In 2016, Highland Gold reduced gold production by 0.5%

Nadezhda Ivanova's picture

In 2016, Highland Gold produced 261 thousand troy ounces (8.12 tons) of gold and gold equivalent against 262.4 thousand troy ounces (8.16 tons) in 2015. According to the company's report, the rare decreased by 0.5%,.

In the fourth quarter of 2016, the company produced 69.2 thousand ounces (2.15 tons) of gold compared to 70.3 thousand troy ounces (2.18 tons) during the same period of 2015.

The average quarterly selling price of gold made up $1.205 per ounce.

The company expects that in 2017 the production of gold and gold equivalent will remain stable at the level of 255-265 thousand troy ounces.

The mining company Highland Gold was established in 2002. Its activities are focused around the production centers in the Khabarovsk and Trans-Baikal region, in Chukotka, as well as in Kyrgyzstan and Central Asia.

  • Minerals
  • Production Results
  • Gold