Highland Gold buys rights for new mine in Mnogovershinnoye

AIM-listed mining company Highland Gold Mining has acquired a license for exploration and mining rights for the Western Flank, a property located adjacent to the company's existing Mnogovershinnoye mine operations in Russia.

AIM-listed mining company Highland Gold Mining has acquired a license for exploration and mining rights for the Western Flank, a property located adjacent to the company's existing Mnogovershinnoye mine operations in Russia.

The acquisition resulted from an open auction held on December 6th in the regional capital of Khabarovsk for a bid price of 8,690m roubles (approximately $280,322).

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