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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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:7973P
Highland Gold Mining Limited
16 September 2003
16 September 2003
Highland Gold Secures Total Ownership of MNV Assets
The Board of Highland Gold announces that it has today secured the freehold
title for certain fixed assets at its principal operating mine, MNV, in a
competitive auction conducted by the Khabarovsk Administration.
Peter Daresbury, Chairman, Highland Gold, said:
"This is a successful outcome for shareholders. The purchase price of Roubles
818 million (US$26.7m) has secured the assets at fair value. The management
team has achieved a successful conclusion to the auction while sustaining
uninterrupted production from the MNV mine.
"Highland Gold now owns 100% of the assets at MNV and the Board looks forward to
developing MNV's presence in Khabarovsk and sustaining its contribution to the
local community."
Enquiries:
Highland Gold Peter Daresbury +44 (0) 20 7409 5631
Brunswick Patrick Handley / Alison Howard / Mark Antelme +44 (0) 20 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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