Highland Gold Mining Ld Share Discussion Threads

[11_percent] 06/9/2017 04:27

This is worth holding for the divi alone.

[garycook] 06/9/2017 04:22

coxsmn,He,s back.

[coxsmn] 05/9/2017 15:38

What happened to Srpactive!

[trt] 05/9/2017 13:57

After all it's 6.3% !

[trt] 05/9/2017 13:57

Times article today on highland gold worth reading. It's suggests holding for a reliable source of attractive dividend income.

[fangorn2] 05/9/2017 13:20

Surely just a matter of time before Kim Yong Un crosses the rubicon and US thus forced to unleash fire & brimstone.

Just a case of US waiting for chance to "respond" rather than initiate first strike.
First strike, China will be a problem.
If it's retaliatory action,China will take a step back imo.

War looking very likely in many hot spots round the world...

[trt] 05/9/2017 12:55

If it kicks off in North Korea we could see £2.50 pretty quickly ! Got to be in it to win it !!

[killary cunton] 05/9/2017 11:17

Gold price significantly above the interims average gold price

[killary cunton] 05/9/2017 10:56

If chopsy is around maybe you could put a rouble chart in header as it has a significant effect on costs

[killary cunton] 05/9/2017 10:50

Good to have you back srp, good solid results, traders gone, move to 1.80

[edjge2] 05/9/2017 08:18

thanks Gary useful info. CPX and IQE looking up and wonderful divi coming in HGM soon.
NK likely to pressure gold up. Bay of Pigs this is not. Prepare for WW3 and all social disruption that brings, even here, as Trump bides his date to hit them 2-3am. Negotiation aint on. Weekends are NK action focus so remain in PMs fridays IMO.
Should support oil as many countries stock up their oil bunkers in preparation to move machinery about. Another PFC and similar positive but PFC currently down.

[garycook] 05/9/2017 07:49

Heavy now in GVC,HGM,and PFC,which has just had a 340 Million Euro contract win from Gazprom.Advise buying PFC at 409,but will be up now today on the RNS.

[srpactive] 05/9/2017 07:45

Thank you, I think we will be alot higher in 2018.

Hopefully talk later.

Have a successful day.

[garycook] 05/9/2017 07:35

Good to have you back.Yes read about Gold going to $1,400 by year end.

[srpactive] 05/9/2017 07:30

Illness in the family unfortunately and also very busy.

The gold price is going to rocket over the next few years
in my opinion, and take the miners alot higher, Russian
mining consolidation will be the talk of quarter four and
into 2018, dyor.

[garycook] 05/9/2017 04:22

Where have you been ? Thought something had happened to you.

[srpactive] 04/9/2017 18:35

Good post gc, I am still buying here.

[pitball] 04/9/2017 15:16

Yes, now factoring costs @ usd rouble rate of 58 2/3rd of costs in rouble. (V.bad phone line so hopefully others with more info) full year will be within guidance

[killary cunton] 04/9/2017 15:11

Anyone listen to conference call?

[garycook] 04/9/2017 14:58

Shares of Highland Gold Mining (LSE: HGM) are trading modestly lower at around 160p having seen a decent run-up in advance of today’s half-year results. This well-established Russia-focused miner said it had delivered “a solid operational performance” during the period and is “well placed” to meet its production guidance of 255,000 to 265,000 ounces for the full year.
Gold-star prospect

Highland’s first-half production of 131,784 ounces, revenue of £147m and average gold price realised of $1,238 per ounce were all slightly ahead of the same period last year. EBITDA was 8% lower (as expected), mainly due to a stronger rouble, higher production costs and utilisation of low-grade ore at its Belaya Gora operation.

Despite the lower EBITDA margin — 50% from 54% — it remains within range of the most efficient gold miners. And total cash costs, which increased 15% to $509 per ounce, are still well below the industry median. Period-end net debt of $204m is reasonable for a company with a market cap of £520m ($670m) and a running net debt-to-EBITDA ratio of 1.3.

Highland’s operating efficiency and affordable borrowing costs mean there’s plenty of cash flow for both investment (it said today it’s seeing “substantial progress in each of the projects targeted for the company’s future growth”) and dividends for shareholders.

The City’s earnings-per-share (EPS) consensus for the current year is for a rise from last year’s 14.5 cents to 18.5 cents (14.3p), giving an undemanding price-to-earnings (P/E) ratio of 11.2 and a price-to-earnings growth (PEG) ratio of 0.4, which is deeply on the value side of the PEG fair-value marker of one. With the company also forecast to pay a dividend of 11.5 cents (8.9p), giving a gold-star 5.6% yield, I rate the stock a ‘buy’.

[pitball] 04/9/2017 14:08

4 posts previously

[return_of_the_apeman] 04/9/2017 14:06

zangdook4 Sep '17 - 08:21 - 10150 of 10154 2 0
Au contraire, mon cher:

The Board of Directors has approved an interim dividend of £0.0498 per share, to be paid to shareholders on 13 October 2017. The ex-dividend date is 14 September 2017 and the record date is 15 September 2017.

[shayadfn] 04/9/2017 13:13

Anyone know the XD date?

[zangdook] 04/9/2017 08:52

They'll save £65k by paying 4.98p instead of 5p. I wonder why they bothered to change it. Do they have a formula for calculating the dividend? I haven't seen one.