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
  -0.50p -0.34% 145.75p 145.50p 146.00p 147.50p 144.75p 144.75p 73,065 09:06:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 187.4 9.4 -2.2 - 472.23

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Date Time Title Posts
28/4/201709:22Highland gold 2005 with charts8,676.00
20/9/201211:04HGM Bullish chart!-
26/1/200918:05HGM Highland Gold gets her AIM kilt on !12.00
07/6/200817:34Why recent price movements?-
23/5/200510:28RUSSIAN GOLD68.00

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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 146.25p.
Highland Gold Mining has a 4 week average price of 141.25p and a 12 week average price of 141.25p.
The 1 year high share price is 195.50p while the 1 year low share price is currently 81p.
There are currently 323,997,098 shares in issue and the average daily traded volume is 2,688,040 shares. The market capitalisation of Highland Gold Mining is £473,845,755.83.
srpactive: BD The gold price over the past 30 days has remained positive, from $1257 to $1290, $1263. Whilst at the same time hgm has fallen from 190p to 142p some twenty five percent, this would have triggered many stops to create sell upon sell for some investors, falsely in my honest opinion. Now once the share price starts to appreciate, I feel investors will be happy to buy at around 150 - 160p thinking they have bought well instead of 190p and the price firms and improves. GC, I know you are not in gdl, but wish me luck for tomorrow. AIMHO, DYOR.
srpactive: Just looking at possible future dividends and the past share price. I do not think it will be long before the dividend is the same value as the share price in late 2014, I feel it will only be a few years until we see a 20 -30p pa dividend, gold getting towards $1400 would be very profitable for hgm, as estimates suggest costs of $550 po by 2020. Looking very good, dyor.
srpactive: With the Numis price target of 230p and the price of gold popping out the other day, we are knocked down sharply to 175p. Am I the only one that thinks this is very strange? I feel we are being marked down for a 30% premium bid to get pushed through, dyor. In the past two sessions gold pushes through $1250 to $1282 and hgm share price falls from 189p to 175p, really. Just after the open hgm was being offered by bsl at 194p which was in line with the big rise in gold last night, then suddenly out of the blue we were 175p and lower, then back to 175p. Bid probably being prepared as we speak, dyor.
bigdazzler: trt8 Feb '17 - 09:33 - 8184 of 8210 0 0 Experts are predicting gold price to settle at $1000 level. Talk of the share price rising to over £2.00 and then on to £4.00 is blatant ramping. If gold does settle at $1000 then we have a big fall in the share price from current levels. I think holders are nervous at these levels and a wee bit of profit taking at this time could well tempt others into selling and we could see some sudden big falls. Be careful !!! trt I would suggest you have the worst record on advfn and that is saying something with some of the posters you see on this boards. If you had traded on you recommendations you would have blown your account by know. HGM £1.94 this morning was it??? What is your motive do you like being wrong?
trt: Experts are predicting gold price to settle at $1000 level. Talk of the share price rising to over £2.00 and then on to £4.00 is blatant ramping. If gold does settle at $1000 then we have a big fall in the share price from current levels. I think holders are nervous at these levels and a wee bit of profit taking at this time could well tempt others into selling and we could see some sudden big falls. Be careful !!!
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.
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
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
Highland Gold share price data is direct from the London Stock Exchange
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