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viewHighland Gold Mining Ltd.

Highland Gold reaffirms full-year guidance after in-line second quarter

Production, sales and the supply chain were not materially affected by the coronavirus pandemic

Highland Gold Mining Ltd. -

Highland Gold Mining Limited’s (LON:HGM) has said its four operating mines produced 61,357 ounces of gold and gold equivalent in the second quarter, in line with forecasts,

In the same period of last year, 70,293 ounces of gold were produced.

Total production in the first half of 2020 was 125,347 ounces, down from 142,254 ounces in the same period of last year but in line with internal production targets.

The company expects to produce between 290,000 and 300,000 ounces over the whole of 2020.

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

Quick facts: Highland Gold Mining Ltd.

Price: 299.6 GBX

AIM:HGM
Market: AIM
Market Cap: £1.09 billion
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