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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Highland Gold Mining Ld | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 299.60 | 299.80 | 300.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHGM
RNS Number : 0876H
Highland Gold Mining Limited
05 June 2017
HIGHLAND GOLD MINING LIMITED
05 June 2017
Highland Gold Cleared to Proceed with Kekura Development
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce that it has received clearance from the government of the Russian Federation for development of the Kekura gold deposit, in accordance with mining legislation that covers mineral deposits of "federal significance".
By virtue of its size, Kekura is designated under law as federally significant, thereby requiring the Company to apply for special dispensation to begin mining at the site. This permit is in addition to the standard exploration and mining licences already held by the Company for Kekura and the surrounding Stadukhinsky ore zone.
Kekura, located in the Chukotka region in Russia's Far East, is the Company's flagship development project with estimated JORC-compliant reserves of 1.7 million ounces of gold. Substantial exploration work and technical studies have already been completed at the site to date, along with initial infrastructure and building construction. A definitive feasibility study is currently in development and scheduled for completion this autumn, with a view towards beginning commercial production in 2020.
FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold John Mann, Head of Communications + 7 495 424 95 21 Duncan Baxter, Non-Executive Director + 44 (0) 1534 814 202 Numis Securities Limited John Prior, James Black (Nominated Adviser and Broker) Paul Gillam +44 (0) 207 260 1000 Peat & Co Charlie Peat (Joint Broker) +44 (0) 207 104 2334
This information is provided by RNS
The company news service from the London Stock Exchange
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June 05, 2017 02:00 ET (06:00 GMT)
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