Highland Gold Mining Ld Share Discussion Threads

[investor73] 09/7/2020 10:14

The production forecast by HGM have been quite good in the past. They usually manage to produce at the top end of their guidence.

[investor73] 09/7/2020 10:03

"H2 is always better than H1"

Second half is likely to be better than last year if the 290,000 to 300,000 oz forecast is met

[casual47] 09/7/2020 09:27

"They're expecting to produce 165,000 to 175,000 oz in the second half,so next year they could be producing between 330,000 to 350,000 oz in full year"

That's not how mining works. H2 is always better than H1 and grades swell and pinch along the veins.

[kennyp52] 09/7/2020 09:07

Investor73 .. you might need to add .....

Equipment is on-site and buildings are currently being erected for the processing plant expansions at Novoshirokinskoye (Novo) and Belaya Gora, with both projects on track for completion this year.

Kekura construction also continues as scheduled, with several second phase facilities in progress including the main processing plant and the camp expansion.

Construction has begun on the Baley ZIF-1 Tailings heap leach project, which is expected to produce first gold in 2022 with average annual output of 15,000 oz over 11 years.

[kennyp52] 09/7/2020 09:04

Higher grades accessible after waste stripping so the annual guidance seems a formality barring any major issues . Just a solid RNS on current and future operations . share price up and set to improve further IMHO with POG breaking comfortably through $1800 . This alongside CEY is a good solid gold holding IMO .

[investor73] 09/7/2020 07:58

"
For the first half of the year (“H1 2020”), total production was 125,347 oz of gold and gold equivalent, also in-line with internal production targets"


"The Company affirms its guidance for total production of 290,000-300,000 oz of gold and gold equivalent in 2020."

They're expecting to produce 165,000 to 175,000 oz in the second half,so next year they could be producing between 330,000 to 350,000 oz in full year.

[stevedaytrader] 09/7/2020 07:23

HIGHLAND GOLD MINING LIMITED
09 July 2020


Q2 2020 Operating Results

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today reports its operating results for the three months ended 30 June 2020 ("Q2 2020").

HIGHLIGHTS

Highland Gold’s four operating mines produced a total of 61,357 oz of gold and gold equivalent in Q2 2020, in-line with production forecasts for the quarter (Q2 2019: 70,293 oz).

For the first half of the year (“H1 2020”), total production was 125,347 oz of gold and gold equivalent, also in-line with internal production targets (H1 2019: 142,254 oz).

The Company affirms its guidance for total production of 290,000-300,000 oz of gold and gold equivalent in 2020.

Mnogovershinnoye (MNV) and Valunisty increased waste stripping by 101% and 35%, respectively, in H1 2020 in preparation to access higher-grade open pit reserves in the second half of the year.

Equipment is on-site and buildings are currently being erected for the processing plant expansions at Novoshirokinskoye (Novo) and Belaya Gora, with both projects on track for completion this year.

Kekura construction also continues as scheduled, with several second phase facilities in progress including the main processing plant and the camp expansion.

Construction has begun on the Baley ZIF-1 Tailings heap leach project, which is expected to produce first gold in 2022 with average annual output of 15,000 oz over 11 years.

Production, sales and supply chain were not materially affected by the COVID-19 pandemic, as outlined in the pandemic response statement issued by the Company on 29 June 2020.

The average realised gold price was US$ 1,723 per ounce in the second quarter and US$ 1,655 in the first half of the year.

For more details and production data, please see the full release on the Highland Gold website.

[pmount] 08/7/2020 23:13

reputation of russian gold miners dinted. there very open clear accounts spotless reputation with no corruption and trust worthy wots not to like.

[return_of_the_apeman] 08/7/2020 15:34

Roughly 3hrs to go before the end and re-start of a new days trading for gold

If it can hold above 1800 then a move to 1900 - 1920 could happen in a few days imo

1hr left here to buy and we know this can gap at opening

Perhaps the last chance this yr to buy at this price?

We shall see

[investor73] 08/7/2020 15:26

Russian mining shares seem to be under pressure due to infighting at POG. The reputation of the Russian gold miners has been dented because of it. It's totally unfair though imo.

[return_of_the_apeman] 08/7/2020 15:24

I think the rules are if he was still selling he would not have had to state his position until finished

He is worth 1.6billion so it wouldn't have made much difference to him if he had sold the lot

May explain what has held the price back here, but figure that he is done now

[investor73] 08/7/2020 15:17

Some other UK listed gold miners are not doing much better today either. AAZ actually down 2%.

[defqon] 08/7/2020 14:48

Casual47He would't notify markets about his last threshold passing if he wouldn't be done with selling..at least this makes sense for me

[dubcharlo] 08/7/2020 14:41

Do you know of evidence of this C47?

[spooky] 08/7/2020 14:21

The only issue i can come up with would be that Q2 operating numbers are imminent and possibly someone has the inside line on them. Its a stretch but i can't think of anything else.

[casual47] 08/7/2020 14:20

Maybe the share price will move whenever Mr. Davidovich has done selling?

[philby1] 08/7/2020 14:18

Gold price on a tear, now $1809 :)

[return_of_the_apeman] 08/7/2020 13:37

Defqon,

I am expecting the world to wake up at the start of Sept to what a bargain this is, followed by a sustained re-rate

Bonkers shr price

[investor73] 08/7/2020 11:12

With gold price above $1800, HGM can't stay at this price for long imo.

[return_of_the_apeman] 08/7/2020 10:34

Gold $1800, hgm £2.30 - totally bewildered so added 5k more shrs this morning

Looks like the chart is just finishing the handle from the cup that began in Aug 2019 which should target £3.30

Forward pe < 4, 25% FCF divi policy creates a yield here > 10%

Production could nearly double in 3 yrs - with a modest pe of 8 this would nearly quadruple the shrs from here

Bring on the opperations update and get ready for h1 results around 1st sept

[kennyp52] 07/7/2020 23:18

Just feels like HGM lagging . I hope for all here they hit production as I can see it , alongside POG of $1800 , pushing it back to 250+. Good dividend paying solid gold miner IMHO.

[casual47] 07/7/2020 18:48

Juniors especially should have biggest leverage on gold price now, e.g. miners that were struggling to be profitable at $1400/oz.

No surprise that GDXJ is at 52 (up 75% vs 3m ago)

While GDX is at 38 (up 52% vs 3m ago)

[gary1966] 07/7/2020 16:34

Yep added just over 75% to my holding today as really can't understand why they are so weak today.