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
  +2.00p +1.39% 146.25p 146.25p 146.75p 146.75p 142.25p 142.25p 1,558,794 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 247.7 53.6 11.7 13.0 473.85

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Date Time Title Posts
21/8/201720:22Highland gold 2005 with charts10,117
12/6/201708:01HGM Bullish chart!1
26/1/200918:05HGM Highland Gold gets her AIM kilt on !12
07/6/200817:34Why recent price movements?-
23/5/200510:28RUSSIAN GOLD68

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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 144.25p.
Highland Gold Mining has a 4 week average price of 133.75p and a 12 week average price of 133.75p.
The 1 year high share price is 195.50p while the 1 year low share price is currently 105.75p.
There are currently 323,997,098 shares in issue and the average daily traded volume is 1,643,176 shares. The market capitalisation of Highland Gold Mining is £473,845,755.83.
loganair: As a long term investor I am amazed at the number of posters who post about the daily movements of a particular share price. For me since I bought HMG a couple of years ago the share price hase risen some 300% plus and have recieved 35% return in way of dividends and I am not really bothered about the daily movements of the HMG share price.
loganair: I often read on this thread how come the price of gold is rising while the share price of HGM is falling or how can a share being falling so heavily when only a few shares have been traded....One of the main reasons are Future Contracts and Options etc which are not reported by the likes of ADVFN. Looking at gold, China the biggest miner of gold do not export any of their gold while the Russian central bank buys all the gold that is mined in their conunty. Between these two countries they mine nearly 25% of yearly gold mined. On the retail buying side, China and India buy in 60% of the yearly gold that is mined and Europe accounts for a further 15%. My last two paragraphs account for 100% of yearly mined gold, other retail and central bank buying therefore must come from already mined gold, which there is not too much off and therefore the price of gold is being manipulated, kept down by the record number of Furture contracts in gold. If the gold price was to freely float I heard that the natural price of gold would be around $3,000/oz. If this was ever to happen then Russia´s FX reserves would increase by around $130bln. The US have not audited their gold reserves since the mid 1950´s which strongly suggests to me that they have far less gold in their reserves than they say they have and China are holding more and would not surprise me is China held as much gold as the US in their reserves.
nervousnovice: I think Bubloo is correct. They have altered the grade they will mine on the minerals and as a consequence the volume has dropped by two thirds. Since 2012 profit fell year on year until this year, and whilst there has been a significant recovery this year it is still just about half what it was in 2012 and less than 2013, the share price stated to track down from January 2012 before bottoming in December 2014 at 24p. Gold didn't bottom until January 2016 and HGM moved ahead disproportionate to gold to a price higher than it wss when gold was $1500-$1750. Throughout the falling profit period HGM continued to pay hefty dividends. Having sold at 180 I an exercising caution and not buying back in yet, the support line in place since January 2016 has been breached, it may well be forming a double bottom or it may be that nothing goes down in a straight line. I may well miss the next ride up but on recovering profitability, one swallow doesn't make a summer, and any bad news straight after the results is likely to drag the share price down. But what do I know, dyor.
garycook: Woodhawk,HGM raised the yearly dividend from 4.5p last year to 10.4p this year an increase of 131%,because profits rose to $48 Million,from a $10 Million loss the previous year.Also forward guidance has stated profits are to remain stable.Therefore if HGM raise the Interim to 6.6p,which is possible from 5p,then that gives an annual 12p dividend.So these figures are srpactive,s 9% forward dividend yield on HGM,s current share price of 133p atm.But by all means DYOR.
little beaker: There is an old saying "never catch a falling knife". Usually the reason for that is that market participants have more information than you do and are trading on undisclosed information. It's sad but true. Now in the case of hgm large unsubstantiated moves aren't unprecedented, but I'm still cautious as it is usually far more profitable to wait for the share price to bottom than buy in during the fall. Hgm has a large number of development projects and an ongoing investigation in belaya gora, and all it takes is an information leak from these projects to move the share price. I'm not saying that is what is happening here (there are technical reasons for a share price fall too), but volume and share price move suggests caution in my opinion.
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.
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.
Highland Gold share price data is direct from the London Stock Exchange
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