Highland Gold production misses revised targets

Russia-focused precious metals producer Highland Gold Mining says bad weather and declining ore quality resulted in reduced production during 2011.

Russia-focused precious metals producer Highland Gold Mining says bad weather and declining ore quality resulted in reduced production during 2011.

The company's latest results show the group produced 184,102 ounces of gold last year, down significantly on the 200,028 ounces produced during 2010 and below the downwardly revised target of 190,000 to 200,000.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.