Share Name Share Symbol Market Type Share ISIN Share Description
Highland Gold Mining LSE:HGM London Ordinary Share GB0032360173 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +8.00p +4.86% 172.50p 172.50p 173.25p 174.25p 166.25p 169.50p 1,932,617.00 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 187.4 9.4 -2.2 - 558.89

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Date Time Title Posts
14/1/201721:07Highland gold 2005 with charts8,050.00
20/9/201210:04HGM Bullish chart!-
26/1/200918:05HGM Highland Gold gets her AIM kilt on !12.00
07/6/200816:34Why recent price movements?-
23/5/200509:28RUSSIAN GOLD68.00

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Highland Gold (HGM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16/01/2017 17:15:05167.2560,196100,677.81O
16/01/2017 17:01:33166.517951,323.73O
16/01/2017 17:00:14168.689,73116,413.90O
16/01/2017 16:55:43172.849,53516,480.51O
16/01/2017 16:53:27168.813,2075,413.76O
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Highland Gold Daily Update: Highland Gold Mining is listed in the Mining sector of the London Stock Exchange with ticker HGM. The last closing price for Highland Gold was 164.50p.
Highland Gold Mining has a 4 week average price of 143.60p and a 12 week average price of 140.51p.
The 1 year high share price is 174.25p while the 1 year low share price is currently 49.50p.
There are currently 323,997,098 shares in issue and the average daily traded volume is 1,505,438 shares. The market capitalisation of Highland Gold Mining is £558,894,994.05.
srpactive: I feel gold will move towards $1400 this year, which would give hgm management the opportunity to award two 5p dividends and will encourage more income investors, in turn fuelling a rise that momentum investors could send the share price closer to 210p. Charting wise the depth of the cup from 210p to 20p, giving around 190p. When we break higher than the cup at 210p, we can rise a similar amount to the depth of the fall ie 190p, giving circa 400p. If gold gets above $1400 towards $1600 in time 400p will be surpassed easily. RRS stated last year they want gold output growth, one quick and easy way would to buy fellow SA gold miner paf, so mm's and all send it down from 24p to 15p for no real reason, hold it there in preparation for a bid, same as rtd many moons ago. I have been doing this for over thirty years from very young, so no situation surprises me. I think paf will have an approach circa 24p fairly soon., if I was RRS it would be before Mr Trump gets hold of the reins. Hope that helps, every investor must do their own research and take responsibility for their financial decisions. dyor regards active
srpactive: Interesting article. dyor ================= Centamin mines gold at Sukari in Egypt Jon Yeomans 9 January 2017 • 2:43pm Investors in Egyptian gold miner Centamin are set to set enjoy a bumper payout after record production prompted the company to rewrite its dividend policy. The FTSE 250 miner, which operates the giant Sukari mine in Egypt’s eastern desert, said it would pay at least 30pc of its free cashflow in dividends from now on, having previously said its payout would be in the region of 15 to 30pc. The precise amount due to shareholders will be revealed when Centamin unveils its full-year results at the start of February. In its last update, the miner, which is debt free, had around $400m (£329m) in cash on its balance sheet. Chief executive Andrew Pardey has previously said that Centamin is “not a bank” and will return cash to shareholders whenever it can. The change in policy came after Centamin comfortably beat its production forecasts for the year, digging out 551,000 ounces of gold, a 25pc increase on 2015 and well above its guidance range of between 520,000 and 540,000 ounces. Mr Pardey credited production efficiencies, particularly in its processing plant, for helping Centamin exceed its targets. “Having considered the company's financial outlook, as well as our self-funded and staged approach towards project development, the board expects to propose a final 2016 dividend that is above the level envisaged by our current policy,” he added. Centamin achieved a milestone at the end of last year when it repaid the $1bn capital costs of Sukari and began sharing its profits with the Egypt government. Under the terms of its mining licence, it has a 50-50 profit-share agreement with the country. Gold bars Gold prices have risen in the last week Sukari began as an open pit venture but around 45pc of the gold now mined comes from below ground, where the quality, or grade, is higher. Centamin will spend $11.5m this year digging a fresh ramp underground on the northeast side of the deposit to tap new reserves. It also has exploration projects in Burkina Faso and Cote de’Ivoire, though these remain in the early stages of development. Analysts at Investec said the update was “hugely encouraging” while Richard Hatch, analyst at RBC Capital Markets, said Centamin had finished 2016 “with a bang”. The miner was the third biggest riser on the FTSE 250 last year, with shares climbing 115pc on the back of a series of positive updates and a general recovery in the mining sector. Shares rose 1.3pc today to £1.39. Separately, mining group Ferrexpo enjoyed a 5pc bounce in its share price after reporting record sales volumes last year. The Switzerland-based company, with operations in Ukraine, makes premium iron ore pellets for use in steel making. It has benefitted from the withdrawal of Brazilian rival Samarco from the market after the latter suffered a fatal dam collapse in late 2015. Ferrexpo’s share price soared 55pc in 2016 and it joined the FTSE 250 in December. The company said it entered 2017 with a stronger balance sheet having repaid $196m of debt last year.
dilbert dogbreadth: SS Rat all gold producers have a certain amount of leverage to the gold price, high cost producers hAve a high leverage to the gold price and low cost (Hgm) less so but none the less they do have leverage. So I think it is reasonable to assume Hgm will be able to at least maintain their divi as a percentage of the share price. That being said I think it is prudent to expect Hgm's cost to rise due to the strength of the ruble at present.
srpactive: Hgm share price 151p when gold $1270 Hgm share price 148.75p when gold $1302. I think mm's trying to trigger stops before US election. dyor regards active
wilco1000: Couldn't agree more Chip, removing sentiment is certainly the key to investing in my book. Often if a share price starts to turn people's sentiment towards a stock also change even if the inherent company fundamentals remain the same. I remain boyish on the price of gold in the medium term hence any changes in the share price now will not dampen my outlook.
srpactive: As with all companies we must keep an eye on the profitability, growth and sector movements. The miners are taking a bit of a thump after a good run, and it is the end of the third quarter. I am still happy with HGM and the sector, but yes a little disappointed with the share price but the gold price is still at a good level. If you put the chart up from 2003, it will give a better view rather than just the past two weeks. dyor regards active
gersemi: Highland Gold offers a good leveraged play on gold prices says Gary Newman Highland Gold (LSE:HGM) is well worth a look at the moment with the recent rally in commodity prices expected to extend at least throughout the rest of the year. Like most gold producers, Highland Gold has already enjoyed a good run upwards in its share price, but it looks like there could still be plenty more to come for shares in this AIM 100 listed company. Unlike so many resource companies on AIM, Highland has been profitable on a net basis and the last couple of years it only made a loss once taxes and impairment had been applied, and for the year ended December 31 2015 the company recorded a pre-tax profit of circa $23 million but ended up with a net loss of $10 million. Ignoring exchange rate losses, impairment and with a normalised tax rate, that would have resulted in a net profit of nearly $50 million. During 2015 the company also paid out 4.5p per share in dividends, and even with the share price having recovered to 90p now, that still gives a yield of around 5% and makes the income attractive – the final dividend of 2.5p has recently been paid. Performance during 2015 was affected by the gold price, along with other commodities as the company uses gold equivalent production figures and only realised a sale price of $1,062/oz overall, compared to $1,175/oz in 2014. That resulted in revenue of $276 million from its three producing mines in Russia and an operating profit of $22 million, and that should be a fair bit higher for the coming year if gold prices stay anywhere near current levels. The company has also managed to substantially reduce the all-in sustaining cash cost of the Mnogovershinnoye, Novoshirokinskoye, and Belaya Gora mines, although that is partly down to the devaluation of the Ruble, and now stands at $640/oz compared to $809/oz for 2014. Cash costs of production are now down to around $480/oz. The latest production figures for Q1 2016 showed a decent performance with nearly 57,000 ounces produced, and the Kekura project is also progressing towards production, with probable ore reserves of 1.67Moz in total, of which 1.51Moz is via open pit mining. The pre-feasibility study recently released estimated that it would cost $188 million for the project and it would take three years to pay that back, with a total mine life of around 8 years and producing 209,000oz per annum, and giving a discounted NPV after tax of around $357 million (based on an average gold price of $1,150/oz). This isn’t expected to be producing until 2018/19 though. In terms of cash in the bank, the company only had around $3 million at the end of 2015, but it has since agreed a $50 million bank loan at a rate of LIBOR plus 5% which will be used to refinance existing debt and has an 18 month repayment holiday on this. Net debt to EBITDA dropped to 1.7 from 2 the previous year and is well within what you would expect for this type of company. With total debt down to $253 million and at an average interest rate of just 5.49%. In reality with this type of play at the moment all that really matters is that the company is in a good financial position with a reasonably strong balance sheet, as it all comes down to being a leveraged play on the price of gold, and if that stays at current levels or rises higher, then I think Highland Gold will do well from the current share price of 90p and market cap of around £292 million.
loganair: I'm not too worried about the short term price of gold or HGM share price as some time in the future all the debt the Western world has been taking on will blow up in to another financial crisis and when this happens Gold will sky rocket in price and so will the gold miners.
srpactive: Going into the Autumn / winter in the west we have to be very nice to Putin so end of sanctions and a rising hgm share price, bought more earlier. dyor regards active
ukwang: HGM share price, maybe down to 58-60p ? gold price down to 1200$ ?
Highland Gold share price data is direct from the London Stock Exchange
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