According to Highland Gold Mining Limited, on March 10, the first gold ingot was produced at Kekura. The weight of the ingot, produced at the modernized machine, was 1.4 kg. Excavation began last October. The capacity of the machine is 120 thousand tons of ore per year. Extraction is expected at the level of 35%.…
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…
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…
Highland Gold Mining Limited intends to commission the Blagodatnoye deposit in Khabarovsk region in 2024. The deposit resources are estimated at 777 thousand ounces of gold. At present the company is developing the Belay Gora deposit with the reserves of 601 thousand ounces of gold. Both deposits could be developed until 2032. Ore will be…
Bazovye Metally will construct a mining and processing plant at the Kekura deposit in Chukotka. The project will be carried out in 2019-2027. The first gold-extracting factory will be commissioned in 2020, and the second in 2023. Investments will amount to 18.4 billion rubles. Klyon LLC will develop a gold and silver deposit of the…
Highland Gold Mining Limited has reassessed the ore reserves at the Mnogovershinnoye deposit according to JORC (2012). Thus, gold quantity in ore as of January 1, 2018 increased to 771,569 ounces from 452,866 ounces. Gold contents dropped from 5.5 g per ton to 2.7 g per ton due to the considerable increase in ore volumes…
Highland Gold Mining (HGM) has no plans to change the production plan after a snow slide has hit its mine Mnogovershinnoye in the Khabarovsk region. “Works on tunnel 1 were suspended. The other tunnels of mine Mnogovershinnoye are working as usual, the plant is working as well, and the plan for ready product output remains…
Highland Gold Mining has received a right from the Federal Antimonopoly Service to finalize the deal to purchase gold-extracting assets in Chukotka Autonomous District from Aristus Holdings Ltd (Cyprus), owned by Roman Abramovich and his partners. The volume of the deal is $91 million, including $78.7 million to be paid in HGM shares (over 38.621…
