Highland Gold reported it remains on track to produce 200,000 to 215,000 ounces of gold this year after first-half production rose almost 10 per cent to 101,900 ounces. The Russia-focused gold mining group will disclose cash operating costs for the period in September, when it reports its financial results on or around 19 September. It noted costs are expected to rise slightly because of increased waste stripping at the ageing MNV open-pit mine.
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Nevertheless, the positive announcement detailed a smooth ramp-up in gold output from the Novo mine with construction of the Belaya Gora stand-alone processing plant also progressing as planned for commissioning in the final quarter of the year.
