The output of U.K. Highland Gold Mining (HGM), which mines in Russia, grew by 0.3% YoY, to 75,000 ounces of gold and gold equivalent in July-September, the company said in a statement on October 21.
Production at the Mnogovershinnoye deposit fell by 9.4%, to 28,950 ounces in the period, output at the Novoshirokinskoye fell insignificantly to 30,025 ounces, at the Belaya Gora it decreased by 28.2%, to 9,100 ounces of gold, and at Valunisty by 26.3%, to 6,950 ounces.
The company confirmed its plans to produce 290,000-300,000 ounces of gold and gold equivalent in 2019, up from 269,500 ounces produced in 2018. (Prime/Ukrainian metal)
