Highland Gold Mining Ltd. Reports Operating Results for the First Half, Second Half and Full Year of 2015; Provides Production Guidance for 2016
For the first half, Mnogovershinnoye plant produced gold was 42,451 oz against 61,761 oz a year ago period. Ore processed was 705,493 tonnes against 629,854 tonnes a year ago. Total ore mined was 619,749 tonnes against 593,446 tonnes a year ago.
For the full year 2015, Mnogovershinnoye plant produced gold was 94,558 oz against 122,320 oz a year ago period. Ore processed was 1,412,819 tonnes against 1,366,458 tonnes a year ago. Total ore mined was 1,503,187 tonnes against 1,159,495 tonnes a year ago.
For the second half, Novoshirokinskoye plant produced gold was 57,987 oz against 54,826 oz a year ago period. Ore processed was 359,733 tonnes against 301,685 tonnes a year ago. Ore mined was 373,790 tonnes against 302,485 tonnes a year ago.
For the first half, Novoshirokinskoye plant produced gold was 48,634 oz against 42,949 oz a year ago period. Ore processed was 331,551 tonnes against 281,137 tonnes a year ago. Ore mined was 327,629 tonnes against 280,987 tonnes a year ago.
For the full year, Novoshirokinskoye plant produced gold was 106,621 oz against 97,775 oz a year ago period. Ore processed was 691,284 tonnes against 582,822 tonnes a year ago. Ore mined was 701,419 tonnes against 583,472 tonnes a year ago.
For the second half, Belaya Gora plant produced gold was 31,149 oz against 23,421 oz a year ago period. Ore processed was 876,303 tonnes against 764,972 tonnes a year ago. Ore mined was 1,337,790 tonnes against 611,457 tonnes a year ago.
For the first half, Belaya Gora plant produced gold was 30,157 oz against 15,411 oz a year ago period. Ore processed was 674,985 tonnes against 462,333 tonnes a year ago. Ore mined was 885,314 tonnes against 465,610 tonnes a year ago.
For the full year, Belaya Gora plant produced gold was 61,306 oz against 38,842 oz a year ago period. Ore processed was 1,551,288 tonnes against 1,227,305 tonnes a year ago. Ore mined was 2,223,104 tonnes against 1,077,067 tonnes a year ago.
Total production of gold and gold equivalents in 2016 expected to remain stable at 255,000-265,000 oz as the natural decline at MNV is offset by improvements at Belaya Gora in the 2nd half.