Highland Gold Mining Ld Share Discussion Threads

[garycook] 26/7/2018 12:23

Highland Gold Production Recovers After Tough First Quarter

LONDON (Alliance News) - Russia-focused Highland Gold Mining Ltd on Thursday reported increased second-quarter gold production, though output so far in 2018 is down year-on-year.
Shares were 1.3% higher on Thursday at a price of 135.70 pence each.

Highland produced 69,610 ounces of gold and gold equivalent in the three months to June, up 4.6% year-on-year and 17% on the first quarter of the year.

For the six months to June, production has been 128,921 ounces of gold and gold equivalent, which is 2.2% lower than the same period a year prior due to a weaker first quarter.

Highland has three producing projects: Mnogovershinnoye, Novoshirokinskoye, and Belaya Gora. The first of these is in the Khabarovsk region, as is Belaya Gora, and Novo is in Zabaikalsky region.

First-half production at all three had been hit by technical issues and lower recoveries despite higher ore being mined.

Looking to the rest of 2018, Highland said it is confident on reaching its gold and gold equivalent production target of 265,000 to 275,000 ounces.

[justiceforthemany] 26/7/2018 11:59

Full year EPS projected to be around 20c/approx 16p

Low P/E

[casual47] 26/7/2018 11:44

Bodes well for H1 results. Hopefully silly season will have moved on by then so that it has maximum impact.

[justiceforthemany] 26/7/2018 11:22

NAV is closer to 170p.

PAF another gold miner trading at almost a 100% discount to book price.

[11_percent] 26/7/2018 11:04

Wake up guys,Q2 results out.

look ok to me, and the market.

[casual47] 25/7/2018 14:51

Hui notching up, gold up.

[stevedaytrader] 25/7/2018 12:10

Yes, bottom reached we seems to follow the ftse as gold rises are small and it’s not quite sure what to do- seasonality not helping. Cey seems to more currency related as also in canada exchange

[casual47] 25/7/2018 11:35

Seems on low volume HGM moves more choppily. Yesterday lots of volume but we only got a modest rise. Compare with e.g. CEY, bold rise yesterday and very modest easing back today.

Personally, still think we are at the start of a rally in gold mining stock.

[casual47] 24/7/2018 18:10

Within 1 month of reaching the December 2016 low, the HUI zoomed up by more than 35%

[casual47] 24/7/2018 18:03

HUI today bounced off its year low, which it reached yesterday. Not only that, it was the lowest it's been since end of December 2016, when gold dropped below $1130/oz.

With gold bouncing off $1220/oz this week this tells me: gold miners are oversold!

[stevedaytrader] 24/7/2018 17:02

Yes Casual47, fingers crossed bottom was the other day at mid 132.

[casual47] 24/7/2018 16:45

Excellent finish. Here's to 140p by EOW.

If my eyes didn't fail me there were in total £100K+ worth of transactions above 137p today. Good start for the rebound!

[casual47] 24/7/2018 16:02

Chartists: rebound after double bottom?

[edjge2] 24/7/2018 13:54

Ol gary puilled out

[casual47] 24/7/2018 12:37

Looking at the 1yr and 5yr charts of GDX and GDXJ it does look like there is strong support at current prices and this should be the bottom for gold miners.

[casual47] 24/7/2018 11:42

Robust fight back today from lots of miners. HGM holding tight to the resistance line.

[coxsmn] 24/7/2018 11:08

I've enough gold for now but good entry point.

[edjge2] 24/7/2018 08:43

Loganair I think that china is up to a similar trick. Anyway HGM near a low so yield is multiplied by that and that supports price evn if gold makes $1200 which I doubt.
Neartime gold and metals should bounce, KAZ and CAML starting the copper miners bounce today it seems.

[loganair] 23/7/2018 20:39

Russia has left the top-30 list of top lenders to the United States by radically slashing US Treasury bills ownership.

Zhanna Kulakova, financial consultant at TeleTrade thinks the Russian central bank could re-invest the money from the sale into Chinese bonds and gold. “Gold is a tangible asset that can not be completely depreciated under any circumstances. In periods of global financial or political crises, gold will be much more useful than securities or cash,” Kulakova said noting that gold is also prone to price fluctuations from time to time.

Vladimir Rojankovski, expert at the International Financial Center in Moscow notes that the US Treasuries yield curve is flattening, which makes the notes less attractive for investments. A flattening yield curve is also often regarded as a predictor of a recession.

Rojankovski praises the move by the Russian Central Bank to diversify, but warns that gold price could be manipulated on the market like oil. “In the event of a global decline in the interest of large sovereign investors in US Treasury bonds, I expect an increase in speculative activity in precious metals in order to artificially lower their market valuation,” he said.

[casual47] 23/7/2018 15:05

Hgm so far today enduring the headwinds better than most.

[coxsmn] 22/7/2018 20:30

Any views why gold should be higher?

[casual47] 22/7/2018 16:31

All considering HGM has been pretty resilient.

YoY:

HGM down 8.38%

GDXJ down 7.22%
GDX down 7.64%
POG down 5.33%
CEY down 25.31%
RRS down 20.20%
FRES down 26.65%
HOC down 34.76%
ABX down 23.31%
AU down 16.36%

[11_percent] 22/7/2018 14:25

This is one of my largest holdings and my overall portfolio is down because of it.
I have no doubt that the share price will be back up at 160p within 6 months.

I am going to hedge against a further fall in gold/HGM by using an inverse ETP.
Going for Booster 3SGO.

[loganair] 22/7/2018 14:25

In June Russia added a further 15.6 tonnes of gold into its forex reserves bringing them to a total of 1,944 tonnes.

In the first six months of this year Russia has added a total of 106 tonnes of gold to its reserves.

[coxsmn] 22/7/2018 13:03

Where's srp when the share price is down?