Highland Gold Mining Limited, the gold-extracting assets of which are situated in Khabarovsk and Zabaikalye regions, has presented the results for the third quarter and 9 months.
In Q3 the Mnogovershinnoye, Belaya Gora and Novo-Shirokinskoye deposits yielded 4.4% more gold YoY – 74,826 ounces.
In 9 months the output was 203,747 ounces of gold and gold equivalent (203,552 ounces in January-September 2017).
The Novo-Shirokinskoye deposits demonstrated a slight decrease in output.
At the same time the company intends to increase its capacity from 800 thousand tons of ore to 1.3 million tons.
This year HGM plans to extract 265-275 thousand ounces of gold and gold equivalent.
In 2017 the output was 272.3 thousand ounces, up by 4.3% YoY. (Ukrainian metal)