Highland Gold Mining Ld Share Discussion Threads

[loganair] 04/6/2018 10:04

Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world's second largest producer of the precious metal.

The country is currently third in the global rating of gold miners after Australia and China. However, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute of Geotechnology.

Russia extracted 8.8 million ounces, accounting for 8.3 percent of total global production, according to data by the UK consultancy Metals Focus. The newly discovered gold deposits will reportedly allow miners to increase extraction by half in seven years. By 2030, extraction is expected to grow by nearly eight million ounces.

Earlier this year, state exploration company Rosgeo said that a new discovery, holding some 900 tons of silver and gold, was found in the Republic of Bashkortostan. According to initial estimates, there are some 87 tons-worth of gold in the area. Silver deposits, meanwhile, are estimated at 787 tons.

The Russian gold mining industry has almost doubled its volume of extraction over the last two decades. The country’s producers mined 2,189 tons of gold over the last 10 years, according to the Russian Union of Gold Producers.

There’s a number of major gold mining regions in Russia, including the most prospective in the world. Krasnoyarsk region in central Russia has two of major operations – Olimpiada and Blagodatnoye. Chukotka region in Russia’s Far East is home to one of the biggest Russian miners, the Dvoinoye and the Kupol operations.

The regions of Amur and Magadan are the fastest growing gold hubs while Siberian city of Irkutsk is also one of the most prominent mining areas in the country.

[bonnard] 01/6/2018 09:39

I think the Russians like the less demanding compliance requirements of the AIM.

[srpactive] 01/6/2018 09:20

I would have thought a more sensible option to
consolidate Russian mining assets is for Poly
to acquire hgm and push for a ftse100 listing
in time, dyor.

[srpactive] 01/6/2018 08:19

B

Where does it say HGM in that article?

The one you mention was 22 June 2017, when Renova
were holders, now not. Very old news, not helpful for
longs anyway.

DYOR.

11%

Do not waste your money.

It is about time they stated if Mr A can sell his £1.5bn stake in
Nornickel, the courtcase finished two weeks ago, and that is
when they said the decision would be made by. DYOR.

[bonnard] 01/6/2018 08:14

Yes, DT online. It refers to unreferenced Russian newspaper items.

[11_percent] 01/6/2018 08:09

Ok...off to buy the DT...

[srpactive] 01/6/2018 08:04

Online?

The article I have read is about replacing the board, Renova
sold out a while ago and have no say, I believe.

[bonnard] 01/6/2018 08:03

Srp, I read it in the Daily Telegraph this morning.

[srpactive] 01/6/2018 07:17

B

Do you have the article, or are you posting old news as
Renova has sold their stake in Petropavlovsk ( pog)?

[bonnard] 01/6/2018 03:13

From a report in this morning's DT about POG, 'Reports in the Russian press have suggested that Renova intends to merge all or part of Petropavlovsk with Highland Gold, a gold miner part-owned by Roman Abramovich.'

[loganair] 31/5/2018 19:51

The problem is May is a very weak person and is unable to stand on her own two feet and make a decision.

[montyhedge] 31/5/2018 18:08

May will regret this, UK just shot themselves in the foot, if the obligarch's start leaving.

[loganair] 31/5/2018 13:59

One of the richest men in history, Andrew Carnegie, had some better advice for investors:

He said it’s okay to put all your eggs in one basket … “As long as you WATCH the basket!”

[casual47] 31/5/2018 13:55

Would he put any cash from selling Chelsea/Nornickel etc towards HGM?

It would just concentrate his funds into one asset in one country. Doesn't seem very smart, especially as his current friendly relationship with the Kremlin may not last.

[loganair] 31/5/2018 13:49

It seems to me that is becoming a more and more likely that Russian's will start to leave the UK and take their many billions of pounds with them.

[loganair] 31/5/2018 13:17

Chelsea Football club have just announce that the building of their new stadium has been put on hold.

[stevedaytrader] 31/5/2018 06:40

Some misses in the usa which is good for gold, although almost are predicting only temporary. We’ll see- and better to get these misses-

[loganair] 30/5/2018 23:17

If anyone is interested in other Russian Gold Miners Trans Siberian Gold (TSG) are paying a 9% Dividend Yield and have just rolled over their loan with a 1/3rd reduction in the rate of interest they are paying.

However I wouldn't touch Petropavlovsk (POG) with a barge pole as it is trading way above fair value and could be running into some serious money problems.

[fangorn2] 30/5/2018 21:47

Privatisations back then were superb :)

Hard to believe how much the UK,and the world, has changed since then!!

[srpactive] 30/5/2018 16:36

I was trading the privatised companies BG for
one. I remember being in lessons with my IC
hidden between the pages reading away when I
should have been reading something else.

[fangorn2] 30/5/2018 16:31

@Srpactive.

Same here..

I was 16-18 and at school at time - Investment Club..Worst howler of the day back then "Ferranti" - still have the certificate on the wall!

[srpactive] 30/5/2018 16:19

f2

Now they were the days, I was a lad to young to trade but
did it some how.