StockMarketWire.com - Highland Gold Mining's production at Mnogovershinnoye, Novoshirokinskoye and Belaya Gora totalled 56,889 oz of gold and gold equivalents in the first quarter, compared to 57,421 oz a year ago.

The group said MNV and Novo exceeded internal production targets for the quarter and processing optimisation at the Belaya Gora mill is ongoing, with volumes rising by 32% versus the corresponding period in 2015 but grades were slightly below expectations.

The group said work continued on a draft Kekura pre-feasibility study and JORC resource audit (finalized in Q2) including updated and detailed mine design and mill parameters. The development of design documentation continues.

The company affirms its forecast for total production of gold and gold equivalents of 255,000-265,000 oz for the full year.






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