Highland Gold Mining lost 16p on its share price after reporting that its production guidance for the year to 31 December has been revised lower.
The firm reduced its predictions to 190,000-200,000oz of gold and gold equivalents from the previously announced 210,000-220,000oz, mainly due to a requirement for additional open pit waste stripping during the fourth quarter. Bad weather conditions earlier in the year were also to blame.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Rents outpace mortgages with 21% rise over three yearsRenters have seen a bigger increase in their monthly housing costs since 2022 than mortgaged homeowners, according to Zoopla
-
Reeves’s capital gains tax changes ‘backfire’ as Treasury receipts fall sharplyCapital gains tax rates were increased in the 2024 Budget but fresh data suggests the policy is failing to boost government coffers. Could it put chancellor Rachel Reeves off a wealth tax?
