Proactiveinvestors United Kingdom Highland Gold Mining Ltd Proactiveinvestors United Kingdom Highland Gold Mining Ltd RSS feed en Mon, 22 Jul 2019 00:58:56 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Q2 2019 Operating Results ]]> Fri, 19 Jul 2019 07:00:03 +0100 <![CDATA[RNS press release - Kekura and Klen Admitted to Special Economic Zone ]]> Wed, 03 Jul 2019 07:00:08 +0100 <![CDATA[RNS press release - Results of Scrip Dividend Election ]]> Tue, 04 Jun 2019 14:04:37 +0100 <![CDATA[RNS press release - Results of Annual General Meeting ]]> Thu, 23 May 2019 11:24:41 +0100 <![CDATA[RNS press release - Interim Scrip Dividend Pricing Announcement ]]> Thu, 02 May 2019 07:00:05 +0100 <![CDATA[RNS press release - Mailing of 2018 Annual Report and Notice of AGM ]]> Tue, 30 Apr 2019 13:13:27 +0100 <![CDATA[RNS press release - Q1 2019 Operating Results ]]> Thu, 25 Apr 2019 07:00:08 +0100 <![CDATA[News - Highland Gold boasts strong cash generation while output and earnings ease slightly ]]> Highland Gold Mining Ltd (LON:HGM) told investors in its financial results that cash generation remained strong through 2018 – it rose by 4% with US$136.2mln brought in during the year.

Gold production was down slightly, about 1%, at 269,500 ounces for the twelve months to 31 December, while earnings (EBITDA) similarly reduced by 1% to US$153.1mln.

It described total cash costs as ‘steady’, at US$506 per ounce in 2018 compared with US$507 in 2017, meanwhile, the ‘all sustaining costs’ increased to US$682 per ounce, from US$664 in the prior year.

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The company paid a total of US$46mln of dividends to shareholders for the year, via two interim payments, and, since the end of the financial year, a third dividend was approved by the board.

Operationally, the focus was on securing longevity via new resource definition work and by acquisition. The company also put attention on extension plans.

“Highland Gold is committed to growth, both organic and acquisitive, and I am pleased to report that 2018 and the early months of the current financial year have witnessed significant developments on that front,” said Eugene Shvidler, executive chairman.

“The company's recent corporate highlights, namely the purchase of the Valunisty gold mine and the seven-year 'Life of Mine' extension of MNV, as well as the ramp-up of construction at Kekura, reflect key aspects of our overall strategy to capitalise on Highland's valuable and substantial asset base.”

Shvidler added: “Looking to the future, we are confident that the ongoing implementation of our strategy, together with the maintenance of rigorous cost disciplines and the roll-out of a new programme for operational efficiency and continuous improvement, will continue to serve shareholders well in the ensuing years.”

Fri, 12 Apr 2019 08:34:00 +0100
<![CDATA[RNS press release - Full Year 2018 Audited Results ]]> Fri, 12 Apr 2019 07:00:05 +0100 <![CDATA[RNS press release - Full Year Results Announcement Date ]]> Fri, 05 Apr 2019 14:01:56 +0100 <![CDATA[RNS press release - HIGHLAND GOLD MINING LIMITED ]]> Tue, 02 Apr 2019 07:00:21 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Fri, 15 Feb 2019 16:34:11 +0000 <![CDATA[RNS press release - Director/PDMR Shareholdings ]]> Fri, 15 Feb 2019 07:00:04 +0000 <![CDATA[RNS press release - Block listing Interim Review ]]> Mon, 04 Feb 2019 16:06:18 +0000 <![CDATA[RNS press release - Q4 2018 Operating Results ]]> Mon, 21 Jan 2019 07:00:07 +0000 <![CDATA[RNS press release - New Reserve Audit Extends MNV Life of Mine to 2029 ]]> Mon, 14 Jan 2019 07:00:04 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 03 Jan 2019 09:34:43 +0000 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Thu, 03 Jan 2019 09:24:04 +0000 <![CDATA[RNS press release - Completion of Acquisition and Issue of Equity ]]> Mon, 31 Dec 2018 07:00:08 +0000 <![CDATA[RNS press release - Update on Valunisty Acquisition ]]> Thu, 20 Dec 2018 13:34:38 +0000 <![CDATA[RNS press release - Dividend Declaration ]]> Thu, 13 Dec 2018 07:00:06 +0000 <![CDATA[RNS press release - Q3 2018 Operating Results ]]> Thu, 18 Oct 2018 07:00:08 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Wed, 17 Oct 2018 15:25:19 +0100 <![CDATA[RNS press release - New Branding, Website and Mission Statement ]]> Mon, 08 Oct 2018 07:00:05 +0100 <![CDATA[RNS press release - Interim Results Announcement for H1 2018 ]]> Tue, 04 Sep 2018 07:00:16 +0100 <![CDATA[News - AIM companies to break the billion pound dividend barrier this year ]]> AIM is set to shake off its reputation as a haven for dividend dodgers, with pay-outs by AIM companies set to pass a significant milestone.

The AIM Dividend Monitor from Link Asset Services says dividends paid by companies listed on AIM are set to rise by 19.6% year-on-year in 2018 to a record level of £1.16bn.

READ: Some more reliable dividend payers on AIM to consider as Plus500 moves on

If the report’s prediction is on the money, 2018 would be the first year in which dividend payouts, in aggregate, have surpassed the £1bn mark.

To be sure, the market is still not the first port of call for income investors, with the Monitor asserting that “AIM companies as a whole are still absorbing much more capital for investment than they are returning to shareholders” but the trend towards more of them paying dividends in on the rise.

According to the report, one-third of AIM’s companies now pay dividends, compared to just one-quarter in 2012.

“We expect 257 AIM companies to pay a dividend this year, just under one-third of all those listed on the exchange. The number paying has stayed steady over the last three years despite an ongoing decline in the number of companies listed on AIM,” the report said.

AIM is still lagging way behind the main market in this regard, where almost four-fifths of the companies pay out dividends but then again, the amount paid out by AIM companies since 2012 has grown three times faster than the sums paid out in aggregate by companies with full listings.

It is also likely that some companies that have made it to the stage where they feel confident of paying dividends are also ready for a move up to the main market – or get taken over.

According to the AIM Dividend Monitor, 439 different companies have paid at least one dividend since 2012 and the compilers of the report estimate that slightly more than 100 of these are no longer listed on AIM.

AIM companies to yield a collective 1.2%

With the need to plough profits back into a growing business, AIM companies are also less likely to be generous with their return of cash to shareholders than their counterparts on the main market, many of which are mature businesses chucking off cash.

Over the next 12 months, Link Asset Services expects AIM companies to yield a collective 1.2%; that figure is calculated by dividing the amount AIM companies pay out in dividends by the market capitalisation of all the companies on AIM (and then expressing that as a percentage).

The projected yield compares to a yield of 2.7% for the mid-cap sector on the main market and 4.0% for the FTSE 100.

“The main market overall (which includes companies outside the top 350) will yield 3.9%,” the report projected.

Statistics, of course, are meant to be manipulated (“damn lies” and so on) and the report observes that if one were to strip out those AIM companies that do not pay a dividend, the yield rises to a more respectable 2.1%, give or take a percentage point or three.

“This is much closer to the main market mid-cap payers’ 2.9% and the top 100’s 4.2%. On this measure, it also leaves the yield on dividend-paying AIM companies ahead of other asset classes like bonds and cash, and it comes with growth,” the report observes.

AIM beginning to come of age

But not guaranteed growth, obviously …

“We rightly associate AIM with young companies, hungry for capital to grow. Since 2012, £9.6bn of IPOs have floated on AIM, according to the London Stock Exchange. Meanwhile, firms have tapped investors for an additional £23.6bn in issues of new shares to help them finance their investment needs. Not all of this is by UK companies on AIM, but even so, it shows that AIM is fulfilling its function of providing access to equity finance,” the report’s writers asserted.

The writers claim that AIM is beginning to come of age, with the rapid growth in dividend payments indicating that “more and more companies are reaching that important milestone where they generate more cash than they absorb”.

Link Asset Services predicts that dividend payments by AIM companies will again grow by a double-digit percentage; it forecasts more than £1.3bn will be paid out in 2019.

Mon, 03 Sep 2018 13:25:00 +0100
<![CDATA[RNS press release - Interim Results Announcement Date ]]> Wed, 29 Aug 2018 11:30:26 +0100 <![CDATA[RNS press release - Block listing Interim Review ]]> Mon, 06 Aug 2018 09:25:09 +0100 <![CDATA[RNS press release - New Exploration Licence Near MNV ]]> Thu, 02 Aug 2018 10:19:24 +0100 <![CDATA[RNS press release - Q2 2018 Operating Results ]]> Thu, 26 Jul 2018 07:00:02 +0100 <![CDATA[RNS press release - Result of Extraordinary General Meeting ]]> Thu, 24 May 2018 14:29:59 +0100 <![CDATA[RNS press release - Result of Annual General Meeting ]]> Thu, 24 May 2018 14:28:59 +0100 <![CDATA[RNS press release - Mailing of 2017 Annual Report and Notice of AGM ]]> Fri, 04 May 2018 07:00:06 +0100 <![CDATA[RNS press release - Q1 2018 Operating Results ]]> Mon, 30 Apr 2018 07:00:08 +0100 <![CDATA[RNS press release - Agreement to Purchase Gold Assets in Chukotka ]]> Thu, 26 Apr 2018 07:00:08 +0100 <![CDATA[RNS press release - 2017 Final Results ]]> Tue, 17 Apr 2018 07:00:06 +0100 <![CDATA[RNS press release - Full Year Results Announcement Date ]]> Wed, 11 Apr 2018 07:38:17 +0100 <![CDATA[RNS press release - Resources and Reserves Update as at 31 Dec 2017 ]]> Thu, 22 Feb 2018 08:47:21 +0000 <![CDATA[RNS press release - Belaya Gora/Blagodatnoye PFS and Resource Update ]]> Wed, 07 Feb 2018 07:00:02 +0000 <![CDATA[RNS press release - Kekura Feasibility Study and Resource Update ]]> Tue, 06 Feb 2018 07:00:02 +0000 <![CDATA[RNS press release - Block listing Interim Review ]]> Mon, 05 Feb 2018 07:00:04 +0000 <![CDATA[RNS press release - Q4 2017 Operating Results ]]> Thu, 18 Jan 2018 07:00:07 +0000 <![CDATA[RNS press release - Notification of Significant Holding ]]> Tue, 09 Jan 2018 15:58:39 +0000 <![CDATA[RNS press release - Board of Directors Adopts Dividend Policy ]]> Wed, 13 Dec 2017 07:00:02 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 30 Nov 2017 16:33:28 +0000 <![CDATA[RNS press release - Updated Resource and Reserve Estimates for Novo ]]> Mon, 20 Nov 2017 07:00:05 +0000 <![CDATA[RNS press release - Appointment of Chief Operating Officer ]]> Thu, 09 Nov 2017 10:17:22 +0000 <![CDATA[RNS press release - Q3 2017 Operating Results ]]> Wed, 11 Oct 2017 07:00:03 +0100 <![CDATA[RNS press release - Appointment of Joint Corporate Broker ]]> Mon, 09 Oct 2017 08:56:58 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Mon, 18 Sep 2017 15:42:48 +0100