Highland Gold falls on production downgrade

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.

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.

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