StockMarketWire.com - Highland Gold Mining posted a net profit of $47.9m for the year to the end of December against a net loss of $10.0m last time.

Revenues rose to $305.9m from $276.2m and operating profits increased to $69.4m from $22.4m.

The group said total 2016 production of 261,159 oz of gold and gold equivalent was in the upper half of the guidance range for the year of 255-265k oz. (2015 production: 262,485 oz).

The average realised price for gold and gold equivalent in 2016 was US$1,136 per oz (2015: US$1,062 per oz).





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