StockMarketWire.com - ighland Gold Mining's production of gold and gold equivalent totalled of 191,752 oz over the first nine months of the year, in line with 191,408 oz a year ago.

Q3 production was 63,096 oz - 11% down on last time. The company said production at Mnogovershinnoye (MNV) and Novoshirokinskoye (Novo) was in line with Q3 of last year but output at Belaya Gora was lower due to management decision to process lower grade stockpiles while contractor SRK develops updated mining and processing plans.

Other highlights:

- Average Q3 realised gold price of 1,335 USD/oz.

- Exploration drilling programmes totalling over 60k metres completed at MNV, Kekura, Blagodatnoye and Sredny Golgotay.

- At Kekura, Fluor awarded a contract for key sections of a detailed feasibility study (DFS), while construction of key infrastructure is under way.

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


At 4:12pm: [LON:HGM] Highland Gold Mining Ltd share price was -12p at 156.75p



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