StockMarketWire.com - Highland Gold Mining reports total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora of 262,495 oz of gold and gold equivalents in 2015, a 3,558 oz (1.4%) increase from 258,937 oz in 2014.

But it says lower-than-expected grades at Belaya Gora in H2 2015 resulted in shortfall versus full-year production guidance of 270,000 oz.

Total production of gold and gold equivalents in 2016 expected to remain stable at 255,000-265,000 oz as the natural decline at MNV is offset by improvements at Belaya Gora in the 2nd half.






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