 million versus $133.3 million year ago . Net debt position including lease liabilities $205.5 million as of Dec. 31, 2016, compared with $231.4 million as of Dec. 31, 2015 .Final dividend of £0.054 per share recommended, making a total distribution of £0.104 per share for 2016 9(2015:£0.045 per share).  Full Article

Highland Gold announces Unkurtash scoping study
Monday, 20 Mar 2017 03:04am EDT 

Highland Gold : Announces Unkurtash scoping study . 18-year life of mine with annual production of ~133k ounces . Capital expenditures for project development pegged at US$ 322 million .Mining plan envisioning two open pits of similar size.  Full Article

Highland Gold Q4 2016 total production of gold and gold equivalent down at 69,237 oz
Thursday, 26 Jan 2017 04:03am EST 

Highland Gold : Total Q4 2016 production of 69,237 oz versus 70,377 oz in Q4 2015 . Says total 2016 production of 261,159 oz of gold and gold equivalent versus 262,495 oz year ago .Total production of gold and gold equivalents in 2017 expected to remain stable at 255,000-265,000 oz.  Full Article

Highland Gold sees 2020 gold production at 500,000 ounces
Wednesday, 30 Nov 2016 03:03am EST 

Highland Gold :Said on Tuesday sees 2020 gold production at 500,000 ounces.  Full Article

Highland Gold sees H2 CAPEX of about $50 million - CFO
Monday, 26 Sep 2016 05:52am EDT 

Highland Gold Mining Ltd : Sees H2 CAPEX of about $50 million, CFO Alla Baranovskaya said during conference call Further company coverage: [HGM.L] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Highland Gold H1 net profit up at $37.1 mln
Monday, 26 Sep 2016 02:00am EDT 

Highland Gold : H1 revenue rose 13 percent to $147.1 million . H1 net profit $37.05 million versus $14.5 million year ago . H1 net profit increase mainly due to higher revenue, lower cost of sales and foreign exchange gain due to the devaluation of the russian rouble . H1 EBITDA $79.7 million versus $54.9 million year ago . Interim dividend of £0.05 per share approved by board of directors . Affirms its forecast for total production of gold and gold equivalent of 255,000-265,000 oz for the full year 2016 .Net debt position as of June 30, 2016 of $197.9 million versus $232.4 million as of June 30, 2015.  Full Article

Highland Gold signs agreements for state support of Kekura
Monday, 5 Sep 2016 02:00am EDT 

Highland Gold : Says signed two agreements with state agencies on financing and infrastructure to aid in development of Kekura . Says in first agreement, Far East Development Fund (FEDV) committed to providing Highland Gold with a 2 billion rouble ($ 30.7 million) preferential loan . FEDV will also consider future additional financing for Kekura . Says second agreement, signed with Government of Chukotka, and Regional Mining Company (RGK), is memorandum of understanding on improving electricity infrastructure in region .Kekura is located the Far Eastern province of Chukotka.  Full Article

More From Around the Web