StockMarketWire.com - Highland Gold Mining's total production at Mnogovershinnoye, Novoshirokinskoye and Belaya Gora rose to 131,784 oz of gold and gold equivalent in the first half of the year - 2.4% up on last time.

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

Highlights:

-Total Q2 2017 production was 66,536 oz of gold and gold equivalent versus 71,782 oz in Q2 2016.



- MNV and Novo improved on H1 2016 gold and gold equivalent production by 13% and 4.5%, respectively.



- At Belaya Gora, increased focus on processing low-grade ore stockpiles pending the completion of an ongoing project review resulted in lower Q2 production.



- Average realised gold price of 1,253 USD/oz.



- New exploration licences were received for two areas adjacent to MNV, and an extensive near-mine exploration programme continued on existing MNV licence areas.






At 9:28am: [LON:HGM] Highland Gold Mining Ltd share price was -2.62p at 144.63p



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