HIGHLAND GOLD MINING Mining News

Highland gold posts weak results but still plans to make acquisitions

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 production up 9.5%, on track for output target

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 makes investors day by hiking dividend 33%

Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.

Highland Gold expects 450,000 tonnes of production from new mine by 2011

The Russian miner announced its first shipment of concentrate from the Novoshirokinskoye mine last month