Highland Gold Mining Limited has set the volume of capital investments in 2020 at the level of $205-210 million.
Last year investments amounted to $94 million.
Kekura deposit in Chukotka will account for almost a half of funds. The rest will be invested in Valunistiy mine in Chukotka, as well as Belaya Gora and Zabaikalye in Khabarovsk region.
In 2021-2022 some $100 million will be invested in projects per year.
This year the company intends to produce 290-300 thousand ounces of gold equivalent, 300-320 thousand ounces in 2021 and 320-350 thousand in 2022. In 2023 HGM plans to reach the level of output of 500 thousand ounces.
In 2019 the company yielded 300.7 thousand ounces of gold. (Ukrainian metal)