The Ukrainian Metal

Russia: HGM gold output down in Q1 2018

In January-March Highland Gold Mining Limited obtained 59.31 thousand ounces of gold and gold equivalent, down by 9% YoY.

This year the company intends to yield 265-275 thousand ounces of gold equivalent.

Average gold price in Q1 was $1329 per ounce.

Last year gold output at HGM enterprises grew by 4.3% YoY, to 272.3 thousand ounces. (Ukrainian metal)

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