StockMarketWire.com - Highland Gold Mining reports total production of 71,782 oz of gold and gold equivalent at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in the second quarter - an increase of 12% from 64,091 oz in Q2 2015.

The average realised gold price was 1,264 USD/oz over the reporting period. MNV and Novo exceeded internal production targets for the quarter, while at Belaya Gora efforts to optimise operations were ongoing.

Other highlights:

- Exploration work continued on the Northern ore body at MNV, with reserves expected to receive approval from regulators by year-end. - Work commenced on the planned expansion of processing capacity at the Novo mill. - A Fatal Flaw Review of the pre-feasibility study for Kekura, completed by RungePincockMinarco, supported open pit and underground mine design.



Story provided by StockMarketWire.com