Highland Gold on Track to Meet Output Target

12 August 2010 (Last Updated August 12th, 2010 18:30)

Russia's Highland Gold Mining said it expects to meet its annual production target after recording gains from its newest mine. The company said it is on track to meet its full-year production target of 200,000-210,000oz of gold. Production during the first half of 2010 from the co

Russia's Highland Gold Mining said it expects to meet its annual production target after recording gains from its newest mine.

The company said it is on track to meet its full-year production target of 200,000-210,000oz of gold.

Production during the first half of 2010 from the company's Mnogovershinnoye and Novoshirokinskoye mines is up 10% compared with 2009.

Highland has also increased its exploration budget and is launching projects in Russia and Kyrgyzstan, reports Reuters.