- Highland Gold Mining has announced total ore reserves of 500,400 oz at its Mnogovershinnoye mine following JORC-compliant estimates carried out by Micon International Co Limited.

Highland Gold said this compared to 245,618 oz previously estimated to remain from the last reserve audit conducted in 2012 and reported in the company's 2016 Annual Report.

It said the latest estimates took into account data from the extensive near-mine exploration programme conducted at MNV in 2016, which included over 14,000 metres of diamond drilling.

Highland Gold said the data supports the extension of MNV's life of mine to 2022, as announced earlier this year.

At 8:20am: [LON:HGM] Highland Gold Mining Ltd share price was -0.87p at 131.88p

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