Highland Gold Mining, backed by Russian billionaire Roman Abramovich, has posted weak 1H 2012 financial results. Net profit dropped by 64% to USD 45 million despite revenue growth of 2.1% to USD 161 billion.
HIGHLAND GOLD MINING Mining News
Russian gold miner Highland Gold said Friday it is on track to meet its full-year output target of 200,000-215,000 troy ounces of gold and gold equivalents.
Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.
The Russian miner announced its first shipment of concentrate from the Novoshirokinskoye mine last month