- Highland Gold Mining has appointed Denis Alexandrov as chief executive of its Moscow-based management company, Russdragmet LLC, from 18 January.

Alexandrov will be responsible for overseeing the company's operations in the Russian Federation and Kyrgyzstan. Outgoing CEO Valery Oyf will remain with the company as non-executive director.

Executive chairman Eugene Shvidler said: "On behalf of the board, I would like to welcome Denis Alexandrov back to the company. His strong natural resources industry management experience and financial background will be instrumental in helping to navigate the challenging period ahead for Highland Gold." The board also put on record its thanks to Oyf for his stewardship over the past eight years, during which the company witnessed substantial growth, brought the Novoshirokinskoye and Belaya Gora mines online, reduced costs, and improved efficiency.

The board is pleased Oyf remains with the group as a director, ensuring continuity and his continued valuable input and insight. Oyf also remains a key shareholder in Highland Gold.

At 9:04am: [LON:HGM] Highland Gold Mining Ltd share price was +1.63p at 56.38p

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