StockMarketWire.com - Highland Gold Mining has maintained its output guidance for the year of gold and gold equivalents of 270,000 - 285,000 ounces.

The group says total H1 production of gold and gold equivalents at Mnogovershinnoye, Novoshirokinskoye and Belaya Gora was 121,242 oz - a 1% increase from 120,121 oz in H1 2014.

Other highlighs:

- Continued optimisation of operations at the Belaya Gora processing plant, with gold recovery rates reaching 76% on average (21% higher than in H1 2014) and 80.9% in June.

- Steady operations at Novo, with ore processing volumes set to rise to an annual rate of 630,000 - 650,000 tonnes by year-end.

- Work on Kekura progressing as planned, including state approval of Russian-compliant reserves, finalisation of processing studies; and initiation of work on technical design documentation.




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