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Highland Gold Mining Ltd (HGM.L)

HGM.L on London Stock Exchange

145.75GBp
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Latest Key Developments (Source: Significant Developments)

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

Highland Gold total Q2 production of gold and gold equivalent up 12 pct YoY
Tuesday, 9 Aug 2016 02:00am EDT 

Highland Gold : Total Q2 2016 production of 71,782 oz of gold and gold equivalent at Mnogovershinnoye (MNV), Novoshirokinskoye (NOVO) and Belaya Gora, an increase of 12 pct from 64,091 oz in Q2 2015 .Average realized gold price of $1,264/oz over reporting period.  Full Article

Highland Gold Q1 production of gold and gold equivalents 56,889 oz
Monday, 23 May 2016 02:00am EDT 

Highland Gold : Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in Q1 2016 of 56,889 oz of gold and gold equivalents, compared to 57,421 oz in Q1 2015 . Affirms its forecast for total production of gold and gold equivalents of 255,000-265,000 oz for full year .Average realized gold price of 1,174 USD/oz.  Full Article

Highland Gold Mining Ltd recommends final dividend
Wednesday, 20 Apr 2016 01:00am EDT 

Highland Gold Mining Ltd:Says recommended final dividend of 0.025 pound per share, making a total distribution of 0.045 pound per share for 2015.  Full Article

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