Delivery of the gold to the exchange was completed on
The gold was delivered from the Company's Mnogovershinnoye ('MNV') subsidiary, which is the first and, at present, the only gold producing enterprise registered on the platform.
Trading on the MOEX Precious Metals Market began in 2013 and the platform currently has 56 registered professional participants. Spot and swap trades of gold and silver executed on the market are cleared by the National Clearing Centre (NCC), a
Prior to the transaction, Highland Gold had been selling its gold production almost exclusively to commercial banks. The MOEX Precious Metals Market provides the Company with another option for bringing its gold to market.
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