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05 Aug 2005
Production Update for the first half of 2005
Following our 24 June 2005 production update where we advised that the full year production for the group will fall significantly below earlier expectations, Highland Gold Mining Limited (“Highland Gold”, or the “Company”) announces its operating results for the 2005 first half ended 30 June 2005.
30 Jun 2005
Taseevskoye Resource Update and Initiation of Scoping Study
Highland Gold Mining Limited (“Highland Gold”) is pleased to announce an updated resource estimate for the Taseevskoye project and the initiation of a scoping study to determine the parameters of a revised feasibility study. We also announce the formalisation of our 50-50 Joint Venture Arrangements with Barrick Gold Corporation (“Barrick”) on the project.
24 Jun 2005
At the time of Highland Gold's full year results which were released to the market on 19 April 2005, Highland Gold advised the market of the severe weather conditions that had been experienced at its main operating mine, MNV, in the early part of 2005 and mechanical problems at Darasun encountered at commissioning. At the time, despite the short-term negative impact on production, the board expected that the shortfall experienced in the first part of the year would be made up later in the year.
19 May 2005
Highland Gold appoints new Chief Operating Officer
Highland Gold Mining Limited is pleased to announce the appointment of Mr. Scott Yelland to the position of Chief Operating Officer.
06 May 2005
Barrick Subscription in Highland Gold
Highland Gold Mining Limited ("Highland Gold") announces that it has today signed a subscription agreement with Barrick Gold Corporation ("Barrick") of Canada whereby Barrick will subscribe in cash for 11,377,937 new ordinary shares in Highland Gold at a price of 230 pence per new ordinary share. The subscription is conditional only on admission of the shares to trading on AIM. Following completion of the share subscription Barrick's shareholding, which is currently 13.7%, will increase to 20%.
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